Chfjpyshort
CHFJPY bearish for 118.50 target #CHFJPY, JPY one year bearish extreme position. 13k shorts removed by professionals by last three weeks. chf one and five year bullish extreme positions suspect weakness ahead. 6k long removed in chf by last four weeks. 12% long removed chf bylast four weeks. 111.70 and 120.25 supply zone for short. stop loss above 120.70 i.e 120.80. Target 118.50
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (119.80).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 119.56
TP2= @ 119. 01
TP3= @ 118.86
TP4= @ 118.61
TP5= @ 118.41
SL: Break Above R2
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💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (119.80).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 119.56
TP2= @ 119. 01
TP3= @ 118.86
TP4= @ 118.61
TP5= @ 118.41
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Ascending Structure + Bear Flag continuation after the Breakout.CHFJPY is very clean, I like the HTF Structure and that it looks like we are currently making a HTF Bearish continuation correction which would confirm our reversal bias. Not in a hurry to jump in want to see the structure develop a little more.
CHF/JPY New Short Setup To Catch 150 Pips, Lets Catch It This 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 more room the upsideLast Week CHFJPY tested demand & rallied to the upside breaking the minor downtrend market structure. Currently market is in imbalance between 120.20 & 120.70. My bias for this market is bullish unless it makes a new lower low and breaks the current market stucture. From Daily timeframe CHFJPY seems bearish but last week it failed to make a new lower. So, hopefully with a bullish price action this pair can shoot up to the major supply area to fill out the void of the market before it falls down.
CHFJPY (SHORT)Looking for short near the orange box. If the orange box are breached through upward, i will then look for a long opportunity. Wait for a short signal before your entry.
Feel free to post any comment/question or any idea that you wish to share. I am more than willingly to reply you back :)
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Quotes "The key to trading success is emotional discipline"
CHFJPY short oppotunity 😎CHFJPY short in progress on our H1 strategy.
Last buy settled for a small gain.
New trade entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren.