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
Hello Traders ! On The Daily Time Frame, The CHFJPY Price Formed a Rectangle Pattern. So, Let's Expect The Bearish Scenario📉 If The Market Breaks The Support Level and Closes Below That, We Will See a Bearish Move... TARGET: 167.450🎯
💵Pair Name CHF/JPY Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Short ) Mid Term Type : Mid Term Swing —————————— Bearish...
CHFJPY is trading at the sell entry, price could break out and fall to take profit level. Sell entry is at 169.819 which is pullback support level. Stop loss is at 171.397 which is a pullback resistance. Take profit is at 167.311 which an overlap support that aligns closely with the 61.8% Fibonacci retracement. High Risk Investment Warning Trading Forex/CFDs...
The price perfectly fulfilled my last idea. It went up and hit the target level. The price is overall in the range zone on the 4H timeframe, and it is testing the main support level. The market bounced off the key support level at 170.000. I think the price may rise from the support by grabbing liquidity below the key level. I look for the price to pull back and...