We've been waiting a lot for this signal! But now, we can reach new heights! We are above weekly and monthly levels! There was a sunny setback, and a nice clean bounce back! Let's go!
After price broke structure with momentum, it began to retrace aggressively. This was to ensure that it takes out all internal structure liquidity that accumulated during the previous expansion. Since the pair has been moving bullishly, the strong low should hold and the high should be taken out as some of the uptrend properties. Price has now approached an...
The CHFJPY pair is trading within a Bullish Megaphone for almost 4 months (since July 12) and is on a rebound on the 1D MA50 (blue trend-line). Technically it priced the Higher High of the Megaphone 2 weeks ago so this should be the bearish leg towards its bottom (Higher Lows trend-line). Especially since the 1D MA100 (green trend-line) broke last month for the...
After price broke previous structure with momentum, it started to consolidate forming what could be seen as something along the lines of a bullish flag or rising wedge. Price is currently above a demand zone that was left behind, with liquidity on both sides of the wedge. Price is unquestionably bullish, so it could use this demand zone with liquidity formed to...
CHFJPY is trading inside a Channel Up, which made on October 3rd the latest Higher Lon on the 1day MA100. The price is already near Resistance A (166.550) and the 1day RSI bullish above the 60.00 level. Buy and target 172.000 (less than the previous -9.60% rise). Previous chart: Follow us, like the idea and leave a comment below!!
Hello There! Welcome to my new analysis about CHFJPY on several timeframe perspectives. The CHFJPY conditions have accelerated to an unnatural dynamic recently as the pair moved into new highs instead of the massive overbought condition and the fact that this main reversal into the bearish direction should have setup already long times before especially...
Soooooo after the bat saga of last week, and the Swiss dropping their interest rates, I have a small buy on the CHFJPY
The CHFJPY pair is trading above the 1D MA50, holding it tightly for the past 10 days. Technically that is the long-term Support trend-line since March 29, while the long-term pattern has been a Channel Up. As long as the price is trading above the 1D MA50, we are bullish, targeting 171.000 (+8.00% increase). If the price breaks below the bottom (Higher Lows...
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Will be looking at h1 to go on long. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on...
The CHFJPY pair has been on a very strong and steady rise, supported by the 1D MA50 (blue trend-line) since the March 29 break-out. Our last signal was on April 28 (see chart below): The situation hasn't changed and the trend remains bullish, aiming at a +8.00% extension. Our target is 171.000. If however the pair breaks below the 1D MA50, we will close it...
In this trading analysis, we will examine the CHF/JPY currency pair and provide insights into the prevailing short-term uptrend bias. Additionally, we will focus on the fundamental factors that indicate weakness in the Japanese Yen (JPY) and support the appreciation of the Swiss Franc (CHF) against the Yen in the near term. Technical Analysis: a) Short-Term...
Being that Price Action (PA) continues to go long, please manage your trades as we take the risk of shorting it from here. SSO1 @ 158.50 ⏳ SSO2 @ 152.60 ⏳ TP1 @ 141.33 (shaving 25%) TP2 @ 131.85 (shaving 25%) TP3 @ 124.90 (shaving 25%) TP4 @ 114.15 (closing ALL Sell Orders) BLO1 @ 111.55 ⏳ BLO2 @ 105.25 ⏳ WE ARE A COMMUNITY BOOST a trade idea to share with...
CHFJPY reached the top of the 1 year Channel Up by exceeding the 2.618 Fibonacci extension and as the 1W technicals turned overbought the last two weeks (RSI = 69.506, MACD = 3.780, ADX = 64.451), it is an indication that we should start selling. During the previous long term correction (September 14th - January 13th) inside this Channel Up, the price had a...
VERY AGGRESSIVE POSITION -SL @ 161.66 🚫 SLO2 @ 161.55 ⏳ SLO1 @ 161.44 ⏳ TP3 @ 161.38 (closing ALL Buy Orders) TP2 @ 161.17 (shaving 25%) TP1 @ 161.04 (shaving 25%) BSO @ 160.85 ⏳ WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and...
CHFJPY is trading inside a Channel Up in the past 4 months and right now turned sideways after hitting the top of the pattern. This is a Higher High sell signal which has a triple level target. Trading Plan: 1. Sell on the current market price. 2. Buy at 157.500 and as long as the RSI (1d) holds the 53.50 Support. Targets: 1. 157.500 (the 0.5 Fibonacci, Rising...