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Chfjpyanalysis

CHF/JPY 5 ConfirmationsGood day, snipers. In the previous week, CHF was the strongest among the currencies and I presume that this strong move will gradually dissipate. Here in the CHF/JPY, we can see that price recently visited this minor are of resistance. Also, a trend channel is present with the same angle where price bounces off which means that we are having lower lows and now at the resistance zone of the trend channel. Also price has rejected the 78.6 Fib level. Next are indicators. RSI shows clear signs of overbought levels on the 1H and MACD also shows a trailing movement above and has come to converge. I am just waiting for a better bearish candle close. I will send the perfect entry to my students. Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below.
Short
by SniperFXFree
CHFJPY BIG SHORT INCOMING?!ENG - Price reaching our FIB reversal area, having the ex-supportive trendline as an extra resistance, we are expecting a reversal from this area, however, if we get a break we will be looking for an entry at our HH. PT - Preço a alcançar a nossa zona do FIB à qual achamos promissora para um reversal, tendo também a nossa ex-supportive trendline a ajudar como uma resistencia extra, estamos à espera de um reversal nesta area mas em caso de quebra, iríamos procurar nova entrada no HH atual.
by Wevesting
CHFJPY, 4-hour timeframe, double top patternBased on the 4hr chart we could see there is a potential double top pattern on this pair. Previously this pair moving up inside a neat uptrend channel. During the last 3 trading days starting from thursday, friday, and monday, price managed to move below the channel and probably gonna make a lower high. Currently price hovering around 114.30-114.35 area which is the 78.6 fibonacci retracement from the recent drop Sell CHFJPY 114.30-35 Stop loss 114.80 Take profit 1 @113.35 Take profit 2 @112.20 good luck
Short
by HayatoDragonFX
CHFJPY Sell Setup for Swing Trade.CHFJPY Sell Setup for Swing Trade. Sell Zone Range 113.900 ~114.100 Stop-loss 40-50-Pips. Take Profit: 112.000 (200-Pips) Please manage your risk. Use Stop loss. And do not take blind entries. If you have a question let me know. If you want to analyze any pair let me know. This is just an idea. What we see. The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly. If somebody missed the last Sell Trade than we have a second plan you could consider. Previous Analysis Link Also Attached.
Short
by TheCandlesSticks
CHFJPY long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
CHFJPY Bullish Uptrend Movement!!!What we can see now for CHFJPY is a completion of a double bottom formation respecting the support level @113.05. This potentially gives us a bullish outlook as currently we are seeing a bearish retest to the broken resistance level @113.28. I believe we could see a "W" formation forming as it bulls. If not a retest to the trend support level is possible before it bulls. Therefore, as you trade CHFJPY, remember to place your SL well . 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!!!
Long
by YGForex