Chfjpy!
CHFJPY - Short from here ✅Hello traders!
‼️ This is my analysis of CHFJPY .
As I expected in my previous analysis the price did a retracement and now I see bearish price action as price filled the imbalance and rejected from bearish orderblock + institutional mid figure 146.500.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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CHF/JPY continue with the Downtrend On CHF/JPY is nice to see strong sell-off from the price 145.880 , there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale
CHFJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my analysis on CHFJPY .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalances higher and then to reject from bearish orderblock.
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CHFJPY: BEARISH Market Analysis! Waiting for CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CHFJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
Market on top of its previous swing high, in higher time frame it double bottomed on it moving inside a rising wedge formation, in this context usually a reversal scenario.
In lower time frame, in October the market left the wedge, still correcting above the swing for a while and recently we could see the expected reversal sharp impulse breaking the main structure.
When, where and why would we step into the market?
Overall, considering the downward impulse, our Bias is quite bearish and we would be looking only for short positions.
The market dropped for more the 500 pip, and started correcting just few session ago.
A deeper correction is needed and once it will be completed, we will be looking for a great entry price and RR if the opportunity will be confirmed.
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Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
CHFJPY Will Go Higher! Long!
Hello,Friends!
Indecision in the market is changing
Towards a clear bullish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a good idea to go long!
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