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Chfjpy!

20 reasons for Sell CHFJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: 1979 to 2023, about 40 years double top 2 📆Monthly: A clean uptrend but now in the corrective mood 3 📅Weekly: structurally market is in downtrend 4 🕛Daily: a clean downtrend toward monthly retracement targets 😇7 Dimension analysis 🟢 analysis time frame: daily 5: 1 Price Structure: bear 6: 2 Pattern Candle Chart: flag 7: 3 Volume: biggest bearish volume 8: 4 Momentum UNCONVENTIONAL Rsi: Sideways 9: 5 Volatility measure Bollinger bands: middle band retracement 10: 6 Strength ADX: bears are in strength 11: 7 Sentiment ROC: joy is in strength ✔️ Entry Time Frame: H4 12: Entry TF Structure: bear 13: entry move: waiting impulse 14: Support resistance base: imbalance area 15: FIB: trigger event fill occurred ☑️ final comments: sell 16: 💡decision: sell pending order 17: 🚀Entry: 142.490 18: ✋Stop losel: 144.970 19: 🎯Take profit: 134,570 20: 😊Risk to reward Ratio: 1:4 🕛 Excepted Duration: 10 days
Short
by Optimum369
CHFJPY Bearish long-term within a Channel Down.The CHFJPY pair finally hit our 1D MA200 (orange trend-line) sell target as suggested by the previous analysis two months ago (November 07): By doing so, it has turned bearish long-term by forming a Channel Down pattern. There is an internal Lower Highs trend-line involved (dotted) and if broken (along with the 0.236 Fibonacci), we expect the price to test the 1D MA50 (blue trend-line) and seek direction on the 1D MA100 (green trend-line), which has been its long-term Support during the October 08 2021 - November 11 2022 uptrend. A rejection there maintains the downtrend and targets the bottom of the Channel Down and 1W MA50 (red trend-line). A break above the Channel Down invalidates the pattern. A break below the Higher Lows trend-line (since the September 20 2021 Low) targets the lower Fibs long-term (0.5 through 0.786) in succession, which as you see formed strong pressure zones during the uptrend. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
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