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Bearish harmonic pattern

Ucef Posted 31 Mar. as Analysis on CHF/JPY, Target: 118.88, Date: 1 von May, 12:00 GMT in #Technical analysis #Harmonic Trading #CHF/JPY #Bearish Signs #Fibonacci Level #Channel Breakout

Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 118.88.
However, if bullish ca…

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Further bullish pressure

Ucef Posted 29 Feb. as Analysis on CHF/JPY, Target: 112.07, Date: 1 von April, 12:00 GMT in #Technical analysis #Elliott Wave #CHF/JPY #Fibonacci Levels #Bullish Bias #Channel Breakout

Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around (weekly EMA 200) at 112.07.
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price t…

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CHFJPY forming a bearish harmonic pattern

Ucef Posted 31 Jan. as Analysis on CHF/JPY, Target: 117.40, Date: 1 von March, 12:00 GMT in #Technical analysis #Resistance #Patterns #CHF/JPY #Levels #Bearish Signs #Support Line #Fibonacci Levels #Retracement #Downward Channel

Weekly analysis
weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance lines at the 118.47 level with a breach pushing the pair further towards the 118.75 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 118.65 level. All in all, the pair remains biased to the downside in the short term on correction.
Daily analysis
CHFJPY is at an interesting level as we’re currently at the top end of what to …

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Bearish harmonic pattern

Further bullish pressure

CHFJPY forming a bearish harmonic pattern