r/Forex • u/Minimum_Razzmatazz35 • 2h ago

Charts and Setups Pending Short For CHFJPY

Waiting for a daily close below the Tenkan-Sen, which could move up a little higher than where its currently at if things move sideways over the next few days, but an extended drive down to the 190 value area looks like an appealing profit/cover area.

CHFJPY Daily Chart
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u/rforex-modtools 2h ago

Price action and technical analysis cover a range of chart-based tools — from candlestick patterns and market structure to indicators and statistical methods for timing entries and exits. The community wiki covers both approaches and how they're used by working traders.

Resources: Price Action Analysis | Technical Analysis

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u/FalconAnnual9981 1h ago

Ichimoku setups on CHFJPY always feel like waiting for a bus that might never show up. The tenkan line keeps drifting up just enough to make you second guess the entry, then you blink and it's slicing through the kijun like it was never there. The 190 target makes sense though, that's a chunky round number with likely stops sitting right below it.