Chfjpy!
CHFJPY H4 | Bearish reversalPrice has breakout of the sell entry at 164.201, an overlap resistance, and is moving to our take profit at 162.103, a pullback support. Our stop loss is at 165.053, a pullback resistance level.
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CHFJPY Potential DownsidesHey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 166.650 zone, CHFJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 166.650 support and resistance area.
Trade safe, Joe.
CHFJPY...DT (2D)CONSERVATIVE APPROACH:
SLO2 @ 168.90 ⏳
SLO1 @ 168.00 ⏳
TP1 @ 159.30
TP2 @ 154.00
TP3 @ 150.10
TP4 @ 144.05
— Remember, we have lots of News events over the next few weeks, so ANYTHING can happen.
— That being said, the above is the most conservative approach I found.
AGGRESSIVE APPROACH:
TP @ 168.00
BSO @ 164.80 ⏳
BLO @ 164.20 ⏳
— And for those who are risk takers, here's some action for you...😂
CHFJPY I Technical & fundmental forecastWelcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
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SHORT CHF/JPYPretty precarious short trade on the Swiss/Yen. The years long uptrend has been exhausted for ages, but with the Yen's across the board weakness, price has steadily climbed. I entered a short on the 28th and added a lot on the 29th. Technically, I did get a signal from my indicators, but they haven't did very well against any Yen pairing as of late. We'll see how this goes.
CHFJPY - Long to imbalance ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we can see that price clear all sell side liquidity, filled the imbalance and rejected from institutional big figure 162.000. Now I expect bullish price action price to fill that huge imbalance higher.
Fundamental news: Upcoming week on Thursday we will see result of Interest Rate on CHF.
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CHFJPY: Bearish Continuation is Expected! Here is Why:
Balance of buyers and sellers on the CHFJPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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CHFJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to go a little bit lower and then to reject from bullish order block + institutional big figure 168.000.
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CHFJPY Potential DownsidesHey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 165.800 zone, CHFJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 165.800 support and resistance area.
Trade safe, Joe.
CHFJPY: Thoughts and Analysis Today's focus: CHFJPY
Pattern – Ending Diagional
Support – 167.50
Resistance – 169.40
Hi, and thanks for checking out today's update. Today, we are looking at CHFJPY on the daily chart.
Today's video asks if CHFJPY will continue to move lower after breaking out of an ending diagonal pattern. These patterns are seen as reversal patterns. We have broken down the trend structure and what we are looking for to see a confirmation of the pattern.
The Key for us will be move-through support. If Sellers fail at support, look for a new move back through resistance, which could cause a failed pattern trend continuation.
What do you think? Could this be a reversal?
Good trading.
CHFJPY | COULD BE A GOOD BUYING OPPORTUNITYHey Traders! 👋
I believe we have a good chance to re-test previous area of resistance or the top of the current lower timeframe downtrend, if broken we will see this trade to re-test the previous monthly pivot point.
Both currencies are in a 52 week low against the dollar in the futures markets, I still think the CHF is the better safe haven so likely it will continue its upwards momentum for now. 📈✅
CHFJPY possible expansionAfter price broke structure with momentum, it began to retrace aggressively. This was to ensure that it takes out all internal structure liquidity that accumulated during the previous expansion. Since the pair has been moving bullishly, the strong low should hold and the high should be taken out as some of the uptrend properties. Price has now approached an extreme demand that lines up with our golden zone properties for extra confirmation. Since price has now nearly cleared up all internal liquidity, it could clear the rest and precede use this demand zone to expand further up to take out the latest weak high.