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
CHF-JPY is going up in a rising narrowing wedge
It has retested the horizontal resistance level at 133.220
Which makes me bearish on the pair
But we can go short only IF
We see a bearish breakout from the wedge
If the resistance is broken to the upside
The setup is invalid
#CHFJPY
CHFJPY is moving in the Symmetrical triangle pattern and the market has reached the Top area of the pattern. It seems to be interesting zone here if again rejected we will have a good sell. else there will be buy move good area for look out. wait for rejection or confirmation.
CHF-JPY are trading along the long-term bullish channel
The pair retested at 124 . areas
So I think we'll see a revival
And the rise of the current support
to higher levels 128.1
Hello traders. I expect that when the price reaches the designated area, it will enter the third wave of correction, in which case there will be two targets for it. The Risk to Reward is also attractive. Be profitable
Educational Analysis says CHFJPY may go LONG. According to my technical.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why long?
On 4HR AND 1HR timeframe pair is making HIGHER HIGH AND HIGHER LOWS.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS
HOW TO TAKE ENTRY ON THIS?
On 15 min timeframe, pair broke the small...
This is CHFJPY 1H timeframe analysis, i am seeing that it will go back down to the downside after the rally to the upside last week, i a, considering some fundamentals that we have this week also remember to trade with a good risk management.
Right Now this Currency Pair is in Neutral Phase
1- It is making Cup & Handle Chart Pattern on Daily Time Frame Indicating its Bullish Behavior
2-It is Moving in Parallel Channel Chart Pattern on Daily Time Frame and Right Now heading towards bottom of the channel indicating Bearish Behavior
3- When Considering Fibo Levels after breaking 38.2 % Fibo Level Price...
This is CHFJPY 4H timeframe analysis, as you all can see that this pair has started a new trend to the downside and right now it has made a retracement to the previous broken structure, so now i will be expecting the market to continue the move to the downside.
We can easily expect the creation of a higher high
Monthly:
We have an impulse and correction respecting precious resistance now turn support. When we have an impulse and correction we can definitely expect another impulse.
Weekly:
In weekly we have an impulse correction pattern. Also price is respecting .50 fibonacci level. We could expect a creation of a...
Like most Jpy pairs, November was a correction month also for ChfJpy(so far) and the pair dropped from its 125 recent high
An H&S pattern is pretty obvious on lower time frame charts, but in my opinion, this will not pay off.
A short dive under this H&S support is not out of the question, but in the medium term, my opinion is that we'll have a new leg up above 125
A wave of correction is evident in the time frame of 4 hours of positive divergence I predict the price will correct 50% of the previous fall to prepare for the fall again
