Short idea for CHF/JPY as price has reached an area of resistance at the 117.15 level. Following confirmation of bearish rejection at this level as well as signals from the MACD and RVI, I will take a short position. Price will likely return to support at 116.30 where I will close and take profits. (Caution at the 200 day EMA where this may act as support).
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Hello traders so as we see the chfjpy will be falling as the analysis suggest for quite some time now it has been ranging and respecting the trendchanel so for the upcoming week, we also see that the 2 hour rsi and the macd are showing sign of selling strength so it all makes sense with our analysis. it will be falling as the jpy rises and just like the pivot...
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : CHF/JPY ⚪ Technical Analysis : In the weekly time frame, since October 2019, the price has been moving following a clear...
Waiting for a clear breakout, there's still the possibility of price going up to create the 3rd touch.
The market has been ranging since December 2020. In which the price failed to break above the major resistance level (shown by the green square) multiple times since 2016, making it highly unlikely for the price to break this level. Due to the possible double bottom being formed I expect the price to test the major resistance level, then fall until it reaches...
Please like, comment and follow. Price is at a resistance zone which has been tested multiple times in the past. Price is generally in a consolidation. Price is expected to go lower at market open.
price is at consolidation if it breaks one the line I will be looking for a very nice opportunity
CHF/ JPY im expecting a down move good luck
Sellers this is an opportunity to ride the flag pattern down. If trade goes according to idea chfjpy would finally break that major resistance at around 118.000 and continue going upwards. Great swing trade idea. Any disagreements, leave a comment below.
Frequent rejections and respecting of resistance. Tight SL if the trade is to be taken, would wait for another bounce or a retrace back.
CHF JPY is at strong resistance area and rejected multiple times and now gaining bearish momentum to go down to mentioned Fibonacci retracement areas which are also supported by moving averages. look for bearish confirmation on lower times frames and enter short with your own money management Patience is the Key
- Price is currently in this zone, it is near the monthly resistance and it seems to be losing momentum and unable to reach the monthly level. - Price is around the pinkish zone which also seems to be a pretty reliable zone. - Price broke the intraday trendline which also shows that it is losing its momentum. - However, there is no trade yet, we would need...
Price taking support on daily 200 days MA and consolidation after box breakout, provides some indication of bullishness of pattern. However, trade shall only be triggered on breakout of upper channel boundary.