Chfjpyshort
CHFJPY developing H&S, looking for a SELLHI Traders,
CHFJPY has been moving within a HTF channel which price had a Reversal Impulse off the top boundary creating a right shoulder correction to give us more bearish price action.
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CHF/JPY SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
CHF/JPY: Daytrade-Execution
Notice: Keep your risk low. Fed has an emergency closed door meeting and so volatility likely today!
Market-Sell-Order: 124.525
Stop-Loss: 124.750
Point of Risk-Reduction: 124.390
Take-Profit: 123.715
Stop-Loss: 21 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
Always add your brokers spread to the stop-loss!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
CHFJPY | New UpdateCHFJPY as per our call tested the support and has given breakout from the falling trendline.
We are expecting bulls to be active and push the price to new highs.
To check our last analysis on CHFJPY visit on profile.
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Check our other Forex and Crypto Setup on Profile.
OPPORTUNITY FOR SELL CHFJPYCHFJPY has actually reached a level from which it has great potential for decline, mainly due to the upper end of the parallel channel.
Low volume as well as achieving the upper line of the parallel channel are good prerequisites for this decision.
We define 3 goals:
TP 1 = 40 pips
TP 2 = 100 pips
TP 3 = 200 pips
CHF/JPY SELL SIGNAL Hey tradomaniacs,
CHF/JPY:Daytrade-Execution
Market-Sell-Order: 124.860
Stop-Loss: 125.070
Point of Risk-Reduction: 124.715
Take-Profit: 124.045
Stop-Loss: 20,5 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
CHFJPY ShortCHFJPY broke out last week with sell pressure and at the end of the week it retraced all the way back to retest as resistance. Price rejected to confirm sells once again. Nor price just came up to the 78.6 level of the fib and rejected so we are entering a sell with clear bearish pressure on higher timeframes
CHF/JPY: A Year of Uptrend! Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the asset , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
Overall this market is still trending to the upside, moving inside a strong ascending channel.
Very poor trading activity to the lower value of the channel is still a clue of strong uptrend and no really clear sign of trend reversal.
However the price is retesting a local key level and the possibility of market retracement is quite high!
When, where and why would I step into the market?
Usually, during this kind of market situation, I prefer entering long or short from the top or bottom of the channel, having less risk and better RRR.
However I think this market could still give us some good opportunity.
First of all, in lower timeframe (1h and 30min) I will be looking for some continuation pattern and in the current timeframe I will be waiting for the price to reach and retest the current key level, looking for a good entry point with RRR of 1:2 or greater.
In this specific situation, my SL would be above the resistance level and the first TP just around the price control.
In the scenario of market continuation to the upside, I will focus on a possibility a rejection around the top line of the channel.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose