Hello traders! ‼️ This is my perspective on CHFJPY. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I expect for now bearish price action after price filled the imbalance and rejected from bearish order block + institutional big figure 170.000. Fundamental news: This week on Friday (GMT +3) will be released...
Bullish Trend: I see my entry setup on the 15Mins Timeframe and am Aiming for a shot.
Daily - bullish. 170.133 is the level to watch out. any long position I take will be managed / observed closes as price tags this level. This level being too close to current price does not bode well for our entries due to potential bad RR. Origin - I like the structure here. if the daily issue was not present, I would say that if price sustains over the POC, we...
Hello,Friends! The BB upper band is nearby so CHF/JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 168.378. ✅LIKE AND COMMENT MY IDEAS✅
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
LIGHT AT THE END OF THE TUNNEL FOR THE YEN? With lots of news on intervention, could this be a turning point for the yen in the coming week, month? Some bet on the yen strengthening next week for me.
CHFJPY is in bullish trend as it is printing HH's and LH's on 1H Timeframe. One can enter in Long position at Inverted Hammer candlestick pattern in the corrective move. significant levels are marked on the chart
Pair Name : CHF/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
CHFJPY take the advantage of range trading buy stop order and hopefully anjoy a temporary upward trend.
The CHFJPY pair is currently exhibiting a significant technical pattern known as a Bat Harmonic Pattern (XABCD). This formation is characterized by specific Fibonacci ratios between its key points, indicating potential trend reversals. Key Points of the Bat Harmonic Pattern: - Point X: Represents the starting point of the pattern. - Point A: Marks the...
DAILY - Price went to daily zone of interest (SD) - Rejection candle / doji - Bearish MS WEEKLY - Bearish W / HS/ IC - SD zone 4 HOUR - Head and shoulders
The price perfectly fulfilled my last idea, and it went up towards the resistance and hit TP. The price is overall in the range phase on the 4H timeframe, and currently it is pulling back to resistance after a massive sell-off or impulse leg. I think that the price might fall from the key resistance zone around the 170.000 and upward trendline as well as the upper...
The CHFJPY pair's recent price movements suggest we may be looking at the onset of a bearish Elliott Wave. The formation appears to have completed an impulsive wave (3), followed by a corrective wave (4), which has retraced to a classic Fibonacci level. If this pattern holds, wave (5) might take the pair further down, potentially creating a SHORT opportunity. The...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CHF/JPY is exhibiting strong bullish momentum and could potentially rise above a breakout level to climb higher. Buy entry is at 169.56 which is a breakout level ( wait for the 1-hour candle to close above 169.56 for confirmation ). Stop loss is at 169.00 which is a level that lies underneath the 23.6% Fibonacci retracement level. Take profit is at 170.14 which...
1. Price Above 2 MA's 2. Price Above 200 MA 3. Nice bullish momentum candle 4. Currency Strenght Meter Confirmation 5. Trend Following Indicator Babypips Confirmation 6. PSAR Signal 7. JPY News Tomorrow as possible Catalyst 8. No strong resistance area above 9. Babypips BUY/SELL Confirmation 10. Stop Losses from Breakout traders taken on Lower Timeframe - M15 11....
Last week's "Chart of the Day" highlighted the JPY futures (6J) as they were breaking down through wedge support. This has taken place, and now intervention talk is louder than ever. As this has happened, the risk for intervention has indeed increased and with the CHFJPY, it may pose a better risk/reward for fresh short positions (or long JPY). The Swiss National...