We have created LL and HL from this downtrend in the high timeframe. We expect the market to continue this parallel structure.
CHFJPY 4HR Analysis + Trade Idea by OfficialKieranTrewick Looking for a 4HR fractal pivot rejection off 170.750-171.000 to provide good entries for shorts down to 169.500 - 167.000, The daily trend is very strong with chfjpy ongoing since 2021 and with multiple recent rejections off the latter side it seems it may be loading up for the surge into ATNH but with...
Hello,Friends! Previous week’s green candle means that for us the CHF/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 168.960. ✅LIKE AND COMMENT MY IDEAS✅
CHFJPY currently finds itself in a distribution zone, characterized by a sideways market condition. Notably, there was a recent false bearish breakout below support, signaling a strong upward move. Despite this, there remains an expectation for a bearish breakout on subsequent structure, as we anticipate a corrective leg following the recent bullish trend.
trend is bearish printing new LH and LL retraced to 0.78 expecting to go further bearish from channel top instant sell
looking at price action we might sell till the 4hr demand
There is an upwards channel on the high timeframe for this pair, high chance of upwards movement from any of the three entry points on the chart. I will be scaling in a small amount on the higher risk entry, allowing for some expected drawdown and then adding more at the other entry points.
So here's a freebie, hope you're all well and profitable. Any questions about this forecast please send me a direct message. The Elliott Wave labelling is straight forward but there is no such thing as a stupid question.
CHFJPY -@monthly highs _new weekly high(once we get closure above 170,534) _As seen in previous Bearish Legs (HH) when a new HH is formed a consolidation period begins before any bearish movement to the downside #BYKCAPITAL #LETSEAT
chfjpy 16-20 FEB Stong buy trend for month, wait for retracement level
London session started by grabbing some sellside but not all of it which results in a lot of liquidity at buyside, its intention is to grab sellside properly then itll transition its intention to getting the buyside it manufactured.
CHFJPY has currently reached our point of interest which was created after clearing the external range liquidity now we will be targeting 165.000 SL: 171.375
CHFJPY has broken out of the ascending triangle it has been forming for about 8-9 weeks. Momentum is purely on CHF side, even though 10 year yield spreads are moving lower between Suisse and Japan. It's hard to say whether Japan will ultimately get off the negative interest rate environment. Spring wage negotiations have become so will have to wait. Technically...
I have entered a short position on CHFJPY after the price bounced off a key resistance zone. After conducting a thorough analysis of the CHFJPY chart, I have identified a compelling opportunity to enter a short position. The price action recently experienced a bounce at a significant resistance zone, characterized by a concentration of sell orders. This area...
CHF/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 170.195 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 169.906 Why we like it: There is a pullback support that lies underneath the 38.2% Fibonacci retracement...
Long or Buy opportunity Cup and Handle Pattern Look to ride the wave up Continue to push the uptrend