DAILY - Price went to daily zone of interest (SD) - Rejection candle / doji - Bearish MS WEEKLY - Bearish W / HS/ IC - SD zone 4 HOUR - Head and shoulders
The price perfectly fulfilled my last idea, and it went up towards the resistance and hit TP. The price is overall in the range phase on the 4H timeframe, and currently it is pulling back to resistance after a massive sell-off or impulse leg. I think that the price might fall from the key resistance zone around the 170.000 and upward trendline as well as the upper...
Pair: FX:CHFJPY Timeframe: H4 - Medium Term (MT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Price action may face some resistance from a previous support line - Price has retraced to 61.8% Fib Retracement Level - Aiming for the lower Support trendline from the mid of...
The CHFJPY pair's recent price movements suggest we may be looking at the onset of a bearish Elliott Wave. The formation appears to have completed an impulsive wave (3), followed by a corrective wave (4), which has retraced to a classic Fibonacci level. If this pattern holds, wave (5) might take the pair further down, potentially creating a SHORT opportunity. The...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CHF/JPY is exhibiting strong bullish momentum and could potentially rise above a breakout level to climb higher. Buy entry is at 169.56 which is a breakout level ( wait for the 1-hour candle to close above 169.56 for confirmation ). Stop loss is at 169.00 which is a level that lies underneath the 23.6% Fibonacci retracement level. Take profit is at 170.14 which...
1. Price Above 2 MA's 2. Price Above 200 MA 3. Nice bullish momentum candle 4. Currency Strenght Meter Confirmation 5. Trend Following Indicator Babypips Confirmation 6. PSAR Signal 7. JPY News Tomorrow as possible Catalyst 8. No strong resistance area above 9. Babypips BUY/SELL Confirmation 10. Stop Losses from Breakout traders taken on Lower Timeframe - M15 11....
Last week's "Chart of the Day" highlighted the JPY futures (6J) as they were breaking down through wedge support. This has taken place, and now intervention talk is louder than ever. As this has happened, the risk for intervention has indeed increased and with the CHFJPY, it may pose a better risk/reward for fresh short positions (or long JPY). The Swiss National...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CHFJPY formed an ascending triangle formation last week. Yesterday, the price bounced and formed a high momentum bullish candle. It managed to break and close above the neckline of the pattern. The pair may continue growing. Next goal for buyers will be a falling trend line. ❤️Please, support my work with like, thank you!❤️
Hello Traders ! On Wednesday 27 March, The CHFJPY Reached The Support Level (166.798 - 167.394) and Failed To Break it ! The Price Formed a Double Bottom Pattern. Currently, The Neckline is Broken ! So, I Expect Bullish Move 📈. TARGET: 169.220🎯
Hello traders! ‼️ This is my perspective on CHFJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement and rejects from trendline + S/R zone + institutional big figure 168.000. Like, comment and subscribe to be in touch with my content!
CHFJPY is trading in Bullish trend with no divergence at top secondly at 0.618-0.78 fib support AND At horizontal support and making HL place buy with risk defined below Last low
Certainly! Here's an explanation based on the previous analysis of the CHF/JPY pair: In our previous analysis of the CHF/JPY pair, we identified a potential shift in momentum amidst a triple top formation. The analysis highlighted that despite the formation of three tops, the third one did not result in a breach of the trend line. Instead, there was a retest,...
The analysis suggests that the CHF/JPY currency pair may be undergoing a shift. Despite forming three tops, the third top did not lead to a breach of the trend line. Instead, it was followed by a retest. If the 1-hour candlestick closes without indicating a selling trend but instead ends with a high close indicative of buying momentum, the probability of a bullish...
CHFJPY successfully broke above the neckline of a flat top triangle pattern on a 4-hour chart and closed above it. This signals the strength of the buyers and suggests a possible return to a bullish trend. The next targets for buyers are 169.33 and 170.03.
Opened a short position returning to the support zone at 161.109 as a corrective measure. While the yen initially displayed weakness, it is expected to regain some strength and approach this area within the next 24-48 hours. Utilizing low risk and low leverage, with risk management always in place. Will provide updates if there are any changes.