CHFJPY moved out of the channel and is pulling back to test its border. The market is consolidating following a sell-off on the higher timeframe. We expect further consolidation until new trend is confirmed. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
CHF-JPY is going down now And the pair has formed A bearish flag pattern Then made a bearish breakout Which confirms my bearish bias And I believe we will see bearish continuation
After testing its highest point since 1980 - just right above the 151.00 area last week, the CHFJPY lost over 600 pips to signal a risk of further decline as projected in my previous analysis on this pair (see link below for reference purposes). Will the BoJ's intervention in the FX market signal a boost for the Yen in the coming week(s)? This video illustrates...
Hello Traders, In this week's trading session we will be monitoring CHFJPY for a Sell opportunity in and around 146.200 trend break area. Once we get a bearish confirmation the trade will be executed and shared with our premium members . - RISK DISCLOSURE TRADING IS NOT SUITABLE FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS...
A successful breakout of the supply zone at the 144.00 area at the beginning of this month incited a strong bullish momentum. However, the character of the price movement during the course of last week's trading session insinuates a possible decline in the momentum as the reversal pattern evolves after multiple rejections of the 150.600 area. In this video, I have...
The CHFJPY pair has been pulling back after the September 13 High, following the impressive rally since the August 02 low. This pull-back is taking place after the 1D RSI broke the 80.00 heavily overbought barrier. On this 1D chart, you may notice that especially since October 20, 2021, every time the 1D RSI got heavily reversed upon breaking the 70.00 level, the...
CHFJPY (4h) has formed a strong bullish price action. there has been double Doji with a wickless bullish engulfer. As the long-term trend is bullish, the price currently tests this important liquidity zone as support and getting rejected. A buy trade is highly probable. Thank you for visiting the idea, press the like button if you enjoy this content :)
CHF/JPY Buy... Dont risk more than 3% of ur account. * High risk...
The JPY still remains the weakest of the major currencies, and that has helped to propel the Swiss franc higher as well. However, from a technical perspective; the appearance of multiple rejections of the 142.200 which shares a confluence with the resistance level of the descending channel identified on the higher time frame. So, I am still leaning towards a...
The JPY is the weakest of the major currencies, and that has helped to propel the Swiss franc higher as well. However, from a technical perspective; a breakdown of the ascending channel identified on the 4H time frame, are we going to be seeing a downtrend continuation this week? Risk Disclaimer: Margin trading in the foreign exchange market (including commodity...
The CHFJPY pair has been trading within a Channel Down since the June 29 High being at the moment near its Lower Highs (top) trend-line. This is an ideal sell opportunity on a tight SL targeting the 1D MA100 (green trend-line), which has been the MA support since the October 08 2021 break-out. As a result only a closing below it, can justify further selling, in...
CHFJPY is consolidating at the resistance zone. Price action created a false break. We might see a sell off. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
The CHFJPY pair continues to be on a heavily bullish trend since the start of the year. The pull-back since the June 29 High, hit on Friday the Higher Lows trend-line (1) that started in May and is so far holding. As long as it does, the short-term trend is bullish towards the 2.5 Fibonacci extension and 146.000. A break below the Higher Lows (1) should...
CHFJPY Sell - Head & Shoulders pattern has formed with price having broken neckline and at a level where it is re-testing neckline which makes it a higher probability set up.At present price seems to be reacting to neckline. Entry: 140.000 Just at the neck line Stop Loss. 140.823 Above the neckline and at above recent support resistance area. If price takes...
Hello Traders, I am seeing a beautiful reversal on CHFJPY 1Hour Timeframe. You can easily identify a breakout structure happened. It's clean and easy to find. You jump on the 5 minute timeframe and find a perfect entry. You can easily achieve 1:5 Risk to reward ratio on this trade. Do let me know your thought about the setup? Best Om
The CHFJPY pair has done brilliantly since our last analysis, giving a perfect sell and then rebound at the bottom of the Channel Up: Right now the price is approaching the top of the Channel so it is best that buy profit is taken. A break above the Higher Highs trend-line of the pattern at 138.500 would be a buy continuation signal. If rejected though, it is...
CHF-JPY has hit a resistance cluster AT 131.867 And we are seeing a bearish reaction Now we have to wait for confirmation breakout Secondary uptrend and then we can short the pair On the pullback and retest of the broken line
With the significant growth of 10% since February 2022; the Swiss franc can be said to be the dominant currency during the first quarter of 2022. We have two scenarios to work with as the possibility that a trend continuation to the upside is feasible and at the same time there is a possibility that a breakdown of the key level at the 132 area could be a...