Hi, According to my analysis of CHF and JPY, there is a good selling opportunity. We note that the pair broke the support at the level of 164.590. With a very large red candle. It also broke the moving average 200. The price bounced from the area but was unable to breach it. A descending channel has formed, indicating that the market is for sale. Good luck everyone
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Welcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
For this pair Im seeing 2 scenarios, of where price could possibly turn, it can go further upalso to sweep the liquidity on top, so dont rush to sell when it reaches the highs
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 165.42, which is an overlap resistance that aligns with the 38.2 FIbo retracement. Our take profit will be at 164.22 which is an overlap support level. The stop loss will be placed at 166.17, which is a swing-high resistance level. High Risk Investment Warning...
As we are in good up trend in CHFJPY there is a great high probability where we can expect it to make a New High. I feel we have done the retracement part now price should rally higher.
Finally, CHFJPY broke the upward channel and firmed a triple top pattern. On my view, its nice time to short this pair. Trade safe. Good luck.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Today I present to you my Short ideas for Swiss Yen! Last week we had a bearish leg occur breaking to the downside break lows of the range we were in. Now we can look to follow the bearish trend, so I would suggest stops ways above the high but look closer in where we are at now twitch internal structure, there will be potential opportunities to get better...
Although price is in a range, I see the price has broken trend and is starting to show signs of bearish price action. I’m looking on lower time frames for possible support turned resistance at around psych level 165.500 will update with lower timeframe perspective. Above 165.500 I wouldn’t be interested in sells.
Entry : 165.400 SL : 165.830 TP : 163.250 RRR : 1/5 Every trade has risk!! So please set SL with your own caution and always follow my orders at Tradingview !! Support Broker with me in the Bio section
CHFJPY after more sanctions and fors - major situation and natural disaster jpy index fly to the mooon >>>> i am waiting 165.437 touch and 2 nd with r2 touch 165.700 price. minimum time and break trend 1m and 5m time frame. well done! have you nice day. Happy JUMA!!!
Initiating a CHF/JPY sell trade with a target at 165.3300. The analysis suggests a potential opportunity in this direction. Stay patient, it may take a couple days. #ForexTrading #CHFJPY
📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern. 📈 How to Identify: Draw a trendline connecting at least two lower...
A "channel," in the context of trading and technical analysis, is a chart pattern that forms when the prices of a financial asset move between two parallel lines, creating a kind of corridor or channel. There are two main types of channels: an ascending channel and a descending channel. Ascending Channel: This channel forms when prices have an overall upward...