CHFJPY I Intraday short opportunityWelcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
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JPY (Japanese Yen)
CHFJPY Potential DownsidesHey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 144.100 zone. CHFJPY is approaching an important support and resistance zone of 144.2, once the rejection is confirmed i would set 141.500 zone of the trend as a target as it's considered the next major support zone CHFJPY will be facing.
Trade safe, Joe.
CHFJPY INVERTED CUP AND HANDLE BEARISH TREND CHFJPY Inverted Cup and Handle Bearish Continuation Trend.
There seems to be no Divergence at RSI at the inverted Cup and Handle so it seems to carry on as downward continuation pattern.
Our Entry will be at the bottom end of the inverted cup and using Sell Stop Order i.e. Entry Price 140.791
Our Stop Loss will be the top of the Handle i.e. 142.626
Our TP1 will be the Diagnal length of the cup in total but we use our TP1 same as our stop loss i.e. TP1 138.931
Our TP2 will be TP2 i.e. 137.039
OUR LOT SIZE IS 0.07
CHFJPY: Classic Bearish Setup 🇨🇭🇯🇵
CHFJPY has nicely respected a confluence zone based on a horizontal 4H resistance and a 0.5 retracement of the last bearish impulse.
The price formed a double top pattern on that and broke its neckline.
Probabilities will be high that the pair will drop lower soon.
Goals: 141.172 / 140.363
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CHFJPY SELL SETUPHet Traders,
Check this analysis out, there are two ways CHFJPY could plays it's sell off out.
Currently the par is making an inverse head and shoulder pattern which could ultimately result to the pair pushing back to retest the upper boundary of the current channel. Where a sell order will be awaiting it.
Or the price can make a quick trip to retest the supply level and then follow by a sharp rebound to the downside.
Still worthy of watching out.
CHFJPY: Bearish outlookThe CHFJPY currency pair is currently encountering resistance at the 144.205 level, where previous selling activity suggests a potential drop in value. This outlook is further corroborated by the emergence of a well-formed harmonic reversal pattern, specifically a bearish butterfly. Moreover, a bearish engulfing candlestick pattern materialized on the weekly chart on March 12th, while a bearish doji star pattern on the M30 timeframe exhibited strong bearish pressure within the 144.207-144.083 region.
Based on this analysis, a short position in the CHFJPY pair appears valid (though the monthly candle is currently bullish), with a short-term target set at 143.245 and a medium-term target at the initial support zone.
CHFJPY BIAS: STRONG SELLTake the sell ride with the bears and make a cool buck from the CHFJPY pair this morning. After the price has broken the trend line and the brake of the structure has happened, a bearish pin bar has finally formed at the second lower high (second structure) in the 30m timeframe, signaling a dell opportunity.
Timeframe: m30 and H1.
Signal: Sell signal
Strategy: a bearish pin bar.
Exit: 141:505
Entry: Market
Stop lose: 143: 185
Shalom.
Buy CHFJPY SW 230323 9.40📌📌Signal Buy CHFJPY 📌📌
Link :
📍📍Open order 142.6
Buy lim 1 141.65
Buy lim 2 140.9
Buy lim 3 140.2
Buy lim 4 139
Buy lim 5 138
Tp 144.5
Sl 136.5
Warning !!! (Swing trade must be use pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Sell lim 1 0.15 lot
Sell lim 2 0.20 lot
Sell lim 3 0.25 lot
Sell lim 4 0.30 lot
Sell lim 5 0. 40 lot
Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Sell lim 1 0.05 lot
Sell lim 2 0.06 lot
Sell lim 3 0.07 lot
Sell lim 4 0.08 lot
Sell lim 5 0.10 lot
Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
CHFJPY on a critical Support from 2021The CHFJPY pair almost made contact 2 days ago on the September 20 2021 Higher Lows trend-line and is so far seen rebounding. So far today this is contained on the 1D MA200 (orange trend-line). As long as Support 1 (140.200) holds, we are buying targeting just below Resistance 1 at 147.500. If the Higher Lows trend-line breaks, we will close in loss and go short instead, targeting the 0.5 Fibonacci level at 134.500.
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CHFJPY I Intraday short from resistance Welcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
CHFJPY: Strong before the Fed.The CHFJPY pair is showing much strength today one day before the Fed Interest Rate, turning the 1D time frame technically neutral (RSI = 47.879, MACD = 0.010, ADX = 25.777). The rebound recovered the 1D MA50 and this is enough to turn us bullish on the pair, targeting the LH Zone (TP = 146.900).
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CHF/JPY Day Trading Analysis 📋On CHF/JPY is nice to see strong sell-off from the price 143.560 , there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale