CHFJPY FORECAST*PRICE IS MAKING A RISING WEDGE PATTERN WITH BEARISH DIVERGENCE STOCHASTIC TO CONTINUE DOWN*
I will look for a false break or a better setup to entry
Chfjpysetup
CHFJPY Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of CHFJPY (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 41 - 05 Oct
M > Market reached monthly resistance and after rejection started downward move.
W > Price dropped to complete W formation and continued further till demand zone before reversal.
D > We saw an M formation and price moved up to test the neck and complete formation. We now expect price to drop and test weekly demand zone.
As per COT CHF saw closure of Long and addition of few Short positions reducing net positions. SXY was very weak for the said week. SXY was strong last week. JPY had closure of both Long and Short reducing net positions, this made JXY weak for the said week. Whereas JXY slightly recovered its position last week.
4H > Price is making HH, we will have to wait for price reversal for Short entry.
Pair Correlation > CHFJPY has positive correlation with EURJPY and negative correlation with USDCHF.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
CHFJPY - short biasedHi all traders,
This is my analysis for chfjpy.
I have pre-warn some of the levels for chfjpy.
Take extra note on those levels and may you have some pips out of it.
**Disclaimer: All trade ideas are of my own personal view**
Cheers!
CHFJPY - sell biasedHi all traders,
For CHFJPY , we can see that it has broken the trend line, im looking for more sell biased this pair.
Any buy will only happen if it break higher. But for now, i will only be sell biased for this pair till we see a momentum change.
Follow me on tradingview.
Like and share this trade idea with all your friends.
Have a nice day!
**Disclaimer: All trade ideas are of my own personal view. It's not a financial advice. Thanks!**
Cheers everyone!
CHF/JPY Technical Analysis
The counter has made a double top pattern at the highs.
It has broken a critical support level at 115.72, which validates the double top.
Hence, we expect the pair to be bearish in the short-term.
CHFJPY / SHORTLooking for a short once this level has been broken, the trendline has been broken and price is bouncing off of the highlighted level of support
Once it breaks its gonna plummet
chfjpy - bullish ascending triangleHi all traders,
For this pair, the breakout might happen this week, so keep an eagle eye on this.
Any retest of trend line , we should be good for upwards movement.
Im buy biased for this pair. Be careful of fakeout!!!
CHFJPY BEARISH WEDGEPrice is ought to break below this bearish pattern, heading further downward to the 109.750 terrain. This is a 700+ pip move!
CHFJPY - potential more upside for this pairMorning everyone!
Im looking at this trade idea for today.
Looking at it to potentially do a retracement downwards first before we see more upside to break the top.
Thank you!
Cheers and stay safe!
CHF/JPY: short TRADE setup/parametersall in the chart
I have higher confidence than usual in this trade setup so I take higher risk (= larger position size) with this trade
as always, good luck!
CHF/JPY Update +130 Pips CHF/JPY Update +130 Pips
New Entry Is Available
Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
(29.07.2020) CHFJPY has every chance to rise to the 115.650 area(07.29.2020) CHFJPY has every chance to rise to the 115.650 area. The seller is not able to stop the growing trend at the moment. A sharp exit from difficulties in the area of 114.600 speaks about it.
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, SELL on H1Below huge supply zone.
Wait for the price to create a double top and us 1st TP will be 113.35
CHFJPY Bearish OANDA:CHFJPY By breaking below blue line I think it is a confirmation that price will drop.
CHFJPY SHORT IDEACHFJPY just reached the top of a channel and is forming a nice bearish candle indicationg a trend reversal. My SL is 30 pips and my TP is 80 pips,
CHFJPYDowntrend detected on higher timeframes. Also, a possible' reversal formation is looking likely further confirming the sell signal. For the short term, go for Target 1.
