CHFJPY W5 Mar 2021CHFJPY
Short Setup
Continuation trade:
👉🏻 BEAR BEAR BEAR. All signs are leading to the downside. My only exit is when price breaks above that major zone in purple. Now all is a retracement pointing to further crash.
Chfjpysell
CHFJPY - SHORT; This is a long term SELL but ...... Wait for it!
A SELL off of the 118.20 level will provide the optimum SHORT Entry;
The Daily
CHFJPY Threatens To Break Below The 116.315 Daily SupportSee Signposts for key price action details.
An additional note, I'll be giving this pair some breathing room before committing to a trade. The weekend open is always a bit unpredictable.
CHFJPY Video analysis 07-03-2021CHFJPY
Was trading within a range only the range was around 300 pips from 116.00 to 119.00.
From 116.500 it went bullish up to 119.00 and reached 2021 yearly high and started falling towards yearly low levels. CHFJPY will fall towards 114.00
Sell @ 116.500
Take profit @ 115.100
Stop lose @ 116.850
CHF/JPY New 2 Setups To Cath More Than 200 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
Hi Traders Possible Reversal On CHF/JPYHi Traders
CHF/JPY (Daily Timeframe)
A high probability, entry to go SHORT is forming @ 116.154 after the market found resistance @ 117.772. Only the upward break of 117.772 would cancel this bearish scenario.
Trade details:
Entry: 116.154
Stop loss: 117.772
Take profit 1: 115.199
Take profit 2: 113.581
Take profit 3: 110.944
Score: 6
Strategy: Bearish Trend Reversal
CHF/JPY SELLCHF/JPY has been in a ranging market structure since last December , failing to breakout if this market structure.
I expect the pair to fail in breaking above the key resistance area and sell until it reaches the important yellow support area .
Therefore continuing with the ranging market structure .
Adding on to the confluence , I see a potential double top forming near the key resistance area which indicates the reversal (sell) in the price .
This is shown by the Orange path drawn
CHF/JPY Rejection From ResistanceThis has had a big rejection from the resistance level and has continued down to support where it has finally slowed. I expect this to be a brief correction before continuing downwards.
For an entry to a short I want to see this break the support and then retest it as resistance. Then a short can be taken with a target at the next support of 113.819
CHFJPY W4 Feb 2021CHFJPY
Short Setup
👉🏻 Price failed to close above major zone (marked in purple) on Friday's market close. Possibly a fake out to lead price lower to respective areas.
CHF/JPY Down to SupportThis has retraced to 0.5 Fibonacci, looking for this to now continue downwards to the support level. Need to wait for confirmation of this first as MACD and EMA's are on the bullish side, need to see MACD start dropping and EMA's to cross back over. TP is just below 0.382 Fib at 116.234.
CHFJPY ANALYSISchfjpy supported buy sloping moving average looking for bulish. confident about bulish.
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Idea is not the financial advice!
CHF/JPY to RetraceDue to the chaos caused in the markets this week by the Reddit group/Gamestop stock buying there have been big unexpected moves that have ruined some ideas on here. This is one of the lesser affected currency pairings as they are both safe haven currencies, but CHF is more so than JPY, that is why it moved in the direction it did.
From here we can expect this to retrace down to support to at least the 0.382 Fibonacci level which aligns with the previous resistance level. This could climb a bit higher before turning back, I have marked out the previous peak with the blue line, this is where this could reach before turning back but I expect it to turn back before this level. Wait for the confirmation of a pullback before entering the trade, use MACD and EMA's and 1HR timeframe to see a sign of a retrace before shorting.
CHF/JPY SELLThe market has been ranging since December 2020. In which the price failed to break above the major resistance level (shown by the green square) multiple times since 2016, making it highly unlikely for the price to break this level.
Due to the possible double bottom being formed I expect the price to test the major resistance level, then fall until it reaches the monthly support level shown by the yellow square.
