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Chfjpyshort

CHFJPY, ready for some dumpsFrom a technical point of view, Price has just manipulated early sellers out of the former support turned resistance at a level just before the daily break of structure to the downside. After the the high manipulation, we can see a clear structure shift to the downside; ( Further confirming the bears strength) The most logical thing to do now is to Position for sells tomorrow, And I have marked out a 15min timeframe POI, where I will love to see price manipulating early sellers out again before continuing to the downside. From last week JPY COT report, we see that commercial institutions are adding more long positions and closing their sell positions! That is an indication that the JPY is getting stronger and and currencies paired against it are going to see some massive sells to the downside! Looking forward to what this idea yields. Feel free to comment you opinions!
Short
by BrokerNightmare
CHFJPY will continue its bearish move -200 PIPS OPPORTUNITYCHFJPY is in a downtrend and is expected to continue it, with a bearish engulfing candle on H4 it provides a confirmation , there are two possible scenarios in this case. Scenario #1: it will continue its bearsih move. Sell CHFJPY if H1 closes below 139.35, take profit: 137.50, stoploss: 140.80 Scenario#2: pair might retrace an test trendline resistance around 140.20 area. Sell around 140.20 area , takeprofit: 137.50, stoploss:140.80
Short
by tuahawaqar
CHFJPY - Sell - Head & Shoulders PatternCHFJPY Sell - Head & Shoulders pattern has formed with price having broken neckline and at a level where it is re-testing neckline which makes it a higher probability set up.At present price seems to be reacting to neckline. Entry: 140.000 Just at the neck line Stop Loss. 140.823 Above the neckline and at above recent support resistance area. If price takes out this stop, can look for re-entry if setup is still valid. TP: 136.845 I have set various key levels to take profit, the last take profit being at a level which meets a recent area of support and also in the zone of the distance between head and neckline.
Short
by dinomalik
2
CHFJPY AS I TOLD YOU BEFORE!!Hello traders! CLICK THE LINK BELOW TO CHECK MY PREVIOUS ANALYSIS ON CHFJPY & HOW I PLANNED THE EXECUTION. As I posted before on CHFJPY : CHFJPY Reached a mass psychology since Jan 2015 at 138.917 area. Will be waiting for a reversal pattern as an ascending channel forming currently + breakout to execute a short position. Patience is key on this pair & do not rush your trade. Be relaxed since the price is in a great area. On 30 June, I took a 15 mins bearish flag (short position) and moved to breakeven when the price reached 142.208 (touched the lower TL of the 1H chart). I am currently running at 11% and will consider locking when the price reach the lower rejection line / trendline (139.157 - 138.560 area) Patience is key. #THEPRIMES
Short
by alex_k_95