Chfjpysetup
CHF/JPY - Day TradeCHF/JPY pullback short sell.
Obviously, this is a day trade and we might close it before it even reaches TP. Also, risk twice as less as you usually do.
This is shorting the long trend pullback which I don't normally do because the trend is bullish. But in short term/day trade, if you get a ppotential entry, then why not take it.
CHFJPY - UPCOMING WEEK - DONT MISS ITCHFJPY is approaching its resistance at 110.753 (0.618 Fibonacci retracement) where it could potentially reverse to its support at 108.421
Watch out for the break in the black trend line as this could leads us back to its support of 108.421
See previous analysis
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
CHFJPY / TECHNICAL CHART - "WEDGE"Pair: CHFJPY
Trade : Long
Time Frame : 1 Hour
Strategy: Wedge
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques,
you should do your own due diligence and not take this information as a trade signal.
CHF/JPY - 150 Pips OpportunityCHF/JPY is heading for a break of the 50 EMA on the 8H chart.
On the 1H chart, it has broken the 200 ema for the first time since it's bullish run.
As long as the 200 EMA on the 1H chart holds strong as resistence, we can expect CHF/JPY to drop 150 pips+.
*Give it 1-2 more hours for the confirmation of the move.
Trade safe.