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CHFJPY H4 | Falling to 23.6% Fibo supportCHFJPY is falling towards the buy entry at 165.402 which is an overlap support that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here to bounce higher. Stop loss is at 163.980 which is an overlap support that sits under the 50.0% Fibonacci retracement level. Take profit is between 166.30 and 166.70 which is an over resistance that lies under the 100% Fibonacci projection level. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Long
by FXCM
Is the Market Primed for a Reversal? 1000 Pip Move On The Cards?Predicting market peaks and turning points is always a challenging task, made even more daunting when a financial asset is achieving unprecedented highs without any clear resistance or sell-off zones to reference. This challenge is even more pronounced when this situation occurs with a forex pair, as is currently happening. This is a true test of your trading experience and your ability to interpret price action. Let's dive in, shall we? When we take a look at the long-term timeframes, especially the monthly charts, we can easily observe an overextension. This overextension is also apparent in the weekly charts shown above, with clear signs of buying fatigue and a visible struggle between buyers and sellers. This struggle is evident in the last weekly candle where sellers managed to drive the price down to 159 (the previous all-time high) - a newly established weekly buy zone, from which buyers have managed to push the price back up. A closer look at the daily charts (refer to the image below) reveals a structural shift with price activity moving sideways, suggesting a potential shift into a distribution phase, indicated by the lackluster buying momentum from the 159-point surge last week, as buyers were unable to establish a new high. All signs are currently pointing towards a potential reversal. Typically, in such situations, we might expect a final upward push, breaking the distribution range's upper limit in what can be seen as a deceptive breakout. This can lure the market into believing that prices are escalating to new highs. Additionally, a number of retail traders might place their stops above 164, as per conventional trading wisdom. From this point, my strategy is straightforward. I'll be waiting for that final upward push and monitor for signs of a false breakout. I'll also begin to look for entry signals on the daily chart from my TRFX indicator to gradually establish a position. As for trade targets, the first one will be last week's low at 159 (the previous all-time high), but it is likely that this level will not hold and the market will plunge further to the previous monthly high of 152, also within a recently formed monthly buy zone. The price charts are suggesting these moves, but as always, it's essential to wait for the right signals. This is a long-term setup grounded in high timeframe charts - these are optimal for tracking institutional moves. At the moment, a sell setup appears to offer the best risk-reward balance, given the apparent dwindling buying momentum. I hope you found this analysis insightful. I'll keep you updated as this situation evolves.
Short
by TheFxAce
26
CHFJPY MAJOR UPDATES Hello Fellow traders, As I predict from previous idea, Price could possibly break the weekly major trendlines, Now price reacting to that high level of Trendline, And candlestick makes a Doji, Daily Timeframe forms a DIvergence 3 highs while the RSI lower. But the volume is not changing, not bigger enough to say we short atm. I will be update this maybe next week or this week if price consolidating on that zone. Thank you and follow for more daily updates.. This is not a financial advice.
by D1GITALTRADES
CHFJPY Short setup with entry point!Good morning traders, I was analyzing CHF/JPY, one of the few pairs I'll be observing today, given the expected data on the Canadian and American dollars. This asset currently presents a bullish setup with good potential for a bearish reversal. Currently, it's at the level of 165.65, supported by demand + thirty levels. Personally, before entering long positions, I'll wait for a significant retracement to the level of 163.80, where we have a Breaker Block on the M15 timeframe. If the price reaches this level with an M15 candle showing no pin, no doji, and with volatility lower than 10 pips, we could consider a long entry. Of course, as the initial confirmation of a descent towards our entry zone, the market will need to confirm with breaks on the M15-H1-H4 of the Swing Low on the H4 timeframe at the level of 164.86. Let me know what you think, comment, and leave a like to support the hard work. Happy trading to everyone.
