Looking to sell on CHFJPY. Price has reached significant levels and showing signs of a reversal, this could be a great trade and multiple entries with confirmation.
Waiting the last movement up to put a beautiful short. We have to option os risk: reward 1:2 1:1 O you put the trade in breakeven in 1:1 and leave the price continue moving down. Blessings At the end of the day remove the pending order if it has not entered. thanks.
Butterfly (Bullish Harmonic Reversal) Pattern in CHFJPY observed in 4 hour time frame. The pattern is complete at point D (potential reversal zone), resulting in bullish trend reversal. This bullish can be used to take long position.
The analysis of the CHFJPY chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! CHF-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 169.201 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the CHF/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
Divergence has formed here, making a trend reversal more likely.
Sell positions are entered when a valid Daily rejection is formed and confirmed on the H4 timeframe when testing the supply area of 171.33-172.29. The selling opportunity this time will capitalize on the potential weakening of prices when testing the supply area. For further clarity, please refer to the explanation below. CHF/JPY Daily Level: Supply...
CHFJPY price is near the resistance zone. 171.21-171.48 If the price cannot break through the 171.48 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
A harmonics pattern has formed in CHFJPY in the absence of divergence
Based on the latest technical analysis for the CHF/JPY pair on the H4 (4-hour) chart, here's a bullish perspective: 1. *Support Levels: The CHF/JPY pair has shown support around the **167.450* level, indicating a strong base for potential upward movements³. 2. *Moving Averages: The pair made a breakout above the simple moving average 30, which is a bullish...
Daily - neutral. we have a no man's land as long as the price remains in the zone - **171.613 - 167.359**. if we break out of this zone and price holds, then we can look to get involved. Origin - looks bearish. as long as we remain below **169.654** bias will be bearish here. once price falls below **168.130** any short position shall be closed as we will be...
Bullish Confluences in Price 1. 0.79 fib retracement 2. Bounce off the 100 Moving Average 3. Daily FVG (fair value gap) 4. an indecision candle stick pattern these confluences are indicative of a bullishness in the CHFJPY pairs,and we can expect to see higher prices on this pair in the lower timeframes
Currently trading below the daily SMA in an uptrend, waiting for price to show signs of a reversal in the daily structure by testing or crossing the SMA prior to what would appear to be phase d of an accumulation structure on the daily or 4 hour timeframe. #Wyckoff #TapeReading Wyckoffian Trend Analysis
Hello TradingView community, We are examining the CHFJPY pair on the 4-hour chart, where Elliott Wave theory presents a promising long opportunity. After a significant upward movement marked by an impulse wave sequence, the price has retraced in what appears to be a corrective wave. Currently, the pair seems to have completed wave (a) of this correction and is...
CHFJPY is in strong bearish trend. As the market is consistently printing new LLs and LHs. currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL. What you guys think of this idea?
In this CHFJPY 1-hour chart, Elliott Wave Theory suggests a promising SELL opportunity. The chart displays a completed impulsive five-wave sequence culminating in a peak at wave (5), followed by an apparent initiation of a corrective phase. The price movement has already formed wave (a) of the corrective phase and is now seemingly in the midst of wave (b), which...
Formation of ending diagonal/rising wedge on CHFJPY with a clear cut rejection. Wave 'B' is completed and is prepared for wave 'C'. Goodluck.
Update on the YEN. I believe in a few weeks Price would hit "main" upper channel (trend) line. Just bouncing off the dotted upper trend line. Will update as it makes progress.