The CHFJPY pair has been showcasing a significant breakout early this year, surpassing the crucial 170.500 level. After reaching a peak at 171.484, it retraced to 169.766, where it demonstrated a classic "base-rally-base" price action, underpinned by substantial volume, confirming its bullish momentum. As it now positions itself above the 170.500 mark once again,...
Forecast from previous week: Monthly: - Bullish M - IC is tapped Weekly: 1. Bullish trend 2. Bullish zone (break and retest) = (very clear to see with replay button) 2/4 criteria with backup from clean monthly + trading with the trend Daily: - Bullish M - Clear impulse correction (shows me that bulls are still there and stronger then the bears...
Is CHFJPY exhausting at strong resistance level? As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 170.40 followed by 169. What you guys think of it?
Expecting to see a drop followed by change of character to the downside .. And follow break of a structure to the Lower Lows. Happy trading '24
CHF/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 169.142 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 167.923 which is a level that aligns with the 38.2% Fibonacci retracement level and sits under a pullback support. Take profit...
CHFJPY isn't a pair I typically trade, but I'm sharing this analysis by popular request from my followers. My trading approach is all about simplicity – if the market's signals aren't crystal clear, I hold back. That's why I always emphasize patience as a virtue and knowledge as your key to success. After all, if you don't win, at least you don't lose. 🙂 On the...
A rising wedge is taking shape in CHFJPY, accompanied by a noticeable divergence on the chart. There's a likelihood of a reversal in the upward trend. I am prepared to enter the trade upon the breakout of the trend line. I'm curious to hear your thoughts on this setup. Cheers!
Daily: BM + Clear impulses up + Clear corrective pullback + Above previous resistance zone Trade to beginning of correction? Weekly: 2/4 LONG MS: Bullish trend (impulses up) FIB: Bullish LCC: Indecision S&D: 50/50 - previous resistance currently acting as support 4H: IHS?
CHFJPY has recently formed a rising wedge pattern, and there is now a breakout occurring at the lower boundary. This breakout is anticipated to lead to the formation of a corrective leg, with the potential for a retracement back towards the 50% level of the current bullish trend. Additionally, the 50% level aligns with a significant key zone, providing a...
CHF/JPY Correlation with Yen Futures, using our Price Action charts we could see a possible fall from the strong high 173.50 where there is the High Liquidity Zone. Next strong support is at 160.80. Signal coming once confirmed. Chris
SELL idea Trendline broken CHF JPY SELL 170.100 TP1: 169.460 TP: 168.000 SL: 170.830
CHF/JPY moving into a High Liquidity Zone 1.6990, holding onto market structure a liquidity grab would send the price to 171.50 where there is a strong High 53%. Chris
this is my bullish technical idea and price action analysis . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
The indicator showing exactly where the supply/demand zones are
I have drawn the desired pattern for the chfjpy , it is very simple and the price moves based on high and low and I have left you a suggested setup.