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! ❤️
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!
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...
A harmonics pattern has formed in CHFJPY in the absence of divergence
Short idea today Liqudity levels Short structure CHF weak I looking price 171.300 for start trade SL 171.700 TP 170.000
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Daily - **171.316** is the price point I am looking at. if EOD price holds above it, I will look to buy. Origin - unclear. there is resistance on both ends of the spectrum here so if over here price holds above **171.769** then I will look to enter longs.
On CHFJPY the market has just retested the daily inverse fair value gap, and price closed above them, and now we are waiting for a bull run to the upside
Daily - bullish. looks clean to the upside. but, we have had 6 consecutive long days on this, so a day or two of trading in range will be good for a sustained move upwards. Origin - as long as price holds above the zone **171.913 - 171.497**, we are bullish. if price breaks down, then I will look for buyers to step in around last week's AVWAP. price can just...
A good buy anticipation similar to GBPJP,A very low volume for the seller's Market seems to go UP without any hurdles,Good luck guys
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
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?
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.