Short
by Forex48_TradingAcademy
2
CHFJPY Will Move Lower! Short! Take a look at our analysis for CHFJPY. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 165.285. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 164.299 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
6
CHFJPY Long Term Buying Trading IdeaHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
by ForexPlanet20
Trading Under The Spotlight: My Open Analysis Odyssey #9Hello once more, TradingView community! Each chart we explore together adds another chapter to our collective narrative, deepening our understanding of the vast market tapestry. For those just joining us, or for our regular comrades, here's a quick summary of our journey's ethos: Transparency, Not a Tutorial : While I provide a window into my trading psyche via these posts, the core strategic depths remain mine. This isn't a directive trading guide; it's a chronicle of my market observations. Frequency & Execution : As days unfold, diverse setups emerge, but not all transition into trades. This series is about offering a glimpse into my thought process, not necessarily presenting trade advisories. Purpose & Growth : Central to this endeavor is my ambition to sharpen my analytical acumen, bolstered by the candid feedback from this community. On to the next analysis of the day: Instrument : CHFJPY Bias : Long Overall Trend : Long Thoughts : This instrument has been a strong performer, appreciating by 17% within the year and showing little indication of slowing down. Historically, the Yen tends to exhibit weakness, largely attributed to infrequent interest rate hikes. However, I must admit a lack of deep familiarity with the current fundamentals surrounding this pair. Coupled with the age-old trading wisdom that "an object in motion tends to stay in motion," it paints an interesting picture. Yet, due to my limited experience with this pair and a somewhat hesitant feeling about this particular setup, I might stay on the sidelines this time. Engaging with you all, whether through mere observations or active discussions, continues to be a vital component of this journey. Together, we'll continue to peel back the layers of the market, one intriguing setup after another.
Long
by jefferytheartist
CHFJPY: Bullish Trend Continues 🇨🇭🇯🇵 CHFJPY is trading a long-term bullish trend. After the price set a new high in July, it started a correctional movement. A cup & handle pattern was formed. CPI report was a trigger for the buyers to violate the neckline of the pattern. Daily candle closed above that. It signifies that bullish trend will continue. The market will most likely keep growing. Next resistance - 166.5 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
CHFJPY WITH HIGHERTIME FRAMETHIS idea is weekly major parallel lines. as the chfjpy approaching to that zone, im expecting to break that above trend before it goes down to my target/POI zone. My view is I need to see a last buy candle onvolumes. wether a wick one or not. This is a higher timeframe. Good for swing traders that can hold longer trades. This is also not a financial advice, do your research. September would be awesome on JPY......my VIew only. Trade it or watch or analyze it.
Short
by D1GITALTRADES
Final Uptick Ahead for CHFJPY?Greetings Fellow Traders, It appears many have taken short positions in CHFJPY, expecting the uptrend to reverse. However, my analysis suggests there may be one final bull wave still to come. Before the trend turns, I anticipate CHFJPY could edge higher, testing stops and forcing additional coverings. To defend short positions, consider implementing a long hedge around 164 in case of a temporary spike. Once this final bull wave peaks, a downturn is expected, perhaps as soon as Thursday. Be ready to close long hedges then and restore CHFJPY shorts. The impending sell-off could be sharp once momentum shifts. As always, apply robust risk management - size positions appropriately and utilize stops. Markets can deviate from forecasts, so please do your own due diligence. I'm sharing my perspective in hopes it aids your research. Wishing you insightful analysis and profitable trades ahead! Let me know if you would like me to modify the tone or any part of the message. I aimed to make it sound professional while communicating the key points clearly.
Long
by teconlab
11
CHFJPY - 4hrs ( Sell Trade x2 Entry's Tp Range 200 : 400 PIP ) 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 ( Short after Break ) Type : Mid Term Swing —————————— Bearish Break 163.500 Area Reasons - Major Turn level / D - Visible range lvn - Visible Range Hvn - Fibo Golden - Week / D low - Liquidity / choch Area Bullish Reversal 159.500 area Reasons - Major Turn level / M - Visible Range lvn Area - Trend area - Choch Area - Quarter's Level - Pattern Target
Short
by GoldenEngine
Strifor || USDCHF-08/08/2023Preferred direction: BUY Comment: This currency pair was looked for a promising short not so long ago, however, the buyer still manifests itself and most likely the growth will continue. Remember that on the market, trader should be flexible! Level 0.87757 is now considered as the first target, which is unlikely to delay the buyer for a long time and the instrument will continue to update local highs. Thank you for like and share your views!
Long
by Viktor_strifor_analyst
1
CHFJPY Will Move Lower! Sell! Take a look at our analysis for CHFJPY. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 163.437. The above observations make me that the market will inevitably achieve 162.249 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
CHFJPY I Important considerations before shortingWelcome 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. Thanks for your continued support!
by BKTradingAcademy
2
CHF/JPY SHORT SETUP AFTER BOJ WARNINGSOn CHF/JPY, we have a bullish setup that reached the highest level at 164. From there, the price started to change trend; this morning, it dropped by 50 pips and is currently retracing in the supply zone at the level of 163.50, where we have a Point of Interest (POI), meaning a high probability reversal point. Here, we could look for a short trade in case a bearish candle enters and then closes below the POI. The chart shows a potential trade with entry points, exits, and take profit levels. What do you think? Greetings from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
2