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Chfjpysell

CHFJPY SELL #1708Look out for CHFJPY SELL #1708 video analysis for more detailed breakdown:) For your convenience, I have done up this post so that you can track the progress of the trade by clicking the Play button above. If you like what you see, please like and follow me BELOW! www.tradingview.com Feel free to leave your opinions on why you AGREE or DISAGREE with my trade analysis! Would love to know your perspectives! Trading is the hardest way to make easy money.
Short
by UnknownUnicorn3151415
CHFJPY - SETUP - WEEKLY CONTINUATION - 19 JUNEWELCOME TO DACAPITAL TRADING!! EURUSD just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Bearish movement below previous week low DAILY 112.000 DKL Taken out with a instant downside reaction WEEKLY Market very sideways in weekly finally trying to push out LEVELS SHORT @ 110.505 SL @ 110.939 TP1 @ 110.082 TP2 @ 109.865 TP3 @ 109.654 Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.! Enjoy our limited Free Content and Setups, leave us a like and Comment!! DACAPITAL TRADING
Short
by DACapitalTrading
5
CHFJPY: basic rules of trading in crossesEach pair in the foreign exchange market is unique. But if we carry out some conditional classification of currency pairs, then we can single out those that are prone to trend movements and those that gravitate toward movement within the the outlined range (flat). The second type includes most of the cross-rates: EURJPY, EURCHF, GBPCHF, CHFJPY, etc. And even among these, gravitating towards flat assets, we can distinguish those that are even more inclined to move in the range. It's about CHFJPY. This cross consists of quite similar currencies. Similar in the sense that both the Japanese yen and the Swiss franc are classified as safe havens. Or they perform the role of safe-haven assets in the foreign exchange market. Accordingly, in case of uncertainty or panic in financial markets, when other assets begin to move in a directional and one-sided manner, this cross occupies a waiting position and fluctuates in a relatively narrow range. In addition, the ultra-soft monetary policies of the Bank of Switzerland and the Bank of Japan contribute to an increase in the level of "similarity" of these currencies in the eyes of investors and traders. So, the cross CHFJPY is a very attractive instrument for range trading. In this regard, we want to pay attention to the current dynamics of the pair. Quotes came close to the level of 112 - the upper limit of the local range. That is, we have an excellent opportunity to open a short position. Sell objectives: bottom of the 110, and optimally - area 109. As additional arguments in favor of the pair's sales, we can cite quite significant divergences that have formed over the past month: the price is parallel to the X axis, but the indicators (RSI, MACD) clearly point to the “south”. Recall that in the case of discrepancies between the directions of movement of indicators and price charts, as a rule, the "truth" is on the side of the indicators. That is, they indicate the correct direction. In this case, we are talking about depreciation of the CHF relatively JPY. Summarizing, we can note that in the pair CHFJPY there is an excellent technical signal for sale, which should be not passed by. The risk / profit ratio is better than 1 to 3, which makes the sales of the pair from the current prices very attractive. Our recommendation is the sale of CHFJPY in the area 112 with the targets 110.20 (pessimistic scenario) or 109 (optimistic scenario).
Short
by Trade24Fx
CHFJPY - SETUP - WEEKLY CONTINUATION - 28 MAYWELCOME TO DACAPITAL TRADING!! CHFJPY just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Strong H4 break below uptrend-line expecting further drop. DAILY Price is melting last 4 days after taking out 111.900 Key Area WEEKLY Overall very bearish couple of weeks with several lows formed LEVELS SHORT @ 109.847 SL @ 110.379 TP1 @ 109.282 TP2 @ 109.037 TP3 @ 108.773 Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.! Enjoy our limited Free Content and Setups, leave us a like and Comment!! DACAPITAL TRADING
Short
by DACapitalTrading
CHFJPY Short OpportunitySeems like bulls can't break through this resistance level and has made multiple tops as a result. The bullish momentum from which this came from has been made too intensely and the bulls seem exhausted (or some may already be taking profits at this level) as shown by the decreasing volume. Several reversal candle signals are visible such as the Bearish Engulfing, Tweezer Tops, and on lower time frames, Dark Cloud Cover. RSI is showing divergence as well. We wait either for a breakout of the trendlines or breakout of the neckline before entering trades.
Short
by UnknownUnicorn1066662