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Chfjpysell

CHF/JPY 4HR CHART SET UPHi everyone this is my trade set up for the CHF/JPY for the new week ahead CHF/JPY i think will push lower as were in a big downtrend still making lower highs and lower lows, so i am expecting a pullback to the order block zones and will be looking for a sell trade look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
Short
by Costy13
Hope u took the short, CHFJPYThe swiss yen broke down farther after breaking the channel and testing the bottom of the channel, we expect to see more downside this week. But the white line(200ma) serves as a strong support. If you're in a short take some profits at around there and re-enter again at a better price. BEAR CASE Price to go farther down to ~122.9, there we can see some support. Our ultimate target is ~122 BULL CASE We expect price to test at least 122.9 but the support can be stronger than expected, do not be surprised if we bounce to 125 from there before another big leg down.
Short
by IkanBilisCapital
Bearish signal on the weekly but big move may come lateThe weekly candle on the swiss yen gave us a potential bearish signal. We expect price to continue to consolidate to the upside before giving us a big drop to the downside. BULL CASE Price moves to the top of the channel before dropping down farther. The price we're looking at is 126 but it may breakdown midway due to the uncertain nature in this zone. BEAR CASE This is unlikely but price may just collapse from here. If it does break structure our price target is 122. Remember not to fomo in and control your risk if it happens.
Long
by IkanBilisCapital