CHFJPY SHORT quick 100 pips here, looking for another touch of the triple box for price to reject the 50 EMA, descending trend line as well as past structure to take a short here.
100 PIP GAIN 5/1 RR
Chfjpyforecast
rejection at chfjpy level 111.7we have reached a level where see some small rejections at the CHFJPY. due to the corona-virus, there is a big pressure on the jpy. the retail is more than 76% short on this pair. that is the main reason for the banks to buy this pair.
CHFJPY has potential to go down for 160 pips!Head & Shoulders pattern looks real and currently we are seeing price managed to break the trendline support, momentum bearish candle formed from previous daily candle closed indicate that price might continue to go lower
**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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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GWBFX
chfjpy broke the channel.CHFJPY broke today the ascending channel, tested at the 60 min chart. if the daily candle closes like this, we can expect some more downside movement and see the levels 1.10 insight. With the coronavirus in mind, it can push the nikkei225 up and push down the JPY pairs.
CHFJPY - Short Timeshould be waiting for the invalidation level to get a sell position.
Let see what happens!
Cheers! ;)
CHFJPY is in bearish ModeAs we can see that CHFJPY has rejected it's resistance line from above side and also made bearish engulf candle, which indicate us of strong bearish mode.
CHFJPY: Countertrend Sell based on RSI Divergence and Resistance112.60 zone has offered some resistance in the recent days.
In addition to this, there is also some bearish divergence in the RSI.
If this zone continues to offer resistance, we can execute low-risk sell trades at 112.68-112.85.
TP can be set at 112.10 and 111.70. Stop Losses can be placed above 113
CHFJPY roadmap on dailyNote : I see an interesting potential setup on the CHFJPY pair, we will wait for how prices react at these daily key support levels ;)
**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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CHFJPY Short idea Hello traders!
This pair is up for a major correction downwards before continuing the trend upwards. Shorting CHFJPY until 108.750
Good luck!
CHFJPY What happens next?!This is an interesting one, in which I'm not sure of a long term direction with this one.
I maintain a bearish bias for the next couple of weeks as I can't see the 112 level being broken just yet, so I may potentially enter a short trade after confirmation of a rejection at this level of resistance. I did also use fib retracement levels to help measure the pullback, but removed this from the chart to keep it tidy. However, where price will go after that I am not sure. If you trade this as an Elliot Wave, there could be a 3rd impulse wave driving price higher. My instinct tells me it will drive up to the 113 level again before another pullback but I guess we shall see!
Still, if this first prediction comes off, there is a healthy 130 pip gain to be made! :)
CHFJPY potential reversal!
CHFJPY expected to rise up to 1st resistance at 112.439 where it could potentially react off and drop down to 1st support at 111.797.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
volume is thinning out as the holiday season closely approachesinvestors’ focus on the risk of a slowing global economy, a sharp rally in the yen — a traditional haven currency — would make some sense to opening low risk short position from here, Also current administration’s strategy to use tariffs as threats to mold his foreign-policy against multiple countries will create an ongoing and unknown certainty .
CHFJPY forecast on H1Plan : wait for prices to bounce off trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CHFJPY forecast on dailyNote : CHFJPY is at an important resistance level now --> wait for breakout ;)
**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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Swiss Jpy - tug of warANALYSIS ON CHFJPY
Welcome to my analysis
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30min CHart
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Interesting Point of interest In the CHFJPY pair.
- Price below 200 day EMA.
- look for buy signals.
- Expecting some more upward movement.
- Watch 110.050 for take profit.
- MACD showing bullish divergence
Stay Tuned
CHFJPY has been ranging for a few days nowCHFJPY has been ranging for a few days now and it has gotten to the lowest level for the range, it's time to buy again and ride it to the top of the range.
An accurate entry price has been highlighted.
Use good money management.
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All the best!
CHFJPY bounced from support, potential for a further rise!
CHFJPY bounced off 108.420 where it could potentially rise further to 109.462.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
