Chfjpysell
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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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.
CHF/JPY Time to ShortIt is a good time to short this, it has reached resistance and is ranging in a channel.
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.
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.
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
CHFJPY SHORTWe had a daily close inside the daily resistance area.
looking for our target on the 50% fib level.
Then tests 116.600 and 116.800 range before falling to 113.800
Entry - 117.550
SL - 118.000
TP1 - 115.750
TP2 - 113.800
CHFJPY, 4hr tf, sell on breakout of triangle patternHello my friends,
Today is friday and we are going to trade lightly today.
I found a good setup on CHFJPY pairs.
This pair recently broken below the support of a triangle pattern which has formed since September till November.
Yesterday it finally close below it and i think today is a retest of this broken support.
We could expect downside to next support at 113.15
Sell CHFJPY 104.05
Stop loss 104.35
Take profit 103.20 (2.8R)
RR ratio 1 : 2.8
Use only 1-2% risk
Good luck
CHF/JPY SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation for you. as always we will have to wait fora confirmation!
CHF/JPY: DaySwingtrade-preparation
Market-Sell: 115,240
Stop-Loss: 115,690
Target 1: 114,730
Target 2: 114,380
Target 3: 113,830
Stop-Loss: 45 pips
Risk: 0,5% -1%
Risk-Reward: 3,0
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Peace and good trades
Irasor
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CHFJPY: POtential Bearish MovePrice seems to be resisted at a flip zone which acted as a support before and most recently during last week, acted as a resistance. Ain't seeing any strong sign of weakness yet but will be watching this pair closely for a SHORT opportunity
DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.
CHFJPY, daily tf, sell trend line retestHello my friends,
For today i am gonna trade JPY crosses pairs, as the US election could trigger risk-off sentiment.
It looks like we could see it goes wild with current development.
To keep it simple, we will only focus on the price action.
Price already broken below the ascending trend line and now retesting it.
I've marked the horizontal support and resistance as well.
This 114.60 area is an area of confluences as there is horizontal and EMA resistances.
You could clearly see some selling pressure here as the last candle stick looks like a bearish pinbar candle.
Sell CHFJPY 114.60
Stop loss 115.10
Take profit 113.25
RR ratio 1 : 2.5 (2.5R)
Use only 1-2% risk
Good luck
CHF/JPY Wave Analysis
After completing a 5-wave bull cycle, the counter is currently in an ABC correction phase.
It is now at a strong price action support zone and at the final stage of wave A.
Hence, we expect the pair to be bullish in the near-term.
CHFJPY going downLooking for a sell for CHFJPY if it touches the resistance area. will wait for confirmation.
NOTE: Not a recommendation. Just an opinion.
