CHFJPY 📊 Market Setup: The Swiss-Yen Showdown Asset: 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 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.
On the HTF, price is showing bullish structure with strong momentum driving to the upside. The intent is clear — continuation is on the table, and I’m looking to hop on that wave.
On the MTFs, I’m waiting for sell-side liquidity to be taken and a full mitigation into bullish order blocks. That’s the checkpoint before I step in.
Once mitigation is complete, I’ll drop down into the LTFs to confirm — order flow must hold, then I’ll be looking to ride buys back toward those 5M–30M highs.
For now, it’s analysis mode, not execution mode. We’re watching price, holding tight, and letting smart money show us the next move.
CHFJPY Counter-Trend Setup .Price is at Previous Extreme Swing High and Major resistance level. Wait for bearish price action double top or bearish candlesticks to sell to the downside. Correlating pair AUDJPY is also at major resistance zone proceed with caution since we are going against the dominant uptrend apply proper risk management.
CHFJPY 📌 Description for TradingView Idea – CHF/JPY "Swissy vs Yen" Forex Market Heist Plan ⚡ Asset: CHF/JPY — “Swissy vs Yen” 🎯 Strategy: Swing/Day Trade | Thief Plan (Layered Entries)
🔥 Why This Plan? (The Thief Strategy Explained) The Thief Strategy is about using layered limit buy entries — scaling into the position like a “heist crew” building multiple doors into the vault. Risk is managed with flexible stop-loss and take-profit levels depending on your own plan. Pattern Setup: Bullish Triangular Moving Average Breakout spotted near 183.800. Market Context: Technicals, fundamentals, sentiment, and macro factors are aligned with a bullish outlook. Trader Sentiment: Retail is heavily short, while institutions lean bullish = contrarian edge.
📊 Thief Entry Plan (Layering Strategy) Layered Buy Entries (Limit Orders): 184.500 184.700 185.000 185.300 (You can increase layers depending on your risk appetite)
Stop-Loss (Flexible): This is Thief SL: @184.000 🔒 ⚠️ Dear Ladies & Gentlemen (Thief OG’s) — adjust your SL based on your own risk appetite. I am not recommending you copy my SL. Trade safe.
Target (Take Profit Zone): Short-circuit resistance + overbought + supply/“tarap” zone near 187.500 🎯 ⚠️ Again, Dear Thief OG’s — this TP is my personal exit, not a recommendation. Manage your own escape route.
CHFJPY 📊 Market Setup: The Swiss-Yen Showdown
