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Chfjpyforecast

CHFJPY POSSIBLE SHORT**ENG** - Price is now reaching our 4H resistance level, we are expecting a drop from this area to the 38,2% FIB zone, RSI is also on the verge of crossing to the overbought side, wait for a candle confirmation before entering. **PT** - Preço está de momento a atingir a nossa zona de resistência nas 4H, estamos à espera de uma queda nesta zona, fazendo um pullback até à zona dos 38,2% do FIB, o RSI também está bastante próximo de níveis sobrecomprados, aguardar por vela de confirmação antes de entrar. Em caso de quebra, apenas entrar no retest.
by Wevesting
CHFJPY, 4-hour timeframe, double top patternBased on the 4hr chart we could see there is a potential double top pattern on this pair. Previously this pair moving up inside a neat uptrend channel. During the last 3 trading days starting from thursday, friday, and monday, price managed to move below the channel and probably gonna make a lower high. Currently price hovering around 114.30-114.35 area which is the 78.6 fibonacci retracement from the recent drop Sell CHFJPY 114.30-35 Stop loss 114.80 Take profit 1 @113.35 Take profit 2 @112.20 good luck
Short
by HayatoDragonFX
CHFJPY H1 SHORT PRICE ACTION FORECAST The Swiss Franc started the Asian session in a strong bullish note breaking through the descending trendline, capturing unexpected traders with this swiftly move. Reaching a resistance level, where the last two candles at the H1 domain signaling total rejection from the zone mentioned and RSI deep into the overbought territory, allows the setup of a short entry. The order: Type: sell-limit S/L: 20 pips - R:R | 1:2.5 - T/P: aiming towards the previous resistance level. -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
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. Follow for more Analysis, i have nothing to sell to you but i'm providing more values to the community for free ! Best Regards.
by arksid_fx