CHF-JPY Will Fall! Sell!
Hello,Traders!
CHF-JPY is already making
A local bearish pullback
From the horizontal resistance
Of 176.000 level so we are
Locally bearish biased and
We will be expecting
A local bearish correction
Sell!
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JPYCHF trade ideas
CHFJPY: Retracement from ResistanceCHFJPY seems to be undergoing a bearish correction following a recent test of horizontal resistance on an intraday or daily chart.
This pullback is signaled by the formation of a descending triangle pattern, confirmed by a breakout below its neckline.
The price is likely to decline toward the 173.39 level.
CHFJPY: Pullback From ResistanceCHFJPY appears to be showing a bearish retracement after a recent test of a horizontal resistance level on an intraday or daily chart.
A signal of this pullback is the formation of a descending triangle pattern, with a confirmed breakout below its neckline.
It is likely that the price will drop to 173.39.
CHFJPY Trading Opportunity! SELL!
My dear subscribers,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 174.84 pivot level.
Bias - Bearish
My Stop Loss - 175.91
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 172.92
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
#CHFJPY 4HCHFJPY 4-Hour Analysis
The CHFJPY pair has formed a sell engulfing pattern on the 4-hour chart, indicating strong bearish sentiment and potential downside movement. This area highlights increased selling pressure, making it a favorable setup for bearish trades.
Technical Outlook:
Pattern: Sell Engulfing Area
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position after confirming bearish price action around the engulfing area, such as rejection candles or lower highs forming near the zone.
Traders should use indicators like RSI to check for overbought conditions or MACD for bearish momentum confirmation. Implement proper risk management with stop-loss orders placed above the engulfing zone and profit targets at nearby support levels.
CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the CHF/JPY with the target of 171.362 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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