Chfjpyshort
CHFJPY - Its ReadyStructure was purged and a false breakout occurred, price pulled back to attack the trap, ready for the bearish move to emerge.
How's that for a Forex poem?
CHFJPY - Rejected at 118, 10 times since 2018As the weekly chart shows, this pair has been rejected multiple times at the resistance zone located between 118.80-116.70 region since early 2018. The best entry was a week ago, but I am hoping for a retracement to about 116.80 or higher that will give me a good entry next week. Target can be located at support below in the low 114 region.
This could be a +3.2R trade, but it requires some patience to see it through this low volatility holiday period.
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CHFJPY SHORTAyo Fuck the US and what they think.
Swiss Banks do what the fuck they wanna do.
You think the FED are the only fucks who wanna devalue their own currency?
Difference between FED and Swiss Banks is that the Swiss Purchased APPLE with their bank money
While the FED bought FAILING US CORPORATIONS
Thats why Swiss Banks are gangster nigga
CHFJPY possible short IDEA!!Price is currently respecting the weekly resistance, it possible for price to make a daily "M" formation at price 117.80 before looking to take short with confluences and price action
CHFJPY ShortsDescending channel, downtrend, Daily candle closed below 50% of fibo with long wick rejecting price, structure in h1 and h4 is downtrend and a possibility of Elliot waves
Short Opportunity For CHFJPY!!! Retest Candle...As we can see, 117.62 price level has been a strong resistance line for CHFJPY with 116.55 price level resistance level being a weaker resistance. We managed to see several breakout of 116.55 resistance level which eventually tested 117.62 price level where there are several rejections off that level. As of now, what we managed to see is a rejection off that resistance line moving back 116.55 price level. Today's candle was more of a retest candle which retested the resistance zone (red area) before further bearish continuation. For now, I will be seeing a potential short opportunity to the support zone (green area).
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CHFJPY Inversion Confirmed after a DOUBLE BOTTOMTECHNICAL ANALYSIS:
-The price was moving in uptrend, strong volumes, high volatility and momentum confirmed this big movement, once it reached the resistance zone at 113.290, the level rejected it twice, make the market falling down.
-The price then bounced two times on the support level at 113.802, creating a clear DOUBLE BOTTOM Pattern. During the second bounce, the price was oversold and accumulating a strong momentum, in fact it started going up failing the retest of the same support.
-The price actually is not strong enough to carry on, it started an inversion and it seems to be confirmed by 3 clead DOWN BARS.
CONCLUSION:
I aspect the price falling down for at least 100-120 pips, monitoring also the H4 time frame we can see that the price broke the Ema 50, restesting it.
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Gianni
Possible trend shift in CHFJPY – going shortThe Tidal Shift Strategy has just sold CHFJPY at 116.748. The system recommends entering this trade at any price between 116.598 and 116.898. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -2.784, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.12, so the stop loss has been set at 117.349. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 74357
Time Issued: Wednesday, 16 December 2020 08:00:16 GMT
Status: open
Entry: 116.598 - 116.898
Limit: N/A
Stop Loss: 117.349
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Past Performance is not an indicator of future results.
CHFJPY SHORTSFirst shorts were too early as price pushed to one more high before printing the daily bearish engulfing. Looking to sell any rallies into previous highs!
Targets remain near neck line of daily W breakout.
Trading Signal For CHFJPYTrading Signal:
A Trading Signal is seen in the CHFJPY Currency Pair.
Traders can open their Sell Trades NOW
Pullback 117.22
SL 118.0
TP 116.55
TP 115.35
TP 114.11
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CHFJPY - SHORTAs we can see, in the frame W, the Marubuzu closed candlestick with full force, but now when we meet the Resistance resistance, I think there will be a price correction to the Fibo resistance below.
Specifically, on h1, there was a break of the price channel to immediately increase the resistance level, so the idea for next week would be to wait for the price to return to the resistance just break to sell down.
CHFJPY SHORTWe had a daily close inside the daily resistance area.
looking for our target on the 50% fib level.
Then tests 116.600 and 116.800 range before falling to 113.800
Entry - 117.550
SL - 118.000
TP1 - 115.750
TP2 - 113.800
CHFJPY - Too SoonI feel like it would be silly to try and sell CHFJPY from this point there is so much liquidity sitting above those high points and price moves to where orders reside. I would assume a fake break of this channel followed by a re-entry up to the highs marked or even higher. Let's see how this one progresses next week.
