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Chfjpyshort

CHFJPY - Rejected at 118, 10 times since 2018As the weekly chart shows, this pair has been rejected multiple times at the resistance zone located between 118.80-116.70 region since early 2018. The best entry was a week ago, but I am hoping for a retracement to about 116.80 or higher that will give me a good entry next week. Target can be located at support below in the low 114 region. This could be a +3.2R trade, but it requires some patience to see it through this low volatility holiday period. If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.
Short
by Trading_Vista
2
Short Opportunity For CHFJPY!!! Retest Candle...As we can see, 117.62 price level has been a strong resistance line for CHFJPY with 116.55 price level resistance level being a weaker resistance. We managed to see several breakout of 116.55 resistance level which eventually tested 117.62 price level where there are several rejections off that level. As of now, what we managed to see is a rejection off that resistance line moving back 116.55 price level. Today's candle was more of a retest candle which retested the resistance zone (red area) before further bearish continuation. For now, I will be seeing a potential short opportunity to the support zone (green area). Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
3
CHFJPY Inversion Confirmed after a DOUBLE BOTTOMTECHNICAL ANALYSIS: -The price was moving in uptrend, strong volumes, high volatility and momentum confirmed this big movement, once it reached the resistance zone at 113.290, the level rejected it twice, make the market falling down. -The price then bounced two times on the support level at 113.802, creating a clear DOUBLE BOTTOM Pattern. During the second bounce, the price was oversold and accumulating a strong momentum, in fact it started going up failing the retest of the same support. -The price actually is not strong enough to carry on, it started an inversion and it seems to be confirmed by 3 clead DOWN BARS. CONCLUSION: I aspect the price falling down for at least 100-120 pips, monitoring also the H4 time frame we can see that the price broke the Ema 50, restesting it. let me know if you like my idea, leave a LIKE, COMMENT AND SUBSCRIBE for more FREE Analysis like this! trade safe! Gianni
Short
by FXtrades-gp
4
Possible trend shift in CHFJPY – going shortThe Tidal Shift Strategy has just sold CHFJPY at 116.748. The system recommends entering this trade at any price between 116.598 and 116.898. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -2.784, which suggests that the CHFJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.12, so the stop loss has been set at 117.349. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 74357 Time Issued: Wednesday, 16 December 2020 08:00:16 GMT Status: open Entry: 116.598 - 116.898 Limit: N/A Stop Loss: 117.349 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Short
by FXCM