Chfjpyanalysis
CHFJPY Sell Setup for Swing Trade.CHFJPY Sell Setup for Swing Trade.
Sell Zone Range 113.900 ~114.100
Stop-loss 40-50-Pips.
Take Profit: 112.000 (200-Pips)
Please manage your risk. Use Stop loss. And do not take blind entries.
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This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
If somebody missed the last Sell Trade than we have a second plan you could consider.
Previous Analysis Link Also Attached.
Drop to 112 possible as long as resistance holdsSo far, bulls have been unable to break the 114.50 resistance area. If this level remains unbroken, then there is a possibility that the bears might push the price lower to the 112 area. Selling the rallies is preferable as long as the resistance level remains unbroken.
CHF/JPY possible bullish price movement💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
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Let's take a look at CHF/JPY on 1H chart. We can see nice uptrend channel and we believe price will go up to test resistance line of this ascending channel.
Let us know what you think about this idea.
Trade safe !
CHFJPY TRADE IDEACHFJPY TRADE IDEA. Price can go on 2 different ways. For the LONG position I would wait till the retest and after it bounces off, My TP is 150 pips and my SL is 60 pips. For the SHORT position I would wait till it breakes below and maybe retest the resistance, the TP for the SHORT position is 150 pips and the SL is 50 pips.
CHFJPY long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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CHFJPY Bullish Uptrend Movement!!!What we can see now for CHFJPY is a completion of a double bottom formation respecting the support level @113.05. This potentially gives us a bullish outlook as currently we are seeing a bearish retest to the broken resistance level @113.28. I believe we could see a "W" formation forming as it bulls. If not a retest to the trend support level is possible before it bulls. Therefore, as you trade CHFJPY, remember to place your SL well .
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CHFJPY Signal - SELL LIMIT !CHFJPY
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CHFJPY [Weekly Directional Analysis]Simple Analysis on CHFJPY:
Current trend is Bullish, we have reached the previous RESISTANCE area which forced market to pullback, however current we are holding at 38% fibonacci level which could push price to upside to reach a new target high. Otherwise, if sellers dominate we may fall downside to previous Support & Resistance area before continuing the bullish trend. At the moment, we are looking at Price Action on Daily chart for confirmation to BUY or SELL signal.
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CHFJPY Falling WedgeCHFJPY is forming a falling wedge (continuation pattern). A break of the resistive trendline has occurred, AND a retest of the resistive trendline is currently happening, lining up perfectly with the 61.8 Fib level. Bulls can enter long positions now, targeting the strong, daily resistance zone as a first target.
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CHFJPY SHORTI think we will get rejected by uptrend trendline, and then continue going lower. I dont care if we broke downtrend channel or not, a close above 113.5-113.6 would make it bullish for me though but its highly unlikely, even if it does 114.5 would be my TP
not a signal whatsoever and dont follow it because I say so I hold no responsibility, its just what I am doing myself if you find it reasonable then do whatever you want.