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Chfjpysetup

CHFJPY- Short Idea Hello Traders, Hope you are having a profitable week. Earlier this week we anticipated a short for most yen pairs preceding the news that is expected to be released by the Bank of Japan this Friday during the Asian session. We are anticipating a further drop in most Yen pairs this week of about 1000 pips or more. We had our entries from a great level and continued to scale in our position further to capitalize on the drop. looking forward to see how this trade plays out. Let us have an amazing week ahead ! God Bless, ETGL Team <3
by Eleventgl
CHFJPY ShortHello traders, trust you had a great week, here we come again. And from my watch list, i've analyzed CHFJPY for the week as we look forward for potential pull back from the resistance zone. Right from the daily time frame to 1hr time frame, there is a clear indication from the 200 SMA with a confirmation of 61.8 fib level against the up trend which shows a significant support level and we are waiting for a pull and a short position @ 131.300 and take profit at 38 fib level. Thanks
Short
by forexjet_
CHFJPY | Perspective for the new week With the significant growth of 10% since February 2022; the Swiss franc can be said to be the dominant currency during the first quarter of 2022. We have two scenarios to work with as the possibility that a trend continuation to the upside is feasible and at the same time there is a possibility that a breakdown of the key level at the 132 area could be a consequence of the reversal pattern identified on the daily time frame which might incite a retracement wave into the buy opportunity zone at around 128 where we shall be looking forward to the beginning of new bullish momentum. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
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