This can be the possible bullish move for CHJPY after mitigating this POI. The Setup is valid on 15 min time-frame. Look for LT confirmation before Entry.
Hello,Friends! We are now examining the CHF/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 167.914 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello traders! ‼️ This is my perspective on CHFJPY. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I expect for now bearish price action after price filled the imbalance and rejected from bearish order block + institutional big figure 170.000. Fundamental news: This week on Friday (GMT +3) will be released...
Intraday Bearish Bias: After the price closed below the support level on a 4H time frame, am expecting the price to drop to (168.00).
Based on the latest technical analysis for the CHF/JPY H4 (4-hour) chart, here's a bearish perspective: *Moving Averages:* - The *Simple Moving Averages (SMAs)* and *Exponential Moving Averages (EMAs)* are indicating a bearish trend with the price below key moving averages. - A *death cross* may be forming, where a longer-term moving average crosses above a...
Chfjpy is currently stalling at 169.718 region at which if we see chfjpy breach 169.293 and we see a pull back to the key level on the chart, i see chfjpy dropping.
Demand zone with a bearish FVG and a trend line. Waiting to see if the demand hold for a buy up to the 170.500 area
Hello,Friends! The BB upper band is nearby so CHF/JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 168.378. ✅LIKE AND COMMENT MY IDEAS✅
LIGHT AT THE END OF THE TUNNEL FOR THE YEN? With lots of news on intervention, could this be a turning point for the yen in the coming week, month? Some bet on the yen strengthening next week for me.
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
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.
Waiting for a possible entry. Looking at the recent movement , price has been making higher highs and higher lows on the daily time frame. Chart patterns like Harmonic Bat pattern and AB=CD pattern could be a likely confirmation for our bias. Waiting for price to retest our recent support at 167.078
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Let's see what happens further on this level (lower trendline). Touched trendline and bounced off. Could mean a reversal in the looks with that doji candle.
FX:CHFJPY Trading Forex and other financial products with leverage is highly risky and can result in substantial losses. Trading in the market may not be suitable for everyone. You need to be aware of all the risks and seek the help of independent financial advisors if you have any questions or doubt
FX:CHFJPY Trading Forex and other financial products with leverage is highly risky and can result in substantial losses. Trading in the market may not be suitable for everyone. You need to be aware of all the risks and seek the help of independent financial advisors if you have any questions or doubt
It seems the situation is tie for Frank!!! I expect to see a correction wave...