Right Now this Currency Pair is in Neutral Phase 1- It is making Cup & Handle Chart Pattern on Daily Time Frame Indicating its Bullish Behavior 2-It is Moving in Parallel Channel Chart Pattern on Daily Time Frame and Right Now heading towards bottom of the channel indicating Bearish Behavior 3- When Considering Fibo Levels after breaking 38.2 % Fibo Level Price...
This is CHFJPY 4H timeframe analysis, as you all can see that this pair has started a new trend to the downside and right now it has made a retracement to the previous broken structure, so now i will be expecting the market to continue the move to the downside.
We can easily expect the creation of a higher high Monthly: We have an impulse and correction respecting precious resistance now turn support. When we have an impulse and correction we can definitely expect another impulse. Weekly: In weekly we have an impulse correction pattern. Also price is respecting .50 fibonacci level. We could expect a creation of a...
CHFJPY (6H) is clearly set to drop in price. Since HaS have been completely formed, i am keen on seeing a BOS and retest of OB before i jump into the wave. This is pretty exciting for me. Comment, like and please follow me to show appreciation
Like most Jpy pairs, November was a correction month also for ChfJpy(so far) and the pair dropped from its 125 recent high An H&S pattern is pretty obvious on lower time frame charts, but in my opinion, this will not pay off. A short dive under this H&S support is not out of the question, but in the medium term, my opinion is that we'll have a new leg up above 125
A wave of correction is evident in the time frame of 4 hours of positive divergence I predict the price will correct 50% of the previous fall to prepare for the fall again
This pair is ready to fall to price level 118 LEVELS. Risk small, trade with care.
CHFJPY shortterm buying opportunity. CHJPY after a short retracment should continiue uptrend. Possible 1:12 Risk Reward
Wait for a break and retest of level 119.500 to go short with good bearish confirmation on H1. Reasoning: Price has made a large bullish move causing imbalance of S&D. Therefore, price is expected to fill in the imbalance. Price has also rejected trendline and resistance(Blue Line) Overall trend is still bearish If trend were to turn bullish, it would have...
SL: 118.577 TP: 119.822 RRR: 2.11 Price is showing clear indication of respect to the 4hr and daily line of support, thus reflecting a potential rise in the market.
chfjpy short : Reasons : 1)pattern trend has been formed but waiting for confirmation 2)bearish naked candle has appeared wait for confirmation until it hits the blue line take profit : green line stop loss : red line
Let me know what you think based on my simple chart analysis? :)
I try to make Every thing Simple and Self explanatory in The Chart. Thank you for Watching My Trading Idea.
We are expecting a downtrend for a couple of days.
CHF/JPY is currently struggling to overcome the resistance at 122.50 area. The last few candlesticks on the 4H chart indicates some bearishness. So, based on this bearish price action, traders can consider selling the the resistance with initial target as shown by the arrow marked in my chart.