Chfjpy Short positions Looking to take short positions upon the recently formed supply which confluence with the inner h1 supply...The market is still looking for liquidity,we can tell because price unturned prematurely.
Chfjpyshort
CHFJPY | BEARISH TREND?CHFJPY had been trading in a bullish parallel channel. The price just recently broke the support of the channel indicating the start of a bearish trend.
We are expecting the price to go further down from here and a sell-on strength strategy should be adopeted.
Trade your levels accordingly.
FINALLY!! A SELL Signal On The CHFJPY :)Ok finally we have a Daily SELL signal on my indicator as per my post on the 07/09/2022 were in my analysis of the CHFJPY I was looking for a signal to sell above 146 as we entered a long term SUPPLY/SELL zone.
This pair has rallied pretty hard since I posted that analysis and there has been no signs of it slowing down till today after it broke the 150 mark yesterday finally the indicator has give a SELL signal allowing me to enter the market for the long term idea
My first target will be the current trend's previous HIGH at 144 which was taken out last week on the way to 150 the is also a weekly DEMAND/BUY zone around the 141.5 - 140 area which the market may target break of this zone will allow the market to drop down towards the 134 long term target.
For now will target 144 or slightly below stop loss is well above the current trends HIGH above 153 refer to my previous post for detailed analysis
CHFJPY Daily Chart Short Hi All
CHFJPY is on very strong resistance now, price make a bigger move since 2012 and many tools show that need to fall from here
I use big stop loss to be ready for a sneak attack and keep the success rate high.
Update On CHFJPY Idea SELL Trade TriggeredJust a quick update on today's SELL idea on the CHFJPY we just got a confirmation 30 SELL signal on the indocator at 149.500 as explained iit the early post that we would enter on the first signal above 149.
Today I will be looking to SELL the CHFPY above 149 on any 15minToday I will be looking to SELL the CHFPY above 149 on any 15min or 30min signal on my Price action signal indicator and will target Friday's low or lower at 147.5.
The reason behind this trade is I am expecting a correction to start occuring very very soon both short term and long term if you look at both the RSI and Stochcastic indictaors all the major timeframes from the 4hr up are over the 80 level and on the stochcastic all the major timeframes are just shy of the 100 level this is all pointing to a major correction especially as we are also in a Major Monthly SUPPLY/SELL zone (see my long term swing idea from last week)
Also we are seeing divergence occuring on the MACD on the 4hr and daily charts all this is indicating both a short term correction and a long term correction yes the Yen is very weak at present with the fundamentals though all the above reasons are indicating a reversal.
I will look to enter only on a 15min or 30min signal above 149 and will have a stop loss aroud 40 to 60 pips will target Friday's low this is a day trade idea so will be closed ny tomorrow's Asian or Euro session.
CHF/JPY - Potential Sell on H1Potential Sell Setup on H1 timeframe based on Technical Analysis.
As long as there no candlestick able to break SL, will hold position.
Looking To SELL CHFJPY Above 146 (Only If This Signal Occurs)We have to go all the way back to 1980 to see the last time the CHFJPY was at current leveks which is pretty insane as have all yen cross pair moves this Year and picking tops is very risky hence waiting for the correct signal is important.
Looking at the monthly charts we are now in a SUPPLY area from 1980 on daily charts we have broke out off a congested period to new highs and likely to push up above 146 towards 147 which is were i will be waiting for a SELL signal on my custom price action indicator on Daily or Weekly chart when the signal occurs I will place STOP above 151 and will target the 134 area.
The indicator when inside keys areas give very high probability signals so I will wait for a Daily or Weekly signal the higher the timeframe the signal the better
CHFJPY shortShort call isis based on multiple factors in the trade
Price has lost its momentum in upward direction as well
and expect to fall much faster and strongly,
Please refer RSI for confirming the trend and reversal.
CHF/JPY SHORTShorting Potential:
- Double top
- Price has rejected major resistance.
- Price came back to re-test local up trendline and rejected it.
- Price rejected the 618 level.
- Evening Star pattern + Now we have just closed with an engulfing bearish candle signalling a shorting potential.
- Divergence in RSI on 2HR TF and slowing buying momentum signalling a change in price.
** Stop Loss just above the 618 fib level and Targets at 50% of the way down from the 2nd August Low.
CHFJPY: Signs of A Bearish ReversalCHFJPY has repeatedly failed to breach the 143.3 resistance level. Recently, price broke below an uptrend line and bear candles have formed. I expect price to fall to the 139 level during the month of September. Remember to trade wisely and use proper risk management.
CHFJPY trade.Hello Traders!
CHFJPY reached a mass psychology at 138.917 since 2015 and currently ranging above it with a corrective behavior.
We might see in the long term an upside move heading towards the upper trend line at 157.000 level.
I personally took my short position on CHFJPY as a hover / double top (15 mins chart) at 143.292 level.
Given that the price of CHFJPY been ranging below 144.000 level since 29 June 2022.
I am interested to take short positions instead of longs in this area.
Wait for the right pattern before executing.
Patience is key.
#THEPRIMES
CHFJPY possible short for 140.7022nd August daily inside bar range confined with the previous bar range closed off the low. supply zone area for short 142.50, may short cmp with half risk as well. stop loss 140.40, target 140.70.
GBPCHF,GBPCAD and CHFJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
CHFJPY moving to the downsideLooking to short chfjpy to first TP, potential of it hitting TP 2.
short and sweet
CHFJPY | Perspective for the new week | Follow-up detailsThe JPY still remains the weakest of the major currencies, and that has helped to propel the Swiss franc higher as well. However, from a technical perspective; the appearance of multiple rejections of the 142.200 which shares a confluence with the resistance level of the descending channel identified on the higher time frame. So, I am still leaning towards a bearish bias on this pair.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
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Past performance is not necessarily indicative of future results.
SELL [CHF/JPY] 18th Aug 2022CHFJPY Setup / Analysis
🕐 4hr's Chart
Key Technical / Reason's SHORT
———————————
What is our confirmation?
- Breakout trendline and retest
- Resistance Support level
- Pressure zone
- Pivot and MA rejection confluence
- Ascending Pattern
- Descending Pattern
- The pivot zone
- Demand Supply
- Candlestick Patterns
CHFJPY SHORTAs we can see, CHFJPY is falling from the top (lower high) area of the descending channel in the 4-hour timeframe chart.
CHFJPY has broken the bottom level of the Ascending channel in the 1-hour timeframe.
We taking this trade based on technical analysis and candlestick patterns.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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