CHFJPY Bearish Momentum Predicted On the H1 time frame CHFJPY, we found a bearish momentum is coming for a short-term period.
Chfjpyanalysis
CHFJPY | Perspective for the new week | Follow-up detailsWith a break-even position on this pair and considering the appearance of a Double top structure, I suspect that price is going through a correction phase in anticipation of a rally in the coming week hence an opportunity to take a quick trade in the opposite direction of my last speculation arises (see link below for reference purposes).
Tendency: Downtrend (Bearish)
Structure: Breakdown | Supply & Demand | Reversal pattern (Double Top) | Trendline
Observation: i. Since the 20th of July 2021, the price has continued to find a higher high and appear to have found a roadblock @ Y121.200 following a double rejection of this level.
ii. Double Top: The appearance of an extremely bearish technical reversal pattern after the price reached a peak two consecutive times (Y121.200 & Y121.130 respectively) with a moderate decline between the two highs and it is confirmed when the price fell below support level equal to the low between the two prior highs (Neckline @ Y120.500).
iii. In view of my last speculation on this pair, I suspect that the double top at this juncture in the market signals a medium-term trend change in price with the anticipation of a rally in the nearest future.
iv. In this regard, the neckline remains a Key level for a short-term bearish continuation.
v. Please note that the early hours/days of the new week might see price climb to test Y120.750/120.900 area to incite bearish continuation...Trade consciously!😊
Trading plan: SELL confirmation with a minimum potential profit of 80 pips.
Risk/Reward : 1:3
Potential Duration: 2 to 5days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
CHFJPY Let me remind you that in my previous analysis we got our target. Now price has reached a very strong resistance area also we have seen how nicely JPY pair is showing bullish power. CHFJPY is one of the high probability setup.
- I am looking to sell this pair either from structure level or after counter line broken.
CHFJPY AnalaysisThe weekly chart shows price to moving within a widening rising wedge. Scaling down to the D1, price is also trading within a rising wedge. I wend down to the H4 to make an even thorough analysis. Here I found that price had made a very impulsive move to the downside. This was followed by a correction which clearly broke to the upside. On the H1, a correctional retest is forming and I will be looking for opportunities to open long positions upon the break of the H1 corection.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial.
#Trade_Like_A_Magnate
chfjpy sellchfjpy short :
Reasons :
1)pattern trend has been formed but waiting for confirmation
2)bearish naked candle has appeared
wait for confirmation until it hits the blue line
take profit : green line
stop loss : red line
CHFJPY's Hello fellow risk-takers.
The pair is still bearish in my books and extremely so!
What is currently happening is retracement that is needed to propel price even further downwards. I expect this retracement to be deep and reach the shaded area of supply zone.
The probability is quite high for price to touch this area of supply & demand imbalance and then nosedive again into a massive selloff.
Happy Trading.
______
*This information is for entertainment purposes only and shouldn't be construed as investment advice.
CHFJPY LONGCHFJPY long using Dow theory and multiple time frame, we are going to initiate trades on Daily demand Level.
Near 1100 pips profit for eur/jpy!Small profit for chf/jpy near 1100pips!
Sell
tp@119.164
sl@121.035
If you don't like my signals please don't follow and comment!
Its our business to get profit for friends!
CHF/JPY BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is a beta-version of my new system! Please trade it only if you agree and with a decent risk!
CHF/JPY: Swingtrade-Execution
Buy-Stop-Order: 120.235
Stop-Loss: 119.635
Point of Risk-Reduction: 120.975
Take-Profit: 122.780
Stop-Loss: 60 pips
Risk: 0,5% -1%
Risk-Reward: 4,25
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
CHF/JPY Running In 50 Pips From Last Video , New Entry Added !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CHF/JPY New Long Setup After 4H Candle Closure To Catch 100 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CHFJPY SELLFrom the CHFJPY setup i shared last week, we banked the 5th wave in the flat continuation pattern(Contracting Triangle) over 100pips... next move i see is a breakout in favor of the bears. GOODLUCK!
