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Chfjpyshort

Trading Idea Regarding CHFJPYRight Now this Currency Pair is in Neutral Phase 1- It is making Cup & Handle Chart Pattern on Daily Time Frame Indicating its Bullish Behavior 2-It is Moving in Parallel Channel Chart Pattern on Daily Time Frame and Right Now heading towards bottom of the channel indicating Bearish Behavior 3- When Considering Fibo Levels after breaking 38.2 % Fibo Level Price touches top of the parallel channel and came back down and start moving around 23.6 level So, there are two possibilities at this point either it bounce back and continue moving up or it will came down to retest 38.2 fibo level 4- It is making Symmetrical Triangle Chart Pattern on 4 Hour Time Frame also indicating possibilities of moving in either direction Note: If this pair break above Symmetrical Triangle Chart Pattern it is also possible price plunge down from 126.226 level to 38.2 fibo level which is also bottom of parallel channel by fallowing Quasimodo chart pattern
by Inzamam9012
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (125.43). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CHFJPY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 24. Take Profits: TP1= @ 124. 01 TP2= @ 123.59 TP3= @ 122.79 TP4= @ 122.32 TP5= @ 121.50 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
13
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (125.43). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CHFJPY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 25. Take Profits: TP1= @ 124.01 TP2= @ 123.59 TP3= @ 122.79 TP4= @ 122.32 TP5= @ 121.50 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
7
CHFJPY Correction Incoming!CHFJPY has met it's long term upper trendline, is showing oversold on the Daily RSI, 4H and 12H, and even the weekly RSI is at 69.98. We also see strong bearish RSI divergence on the Daily. JPY has been the biggest loser of the major currency pairs in the past month and in fact the past year, but for shorter term outlooks JPY looks due for a correction against a number of other currencies and my targets of choice are CHF and possibly USD. This is NOT financial advice. You are responsible for your own trading decisions. ** Like and follow for more content like this! ** Let me know what you think in the comments below!
Short
by HayeTrading
1