Chfjpyshort
CHF/JPY: Shortsetup in the makingCHF/JPY: Shortsetup in the making
> Doubletop formation with falling high in D1
> Lower low and lower high in H4
> Inner trendline broken
> Top range of bearish trendchannel
> POC above current levels
This is a watchlist trade. We would like to see another lower high + outer trendline break to enter short.
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Meikel & Team WSI
chf/jpy sell oppertunityas we mentioned last day chf jpy rejected from the double top and given us a good bearish drop last night
broke the trend line and back at retesting the broken structure
look for bearish confirmation on lower time frames and short it with proper money management
always remember
patience and discipline is the key in the financial world
chf/jpy sell oppertunitychf jpy is making double top on the main resistance area and its also the all time high of chf jpy
we can expect a strong dead bearish drop in coming days
look for bearish confirmation on lower time frames and short it risk management and discipline
patience is the key to success in financial world
CHFJPY, ready for some dumpsFrom a technical point of view, Price has just manipulated early sellers out of the former support turned resistance at a level just before the daily break of structure to the downside.
After the the high manipulation, we can see a clear structure shift to the downside; ( Further confirming the bears strength)
The most logical thing to do now is to Position for sells tomorrow, And I have marked out a 15min timeframe POI, where I will love to see price manipulating early sellers out again before continuing to the downside.
From last week JPY COT report, we see that commercial institutions are adding more long positions and closing their sell positions! That is an indication that the JPY is getting stronger and and currencies paired against it are going to see some massive sells to the downside! Looking forward to what this idea yields.
Feel free to comment you opinions!
CHF/JPY SELL signal....VIEW
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
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chfjpy short - Risky tradeit formed a clean channel pattern
expect it to form a double bottom in the heavy resistance area before reversing
in 15MTF formed a triangle pattern if it broken above the pattern it can shoot up to 127 in upcoming days
for now it looks bearish to me
keep a small s.l
1:3 RR
CHF/JPY 2 Entries Running In 250 Pips 0 Drawdown, New Update NowThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CHFJPY will continue its bearish move -200 PIPS OPPORTUNITYCHFJPY is in a downtrend and is expected to continue it, with a bearish engulfing candle on H4 it provides a confirmation , there are two possible scenarios in this case.
Scenario #1:
it will continue its bearsih move.
Sell CHFJPY if H1 closes below 139.35, take profit: 137.50, stoploss: 140.80
Scenario#2:
pair might retrace an test trendline resistance around 140.20 area.
Sell around 140.20 area , takeprofit: 137.50, stoploss:140.80
CHFJPY - Sell - Head & Shoulders PatternCHFJPY Sell - Head & Shoulders pattern has formed with price having broken neckline and at a level where it is re-testing neckline which makes it a higher probability set up.At present price seems to be reacting to neckline.
Entry: 140.000
Just at the neck line
Stop Loss. 140.823
Above the neckline and at above recent support resistance area. If price takes out this stop, can look for re-entry if setup is still valid.
TP: 136.845
I have set various key levels to take profit, the last take profit being at a level which meets a recent area of support and also in the zone of the distance between head and neckline.