CHF/JPY in Rising Wedge.Hey, I am back with another Forex analysis this time looking at CHF/JPY.
CHF/JPY is in a rising wedge, which is a bearish formation, so I going to short this pair all the way to 114.500 - 50 pips.
Short when the uptrend is broken, which is so you can even market enter if you are an early bird.
Good luck trading!
Chfjpyshort
CHFJPY short trade idea (ROADMAP)a rising wedge pattern gives us a short market bias but we need more evidence before placing any sell order, wait for the price to breakout the support level 1!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
CHF/JPY SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Market-Sell: 114,915
Stop-Loss: 115,300
Take-Profit: 114,325
Stop-Loss: 38,5 pips
Risk: 0,5% - 1%
Risk-Reward: 1,56
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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CHFJPY Breakout possibility, 114.65 is the keyCHFJPY is creating Lower Lows(LLs) on each successive dip. So far, the resistance level of 114.65 is intact. However looking at the structure, the possibility of a breakout is increasing. Sellers must be careful here.
A breakout beyond the 114.65 level will be a strong buy signal with 118 as the target.
CHFJPY POSSIBLE SHORT**ENG**
- Price is now reaching our 4H resistance level, we are expecting a drop from this area to the 38,2% FIB zone, RSI is also on the verge of crossing to the overbought side, wait for a candle confirmation before entering.
**PT**
- Preço está de momento a atingir a nossa zona de resistência nas 4H, estamos à espera de uma queda nesta zona, fazendo um pullback até à zona dos 38,2% do FIB, o RSI também está bastante próximo de níveis sobrecomprados, aguardar por vela de confirmação antes de entrar.
Em caso de quebra, apenas entrar no retest.