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.
Chfjpysetup
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.
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
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 SHORTGOOD LUCK
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