Chfjpyshort
CHFJPY's Hello fellow risk-takers.
The pair is still bearish in my books and extremely so!
What is currently happening is retracement that is needed to propel price even further downwards. I expect this retracement to be deep and reach the shaded area of supply zone.
The probability is quite high for price to touch this area of supply & demand imbalance and then nosedive again into a massive selloff.
Happy Trading.
______
*This information is for entertainment purposes only and shouldn't be construed as investment advice.
Trade idea - CHFJPY short opportunityTaking the previous weekly candle as the benchmark and keeping in mind the JPY strength against the USD, we prefer shorting CHFJPY at 120.40/50 levels with 50 to 75 pips TP target.
Possible short in highlighted zoneif the 1.38617, 1.3898, 1.3905 and 1.3909 high are broken, we could have a possible short at the 121.319259 - 121.077055 zone
Near 1100 pips profit for eur/jpy!Small profit for chf/jpy near 1100pips!
Sell
tp@119.164
sl@121.035
If you don't like my signals please don't follow and comment!
Its our business to get profit for friends!
chf/jpy small profit !It seems chf/jpy going up to nearest resistance @120.691 and tp is there.
BUY
TP@120.691
SL@119.608
Having a go to a short on CHFJPY - crazy pairIt looks that this pair keeps selling off everytime it tries to bounce, 3rd one is the charm :D
CHFJPY SELLFrom the CHFJPY setup i shared last week, we banked the 5th wave in the flat continuation pattern(Contracting Triangle) over 100pips... next move i see is a breakout in favor of the bears. GOODLUCK!
CHFJPY SHORTCHFJPY SELL :
TP :GREEN LINE
SL : RED LINE
ENTRY POINT : BLUE LINE
THERE IS A CHANCE THAT THE MARKET GOES DOWNTREND ONCE IT HITS THE SUPPORT LEVEL(BLUE LINE).
BUT WAIT FOR THE CONFIRMATION , WILL UPDATE YA LATER
CHFJPY bearish for 118.50 target #CHFJPY, JPY one year bearish extreme position. 13k shorts removed by professionals by last three weeks. chf one and five year bullish extreme positions suspect weakness ahead. 6k long removed in chf by last four weeks. 12% long removed chf bylast four weeks. 111.70 and 120.25 supply zone for short. stop loss above 120.70 i.e 120.80. Target 118.50
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (119.80).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 119.56
TP2= @ 119. 01
TP3= @ 118.86
TP4= @ 118.61
TP5= @ 118.41
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (119.80).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 47.
Take Profits:
TP1= @ 119.56
TP2= @ 119. 01
TP3= @ 118.86
TP4= @ 118.61
TP5= @ 118.41
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Trade idea - CHFJPY shortA good short entry for CHFJPY will be around 120.45.
This pair is trading near psychological 120.00 and the bears will fight back to bring it down below 120.00 in some freak move in a week or two.
CHFJPY SELLPrice can be seen forming a contracting Triangle currently on the 5th wave which is a clear indication of the bearish trend continuation.
Ascending Structure + Bear Flag continuation after the Breakout.CHFJPY is very clean, I like the HTF Structure and that it looks like we are currently making a HTF Bearish continuation correction which would confirm our reversal bias. Not in a hurry to jump in want to see the structure develop a little more.
CHF/JPY New Short Setup To Catch 150 Pips, Lets Catch It This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
going downI will sell from there if it does go back up around 119.66 fib area, it may also form a nice M pattern if it is not going down straight in the next 24hours. RSI oversold on 1H, 2H and a bit on 4H, so I think it rise now to the neckline and then drop further down.
CHFJPY more room the upsideLast Week CHFJPY tested demand & rallied to the upside breaking the minor downtrend market structure. Currently market is in imbalance between 120.20 & 120.70. My bias for this market is bullish unless it makes a new lower low and breaks the current market stucture. From Daily timeframe CHFJPY seems bearish but last week it failed to make a new lower. So, hopefully with a bullish price action this pair can shoot up to the major supply area to fill out the void of the market before it falls down.
