CHFJPY - 4hrs ( x2 Scalping Entry's Hit Target 4 + 220 PIP )Pair Name : CHF/JPY
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Short
Educational
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Entry 1
💵 Take Profit 1 + 2 + 3
💵Pip' Achieved = 210 PIP
🛍 Account Growth = 30 %
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Entry 2
💵 Take Profit 1 + 2 + 3 + 4
💵Pip' Achieved = 200 PIP
🛍 Account Growth = 40 %
Chfjpy!
CHFJPY H4 | Reversal off pullback resistanceCHFJPY is rising towards a pullback resistance and could potentially reverse from here to drop towards our take-profit target.
Entry: 166.485
Why we like it:
There is a pullback resistance level
Stop Loss: 167.504
Why we like it:
There is an overlap resistance that aligns above the 61.8% Fibonacci retracement level
Take Profit: 164.976
Why we like it:
There is a swing-low support level
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CHFJPY I Long from 4 hr demand level Welcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
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Trading the BoJ meeting – it’s all about YCCTiming – 31 Oct (no set time – likely between 1 pm to 3 pm AEDT)
The tide is turning in Japan and while BoJ policy change is glacial - especially when we consider the intense pace at which other G10 central banks have acted – we’re now hearing that Japanese pension funds are looking are re-weighting of domestic JGBs, with yields on long-end bonds more attractive than holding foreign bonds on a currency-hedged basis.
These future re-weightings will involve huge amounts of capital and increase the perception of JPY inflows, and a lasting process of capital moving back to Japan.
On the inflation front, we’ve seen Tokyo core CPI coming in line, or beating expectations, in all but 2 of the last 24 readings. With core CPI running at 3.8% and well above the bank's target of 2%, we’ll see some lumpy inflation upgrades tomorrow from the BoJ.
So why not start to tighten policy? The simple reason is they haven’t prepped the market fully, and they want to garner real confidence from the Spring Shunto wage negotiations – we should start to hear the outcome of these negotiations in the weeks ahead.
All eyes on changes to the YCC band
While no one is expecting a move in interest rates away from NIRP (Negative Interest Rate Policy) – that is an early 2024 story - Where we could see some policy change through the widening of the YCC (Yield Curve Control) band. At present, the BoJ cap 10yr JGB (Japan govt bonds) yields at 100bp (or 1%). If we were to see a test of the 1% cap in the near-term the BoJ would buy unlimited amounts of JGBs to confine yields to 1%.
Currently, we see the 10-year JGB at 89bp, with yields up 14bp since 16 October. So, sellers have pushed JGB yields towards the cap, with the more freely moving JP 10yr swap sitting above 1% at 1.10% - it’s, therefore, clear that some in the market has positioned for the BoJ to lift the cap to 1.50%, some may even be thinking it's removed altogether.
The market’s base case is for no change
While 34/45 economists expect no change, given the recent flow and positioning in the JGB market, if the YCC cap remains at 1% then we could see a spike higher in USDJPY and the JPY crosses – I would guess to the tune of 30-50 pips. I would be a buyer on that JPY weakness.
This fits in with the reaction we’ve seen in prior BoJ meetings, where since Jan 2022 the JPY has weakened in all but 2 meetings.
Could we see the cap lifted to 1.5%?
If the BoJ lifts the cap to 1.5%, one suspects this action will be accompanied by supportive rhetoric that they will continue to intervene intraday and buy JGBs to smooth out any overly violent moves. This action would see a more pronounced downside move in USDJPY, perhaps 50-70 pips (at a guess), although the likely accompanying language should limit the reaction.
As always, positioning will play a part – where we currently see leveraged funds short of JPY, while real money is modestly long, and retail aggressively long JPY and seeing greater downside risk in USDJPY.
One does question why the BoJ doesn’t just get rid of the YCC cap altogether. A scenario which isn't entirely impossible, but would likely send shockwaves through global bond markets, and by extension FX markets too. One could argue that YCC lacks credibility anyhow, given the BoJ seems to move the cap every time the market tests the limit. It simply results in them having to buy greater quantities of outstanding debt and cornering the market.
