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Chfjpyanalysis

CHFJPY - Sell - Head & Shoulders PatternCHFJPY Sell - Head & Shoulders pattern has formed with price having broken neckline and at a level where it is re-testing neckline which makes it a higher probability set up.At present price seems to be reacting to neckline. Entry: 140.000 Just at the neck line Stop Loss. 140.823 Above the neckline and at above recent support resistance area. If price takes out this stop, can look for re-entry if setup is still valid. TP: 136.845 I have set various key levels to take profit, the last take profit being at a level which meets a recent area of support and also in the zone of the distance between head and neckline.
Short
by dinomalik
2
CHFJPY AS I TOLD YOU BEFORE!!Hello traders! CLICK THE LINK BELOW TO CHECK MY PREVIOUS ANALYSIS ON CHFJPY & HOW I PLANNED THE EXECUTION. As I posted before on CHFJPY : CHFJPY Reached a mass psychology since Jan 2015 at 138.917 area. Will be waiting for a reversal pattern as an ascending channel forming currently + breakout to execute a short position. Patience is key on this pair & do not rush your trade. Be relaxed since the price is in a great area. On 30 June, I took a 15 mins bearish flag (short position) and moved to breakeven when the price reached 142.208 (touched the lower TL of the 1H chart). I am currently running at 11% and will consider locking when the price reach the lower rejection line / trendline (139.157 - 138.560 area) Patience is key. #THEPRIMES
Short
by alex_k_95