My dear friends, Please, find my technical outlook for CHFJPY below: The price is coiling around a solid key level - 168.64 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 168.08 Safe Stop Loss - 168.96 About Used Indicators: The...
CHFJPY is in extended consilidation phase since March 27 and keep bouncing off of resistence and touching support at clear levels.
Ladies and Gentlemen of the Forex Trading Fraternity. I Submit for your Consideration 5600 Pips of opportunity in the CHF/JPY Currency Cross.
Hello,Friends! CHF/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 166.264...
CHFJPY is ranging since 5th April with no clear series of HH and LL's. one can enter in the trade if range is broken on either sides. Significant levels are marked on the chart. Entries to be taken either at R2 or S2
The pair is range bound for quite some time and can move in either direction. Long and short trade plans are shared with SL.
CHFJPY has reached important levels, under which it is now trying to consolidate. The price corrected by 38% from the last upward impulse. The chart has formed a reversal candlestick pattern Hammer. We expect a rebound from the current level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Overview: In recent analysis, the CHFJPY pair has shown signs of potential upward momentum. However, while bullish sentiment may prevail, it's essential to exercise caution due to the possibility of retracements, or even deep retracements, along the way. Reasons for Upward Momentum: Safe-Haven Dynamics: The Swiss Franc (CHF) and Japanese Yen (JPY) are both...
Monthly timeframe - Bullish market structure - Bullish M not completed yet - Targeting the 172.000 region Weekly timeframe - Bullish market structure - Shoulder 1 of the failed head and shoulders is now being used as support (failed first time break) - Bullish fib got activated - Bullish indicational candle Daily timeframe - Last daily low doesn't break -...
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.
There's quite a lot to unpack on this pair but to keep it simple, im seeing major divergence on RSI daily time frame which is indicating to me that there is a reversal on the way. This does not mean that a reversal is imminent but an 'INDICATION OR SIGN' that it might happen, so im waiting for confirmations on smaller time frames to jump in the game. Im seeing...
8.42pm - 9.10pm learned many lessons today -maybe I should just take 2 trades a day, I have a minor gambling addiction -NO HESITATION PLSSSSSS -stop. trading. after. your. gut. tells. you. to. or. after. you. took. enough. trades PnL: +0 pips - couldve been a +2RR day tho Ill take the weekend to reflect cause I NEED to lock in so bad - distractions while...
CHFJPY is neutral on its 1D technical outlook (RSI = 50.785, MACD = -0.360, ADX = 31.970) as the price action is ranged between the 1D MA50 and 1D MA200. The dominant pattern is a Channel Up however and with the price rebounding on the 1D MA200 (unbroken since March 29 2023) and the 1D MACD has formed a Bullish Cross, we expect the new HH leg to start. Our target...
- CHFJPY is currently moving in range. - No clear trend is defined. - Buy stop and Sell stop orders in place in case of breakout
The strength of CHFJPY rebounds has decreased. The chart came out of the descending channel. The price reached the resistance level coinciding with the 38.2% retracement level. We think that the pullback will take place after the resistance retest is completed. ------------------- Share your opinion in the comments and support the idea with a like. Thanks...
looks like potential bearish move comng up ... if so we will consider exeuting a traing to downside for huge profits!
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
Downtrend Elliot Wave finish. Still waiting for C of ABC to finish with an E.W, that, only takes the chart to reach 300% and higher to make the fifth peak. News are on standby, so it should go according to plan.