i believe CHFJPY is gonna keep going down, simple trading is the way, no complex deep analysis or indicators
Hello traders! ‼️ This is my perspective on CHFJPY. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I wait price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + trendline. Fundamental news: Next week on Thursday we have monthly CPI on...
Quick one on CHFJPY --- Monday will be the start of a new month 1st of April 2024, new monthly candle will form and i'm expecting two things.. for my buys i will wait until there's a break and close above $167.993 and my entry will be executed for a target towards $168.733 area. for my sells i'm expecting the price to drop below 167.570 area break and close...
What do you guys think? Price just touching an IFVG on higher timeframe.
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry . This is my opinion, not for any signal service. Good luck.
Here is our detailed technical review for CHFJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 167.427. Considering the today's price action, probabilities will be high to see a movement to 168.320. P.S The term oversold refers to a condition where an...
Hey Traders, The Swiss National Bank eased today from 1.75 % to 1.5%. This has dropped the value of the CHF VS JPY significantly as cash flows out of the CHF and into alternative cash holdings. This is crucial to look at, as central bank decisions will always form the basis for long term moves, especially now you have the BOJ going towards rate...
The price perfectly fulfilled my last idea. It hit the target. FX:CHFJPY is pulling back to resistance after bouncing off the support level and channel border. I think it will move upward because it made a fake breakout of the previous low, and the main trend is bullish. The market broke the previous structure support level, then quickly returned above it. I...
Disclaimer: Please remember I am not a signal service. All trade ideas and analyses shared are only my views on the markets. When we open a position it means we may lose, so manage your risk, and accept only what you can bear. I am also trying to do that. Always follow your trading plan, trade management, and risk management. There is no place for luck in trading...
Disclaimer: Please remember I am not a signal service. All trade ideas and analyses shared are only my views on the markets. When we open a position it means we may lose, so manage your risk, and accept only what you can bear. I am also trying to do that. Always follow your trading plan, trade management, and risk management. There is no place for luck in trading...
Daily downtrend, 4hr supply entry into new lows, entering midway thru level, 5:1 RR.
My dear friends, CHFJPY looks like it will make a good move, and here are the details: The market is trading on 167.62 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 168.52 Recommended Stop Loss - 167.06 About Used...
The CHFJPY pair almost hit the 172.500 Target that we set on our previous call (December 19 2023, see chart below): Since then it has pulled back significantly, giving rise to a new Channel Up pattern. The major development is that it is about to touch the 1D MA200 (orange trend-line) for the first time since April 06 2023. We are prepared to buy after it...
Type of order: BUY, MARKET ORDER. We´ll check during the day this trade. Follow me to know if we need to close it before. Blessings.
CHFJPY has created a bearish breakout on the hourly support which is likely to continue the bearish momentum to the downside once the price completes with the pullback formation. Expecting a downfall towards the bottom support identified.
I've had this area alarmed from a quite a while which triggered as this hit the 2 pivot 1.618 extension. Now having let it develop; it does look bearish on all time frames Firstly on the 3 week chart, there is bearish divergence between the 2022 peak and impulsive end; BC Buying Climax that completed summer 2023. As so often is the case with Wyckoff and...
this chart shows bearish trend for CHFJPY on 1h time frame using bearish hammer pattern.
It appears that the CHF/JPY currency pair is beginning to recover and exhibit a bullish trend, indicating that the Swiss franc (CHF) is gaining strength against the Japanese yen (JPY). This emerging trend may signify improving sentiment towards the Swiss economy compared to Japan's. Traders analyzing the market may observe signs of upward momentum, such as higher...