The trade?
Over the coming week or so, I see further upside risk in the JPY - My preference for the BoJ meeting though is to stand aside, but place limit sell orders above the market into the meeting. If the BoJ leaves YCC unchanged then positioning should be unwound and I get a fill - I suspect the move will be short-lived and the flow should reverse. CHFJPY is looking like one of the weaker crosses at this point, so selling spikes in CHFJPY looks compelling – and should we get closer to MOF verbal intervention I am on the right side of that too.
CHFJPY - 4hrs ( Up + 320 PIP / Full Tp Reached ) Pair Name : CHF/JPY
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Long
📋 Educational
—————**-
🗒 Just browsing through my analysis means a lot to me.
➡️ Update - VIP Opportunity
————
🔰Take Profit 1 + 2 + 3
🔰 Account Growth = 30 %
🔰Pip' Achieved = 240 PIP
CHFJPY I Potential long from supportWelcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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All My Entries&Secrets How To Made More Than 1500 Pips Per Week 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.
Daily Wave Rider - CHFJPY - BUYCHFJPY
Channel: GREEN
WK Pivot: GREEN
AOB: WP
CON: SBB
BUY Stop: 167.773
Stop Loss: 166.864
TP01: 168.682
TP02: 170.500
DWR present as a buy setup on 27 OCT, with Channel and Pivot are green bouncing off weekly pivot
However, trade is not taken/considered
SPX500: SELL
DXY: BUY
OIL: BUY
GOLD: BUY
CHFJPY - Potential long ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 167.000.
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CHF/JPY Sell Idea 26/10/23Trade Details
Sell Limit
Entry: 167.863
Take Profit 1: 167.652
Take Profit 2: 167.218
Take Profit 3:
Stop Loss: 167.980
Key Notes
Order flow: Bearish
Trend: Bearish
Structure: Broken
Entry at order block / supply
Disclaimer:
This is just a sample template and should not be used as financial advice. Always do your own research before making any trading decisions.
Daily Wave Rider - CHFJPY - BUYCHFJPY
Channel: GREEN
WK Pivot: GREEN
AOB: WP
CON: SBB
BUY Stop: 168.004
Stop Loss: 167.154
TP01: 168.854
TP02: 170.554
DWR present as a buy setup on 26 OCT, with Channel and Pivot are green bouncing off weekly pivot
However, trade is not taken/considered
SPX500: SELL
DXY: BUY
OIL: BUY
GOLD: BUY
CHFJPY possible expansionAfter price broke previous structure with momentum, it started to consolidate forming what could be seen as something along the lines of a bullish flag or rising wedge. Price is currently above a demand zone that was left behind, with liquidity on both sides of the wedge. Price is unquestionably bullish, so it could use this demand zone with liquidity formed to expand and take out our recently formed weak swing high.
CHFJPYIs CHFJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 165.10 followed by 164.
What you guys think of it?
TradePlus-Fx|USDCHF: Frank's Power💬 Description: The franc is one of the safest assets in the market, just like metals and the US dollar, which is needed to buy US bonds. However, the franc is in greater demand than the US dollar at the moment, and even in the event of another rapid strengthening of the US currency, USDCHF will most likely fall.
At the moment, the currency pair is trading at the level of 0.89303, which a little earlier was a key area for buyers (Push-volume area). Most likely, these volumes are now being consumed for the next downward movement. There is an entry point, and the downward movement target is set primarily at the level of 0.88500 , the second target is 0.87757 (daily support).
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Best Forex Signals | Sell CHFJPY 8RR Target 166.52The CHFJPY has shown bearish reversal candles on H4 and broken trendline on H1 timeframe. There is an unmitigated DOTS target at 166.52. Double contraction boxes appeared on M15 to validate the idea that the CHFJPY is going to 166.52 in the next move.
CHFJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)