Chfjpysell
CHFJPY Weekly chart analysis, drop to 114 possibleIn my previous CHFJPY analysis 4 weeks ago( analysis link attached below), I told you that breaking 114.65 will take CHFJPY towards 118. As you can see CHFJPY reached 117.65 level which is very close to the 118 target I mentioned.
Now, you can see that 118 level is a strong resistance on the weekly chart. Chances are price will reverse and drop to the 114 level after failing to break this resistance.
CHFJPY Breakout possibility, 114.65 is the keyCHFJPY is creating Lower Lows(LLs) on each successive dip. So far, the resistance level of 114.65 is intact. However looking at the structure, the possibility of a breakout is increasing. Sellers must be careful here.
A breakout beyond the 114.65 level will be a strong buy signal with 118 as the target.
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.
CHFJPY BIG SHORT INCOMING?!ENG
- Price reaching our FIB reversal area, having the ex-supportive trendline as an extra resistance, we are expecting a reversal from this area, however, if we get a break we will be looking for an entry at our HH.
PT
- Preço a alcançar a nossa zona do FIB à qual achamos promissora para um reversal, tendo também a nossa ex-supportive trendline a ajudar como uma resistencia extra, estamos à espera de um reversal nesta area mas em caso de quebra, iríamos procurar nova entrada no HH atual.
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
CHF/JPY SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
NOTICE: THis is meant to be a preparation for you. As always we need to wait for a confirmation!
Market-Sell: 113,990
Stop-Loss: 114,530
Take-Profit: 112,930
Stop-loss: 54 pips
Risk: 1%
Risk-Reward: 2,0
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Peace and good trades
Irasor
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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.
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 Signal - SELL LIMIT !CHFJPY
Take 1-2% risk of your account capital.
Personal Note:I do not guarantee for a win or loss, my trading style has over 60% win ratio which is phenomenal for a successful trading career. I simply follow the pure knowledge and let market do its own thing. I am not attached to the results, because i know over a set of trades i always become profitable.
Best Regards.
CHFJPY SELL/SHORT DIVERGENCE DAILY + PREVIOUS REVERSAL ZONE In this trade we have multiple confirmations for the Sell/Short:
CHFJPY:
Divergence on Daily
Rejection Near Previous Reversal Zone
Magic Magenta Downtrend
Indexes:
SXY(Showing Signs Of Weakness)
JXY(Showing Signs Of Weakness)
May Do Consolidation Until One Currency is Showing Signs Of Strength
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