CHFJPY SHORTCHFJPY SELL :
TP :GREEN LINE
SL : RED LINE
ENTRY POINT : BLUE LINE
THERE IS A CHANCE THAT THE MARKET GOES DOWNTREND ONCE IT HITS THE SUPPORT LEVEL(BLUE LINE).
BUT WAIT FOR THE CONFIRMATION , WILL UPDATE YA LATER
CHFJPY bearish for 118.50 target #CHFJPY, JPY one year bearish extreme position. 13k shorts removed by professionals by last three weeks. chf one and five year bullish extreme positions suspect weakness ahead. 6k long removed in chf by last four weeks. 12% long removed chf bylast four weeks. 111.70 and 120.25 supply zone for short. stop loss above 120.70 i.e 120.80. Target 118.50
CHFJPY Sideway ? Long Short Position ? 16/7/2021
CHFJPY Previous Uptrend and Break below
Currently CHFJPY making Pattern and in sideway.
So we will look to Buy at SUpport and Sell at Resistance .
Entry 1 - 119.35
Entry 2 - 119.10
TP 1 - 119.700
TP 2 - 120.150
TP 3 - 120.600
TP 4 - 121.300
SL - 118.85
This is not Signal
Thank You
CHFJPY SELLPrice can be seen forming a contracting Triangle currently on the 5th wave which is a clear indication of the bearish trend continuation.
CHFJPY | Perspective for the new week | Follow-up detailsWe witnessed over 500pips move in our direction since my last publication on this pair (see link below for reference purposes) and it appears we are at another juncture where a possible Trend continuation is looming. The general risk-off tone of the markets is very likely to surge the Swiss franc into a higher high as I anticipate a Breakout/retest of Neckline @ Y120.700 area to clear all doubts off of Bearish tendencies.
Tendency: Uptrend (Bullish)
Structure: Supply & Demand | Reversal pattern (Double Bottom)
Observation: i. In the view of a long term perspective that projects Bullish expectations, it is pertinent that we notice that price has continued to remain above Y119.000 since it broke above this level on the 29th of April 2021.
ii. The Swiss Franc lost all it had gained (over 300pips) between 29th of April and 15th of June 2021 and at the time of writing this report price has come back to settle at the Demand zone where the Bullish run started.
iii. The price consolidating between Y119.000 and Y120.700 confirms the indecision that has gripped the market in the last 3 weeks which also calls for patience if we plan to trade this pair in the coming week(s).
iv. The appearance of a Double Bottom (an extremely bullish technical reversal pattern) inside the Demand zone expresses a build-up that supports a change in trend and a momentum reversal from prior leading bearish price action as the twice-touched low @ Y119.000 area confirms this zone to be a strong support level (as long as it is not broken).
v. Considering the Impulsive Bearish move prior to the consolidation phase; I look forward to a Breakout of Neckline (key level @ Y120.700) for confirmation to hop in a rally.
vi. It is also necessary that I state here that the Demand level is exactly at a 61.8% retracement of a Bullish Impulse leg on a higher time frame (see weekly chart).
vii. Even as I remain unable to rule out a possible breakdown of Demand zone, Break out of key remains our yardstick for Bullish expectation in the coming week (s)... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 300 pips.
Risk/Reward : 1:5
Potential Duration: 7 to 15days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
CHF/JPY New Short Setup To Catch 150 Pips, Lets Catch It This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CHFJPY more room the upsideLast Week CHFJPY tested demand & rallied to the upside breaking the minor downtrend market structure. Currently market is in imbalance between 120.20 & 120.70. My bias for this market is bullish unless it makes a new lower low and breaks the current market stucture. From Daily timeframe CHFJPY seems bearish but last week it failed to make a new lower. So, hopefully with a bullish price action this pair can shoot up to the major supply area to fill out the void of the market before it falls down.
Trading Idea Regarding CHFJPYI try to make Every thing Simple and Self explanatory in The Chart. Thank you for Watching My Trading Idea.
CHFJPY SELLThe Pair can be seen forming a triangle pattern in the bearish trend which indicates a continuation. Took my entry at the resistance of the triangle
