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CHFJPY trade ideas

CHFJPY Will Go Down! Short! Take a look at our analysis for CHFJPY. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 170.790. Considering the today's price action, probabilities will be high to see a movement to 169.630. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Lingrid | CHFJPY short from KEY RESISTANCE zoneFX:CHFJPY is currently in a significant bearish trend, fluctuating just above the psychological level of 170.000. I believe that if the price fails to break through the resistance at 173.000 and the upper border of the downward channel, there is high chance the price continue to moing downwards after taking liquidity above the previous day's high. I am anticipating that the price to pull back to the support level from the resistance zone, as it has respected this resistance in the past by rebounding from it. My goal is to support level at 169.580 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
CHF/JPY 1D SHORT - 200EMA targetDear All, This idea is based on few key indicators of the price overheat and early signs of reversal- 200daily EMA hasn't been in contact for a long long time, RSI overbought also the divergency as can be seen. I have estimated the profit to loss ratio at 1:5 lets see if I'm right, you're welcome to copy at your own risk as this idea is just an idea and I do not advise only share my thoughts! Also do not forget to risk only as much as you're able to loose otherwise it can hurt, hence s/l and close your position manage your finance wisely :)
Short
by lb-counts