CHF/JPY Cup and Handle almost ready to rip through the brim The Technicals are poised nicely for upside.
I haven't seen much news on it, but I suspect it has to do with CHF being a safe haven during turbulent times.
However, the fundamentals I can think are for causing upside for the CHF are the following:
🏦 Swiss Franc's Safe-Haven Appeal Strengthens
In times of global economic uncertainty, investors are gravitating towards the Swiss Franc due to its stability and low government debt, enhancing its strength against the Yen.
📉 Japanese Yen Weakens Amid Economic Concerns
The Bank of Japan's decision to maintain low interest rates and downgrade growth forecasts has led to a depreciation of the Yen, making CHF/JPY more attractive to traders.
Cup and Handle
Price>20 and 200
Target 186.04
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Buychfjpy
CHF/JPY Will Fly Very Soon Be Readyfor a while all the JPY pairs have been flying only no respect for any resistance or any strong levels. and since " THE TREND IS YOUR FRIEND" is my main rule and i never break it i think i should find a buy setups only in all JPY pairs.
right now the price made small decent waves on the 4h timeframe. the price is so close to 71% fib level in my fib tool so it will be great chance to set a buy limit trade on this pair right now. here is my trade details.
Buy Limit order on
CHF/JPY @ 178.950
SL: 178.450
TP: 180.950
CHF/JPY Finally Broke The Sideway Strongly To The DownsideFinally, the sideway movement was broke strongly to the downside. entering a sell trade will our goal in this pair. in order to have a small stop loss on this sell trade we need to wait for a little re-tracement either wait for upside wave with good price action or draw your fib tool once you have a bottom with good bullish price action referring that the price will start retracing. you can put you sell order around 61% or 71% fib level
Buy CHFJPY SW 230323 9.40📌📌Signal Buy CHFJPY 📌📌
Link :
📍📍Open order 142.6
Buy lim 1 141.65
Buy lim 2 140.9
Buy lim 3 140.2
Buy lim 4 139
Buy lim 5 138
Tp 144.5
Sl 136.5
Warning !!! (Swing trade must be use pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Sell lim 1 0.15 lot
Sell lim 2 0.20 lot
Sell lim 3 0.25 lot
Sell lim 4 0.30 lot
Sell lim 5 0. 40 lot
Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Sell lim 1 0.05 lot
Sell lim 2 0.06 lot
Sell lim 3 0.07 lot
Sell lim 4 0.08 lot
Sell lim 5 0.10 lot
Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!