CHFJPY has been making easy corrections. Look for a break on the smaller timeframe and then enter. This has the potential to go much lower. See chart update for bigger timeframe analysis.
Goodluck and trade safe!
Looking for confirmation on the short side of this pair. Setting up for the week on the 4 hour chart, showing signs of a short on the stoch and RSI. Awaiting confirmation before entering. Open to further private message discussions.
CHFJPY is the favourite pair for this week as CHF is incredibly weak and JPY seems to be on the verge of a reversal (See links below as to why we're anticipating this)
Looking for a break of trendline and structure and a retest and then riding this down. Big potential for this trade.
Previously posted a chart of CHFJPY where we were looking for a major drop. This could be the first entry for the massive drop we were anticipating.
See links below for the bigger timeframe analysis.
Goodluck and trade safe!
I have been following this pair for a while. It has hit a main resistance line on a 4HR chart and had a few confirmations of engulfing candles and bearish candle patterns.
The current candle patter on a 15min timechart has created a trend which has broke and retested at a 0.5FIB level ready for a sell.
Currently still learning so let me know what you...
We're anticipating JPY strength very soon therefore we are anticipating CHFJPY to drop.
CHFJPY is at the end of the 5th wave. Just a matter of time before it falls. See links below for smaller timeframe charts and how to enter.
Hi guys, due to our lack of activity on trading view lately we've decided that we will reward everyone with a glimpse into todays live trade. This position was executed this morning and is currently retesting our resistance zone. We are hoping to see price retest this area and then carry on in a bearish momentum to reach our Take profit target at 115.366.
Price residing back down at our long term range support level. We've seen CHF bulls sitting at this level providing some resurgence so far today.
Are we going to see a break to the downside this week and price continue to fall?
This has had a big rejection from the resistance level and has continued down to support where it has finally slowed. I expect this to be a brief correction before continuing downwards.
For an entry to a short I want to see this break the support and then retest it as resistance. Then a short can be taken with a target at the next support of 113.819