Chfjpyanalysis
CHFJPY Falling From Here...Currently, we are seeing a doji candle at the resistance level @116.55. I am expecting tomorrow's candle to be strong enough to engulf this doji candle brining CHFJPY towards the downside. As we can see 117.62 resistance level is still strong with price rejection at that level. This also formed a double top pattern giving us additional BEARISH signs. I have identified the demand zone where I potentially see price testing this zone.
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CHF/JPY has met resistanceCHF/JPY is at historical big resistance so do not expect this to break it. This past week it has rejected off this resistance and I would expect it to continue down to test the daily support at 116.20. JPY is very strong at the moment so it could easily break this support. Short term target is 0.5 Fib which is 115.765. Longer term target could see this retest previous resistance around 114 level. In the past when it has rejected this level it has fallen to 109-107.
Is the CHFJPY Forming a Double TOP?It looks like we have a double top forming on the CHFJPY and I would like to enter as soon as possible if price hits my level.
Short at 116.80
Top loss: 117.67
Take profit: 114.73
CHF/JPY BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
CHF/JPY: Daytrade-Execution
Buy-Stop-Order: 117,290
Stop-Loss: 117,025
Point Of Risk-Reduction: 1117,540
Take-Profit: 117,770
Stop-Loss: 27 pips
Risk: 0,5% - 1%
Risk-Reward: 1,80
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Peace and good trades
Irasor
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CHFJPY - Upside InboundThis is a very simple break and re-test pattern.
If the price manages to hold above the structure lines marked for a significant period of time, then I will consider a buy position.
It is very early in the year so I would rather not get caught up in fixed biases yet.
CHFJPY SHORTCHF/JPY recently failed to break its yearly high and has subsequently treaded lower. The failure to breach fresh yearly highs on the most recent upswing likely injected bearish undertones that may see prices fall back to an inflection area between 108.0 and 105.0 before making a renewed push higher.
CHF/JPY could SHOOT UP soon!Hey tradomaniacs,
looking at CHF/JPY we can see a retest of the previous falling-wedge which is likely to provide bullish confluence.
The current price-zone is a nice spot to buy as bulls probably use the chance to buy the pullback of this breakout-scenario.
Strong support (Look DAILY-CHART) plus previous diagonal resistance are giving us a nice entry.
First rejections are the first evidence of a continuation.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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CHFJPY LONGYMLM SETUPS
Clean Channel looking to break on the upperside.
Possible long on this pair.
Find entries on M15 TF.
CHFJPY Small TF analysisAs we can see that market is comming down in Triangle. and also creating H&S pattern but from both side market is unconfirm so we are wiating for one side confirmation.
CHFJPY - Rejected at 118, 10 times since 2018As the weekly chart shows, this pair has been rejected multiple times at the resistance zone located between 118.80-116.70 region since early 2018. The best entry was a week ago, but I am hoping for a retracement to about 116.80 or higher that will give me a good entry next week. Target can be located at support below in the low 114 region.
This could be a +3.2R trade, but it requires some patience to see it through this low volatility holiday period.
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As always, please use sound money and risk management in all your trades.
CHFJPY SHORTAyo Fuck the US and what they think.
Swiss Banks do what the fuck they wanna do.
You think the FED are the only fucks who wanna devalue their own currency?
Difference between FED and Swiss Banks is that the Swiss Purchased APPLE with their bank money
While the FED bought FAILING US CORPORATIONS
Thats why Swiss Banks are gangster nigga
BULLISHCHFJPY looks bullish based on market structure forming higher highs and breaking key areas to the upside. Wait for retest then should shoot up.
CHFJPY Weekly AnalysisCJ appears to have created a bearish 3 drive strike pattern, as of now I believe price will reach the -27% (116.346) on the fib, and keep falling to the -68% (115.959). The market may gap up as soon as it opens and move up more to create a much more clear 3 drive strike pattern on the 4hr before falling but ultimately I think price is headed towards the bears because price reached the highest it has been this year and immediately turned around. What do you guys think?
CHFJPY | Perspective for the new week60pips against us since my last publication on this pair (see link below for reference purposes); Price finally touches Y117.500 zone just like it did in August 2020 to make a Double Top structure. This was met with rejection followed by Lower Lows in the latter part of last week trading session.
Tendency: Downtrend ( Bearish )
Structure: Reversal pattern | Supply & Demand | Double Top
Observation: i. Since July 2020, price action has been caught within a channel of Supply and Demand.
ii. The appearance of a Reversal pattern since price hits Y117.500 has given rise to a risk of further decline in the coming week(s).
iii. I shall be expecting a significant Breakdown of Key level @ Y116.400 (Neckline) for a signal this week.
Trading plan: SELL confirmation with a minimum potential profit of 200 pips.
Risk/Reward : 1:3
Potential Duration: 5 to 10 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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.
Short Opportunity For CHFJPY!!! Retest Candle...As we can see, 117.62 price level has been a strong resistance line for CHFJPY with 116.55 price level resistance level being a weaker resistance. We managed to see several breakout of 116.55 resistance level which eventually tested 117.62 price level where there are several rejections off that level. As of now, what we managed to see is a rejection off that resistance line moving back 116.55 price level. Today's candle was more of a retest candle which retested the resistance zone (red area) before further bearish continuation. For now, I will be seeing a potential short opportunity to the support zone (green area).
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