CHFJPY our time is here...waiting for the 4h to close...Swiss Franc / Japanese Yen forum
CHFJPY our time is here...waiting for the 4h to close...
CHFJPY losing momentum....on the verge of going towards 188 area...
CHFJPY CHFJPY | Speak My Mind 🧠High Time Frame: structure showing bullish intent — major highs taken, momentum and displacement in full alignment.
Mid Time Frame: continuation plays now active, price traveling in sync with higher-timeframe flow.
We’re just waiting on a clean recess outside the quarter to sweep and mitigate those untouched order blocks sitting right underneath.
Once price reaches that zone, I’ll be dropping to lower time frames for confirmation entries.
Until then — we chill, we wait, and we let smart money drive direction. ⚙️
#SMC #InducementKing #OrderFlow #SmartMoney #CHFJPY
CHFJPY Wow, i opened a buy order of 262.5pips buy order on Friday on this pair, left it active over the weekend to run till market openI just visited my over the weekend orders and saw this pair closed in profits at target.
So so wonderful. What a beautiful way to begin the week.
In fact, i have already earned of $8.7k in profits from three pairs left to run
CHFJPY got in on buys
CHFJPY CHFJPY ⚓️
Price is camped inside a deep anchor block. From here I’m eyeing the lower-timeframe switch — once that LH gives way, I’ll be attending buy positions to ride the bullish leg. Smart money play, just waiting for structure to confirm.
CHFJPY CHFJPY Speak My Mind UpdateEither deeper mitigations print or I catch the LTF CHoCH. Either way, patience does the work — I let smart money lead. Bullish stamp on this pair, fa’sure.
CHFJPY 📊 Market Setup: The Swiss-Yen ShowdownAsset: CHF/JPY (Swiss Franc vs. Japanese Yen)
Bias: Bullish 🐂
Why?: CHF/JPY is showing strength with a breakout potential. The Swiss Franc is flexing 💪 against a Yen weakened by Japan’s monetary policy and global risk-on sentiment. Expect volatility as markets digest carry trade dynamics!
🕵️♂️ The Thief’s Strategy: Layered Limit Order Entries
We’re not just jumping in blindly — we’re layering our entries like a master thief stacking the deck! 🎴
Entry Plan: Use multiple buy limit orders to scale into the trade (layering strategy).
Suggested levels:
📍 186.000
📍 186.500
📍 187.000
Pro Tip: Feel free to add more layers based on your risk appetite! Stack those orders like a pro. 😏
Entry Flexibility: You can enter at any price level if you spot momentum, but layering helps spread risk and catch dips.
🛑 Stop Loss: The Thief’s Escape Plan
Stop Loss: Set at 185.500 — our emergency exit if the market turns on us. 🚪
Note: Dear Thief OG's 👑, this SL is my suggestion, but it’s your heist! Adjust based on your risk tolerance. Don’t get caught by the market cops! 👮♂️
🎯 Take Profit: Cashing Out Before the Barricade
Target: Aim for 189.000 to lock in profits.
Why?: 189.500 acts as a police barricade (strong resistance) with overbought signals and a potential trap for greedy bulls. 🪤 Escape with gains before the market clamps down!
Note: Thief OG's, this TP is my call, but you do you! Take profits at your own risk and reward level. 💸
🔍 Related Pairs to Watch
Keep an eye on these correlated pairs (priced in USD) to gauge market sentiment:
USD/JPY ($): A rising USD/JPY often supports CHF/JPY’s bullish moves due to Yen weakness. Watch for breakouts above key levels (e.g., 145.00) to confirm risk-on flows.
USD/CHF ($): If USD/CHF strengthens, it can bolster CHF/JPY’s upward momentum. Monitor for CHF strength against the USD.
Key Correlation: CHF/JPY often moves in tandem with risk-on pairs like USD/JPY due to carry trade dynamics. A weaker Yen across pairs signals bullish potential for CHF/JPY.
🔑 Key Points to Understand
Layered Entries: Spread your risk with multiple limit orders to avoid chasing the market.
Market Context: CHF/JPY thrives in risk-on environments. Watch global equity markets and BOJ policy updates for cues.
Risk Management: Always set a stop loss and adjust based on your account size. Never risk more than you can afford to lose!
Volatility Warning: Forex markets can be sneaky. Stay sharp and monitor price action around key levels.
CHFJPY 🔹 SpeakMyMind | CHFJPYWaiting for the bearish members to push sells deeper into the test area.
Once mitigations hit, I’ll be dropping to lower scales for a trend shift.
Until then, I’m chillin’ — patience over rush. ⚡️
CHFJPY Price had false breakout last week now we are waiting for additional bias to take sell trades; Break of Trendline & Break of Head and Shoulders Neckline to confirm bearish bias.