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Chfjpy!

CHFJPY - FINALLY WE HAVE A LONG SETUPOn CHFJPY, the market is forming a long setup following the Forex48 strategy. The setup is around 153.15, where we have a strong demand zone created on May 18th. Therefore, I expect a retracement at this level before entering a long position with a target of 155.40. There is a supply zone at that level, and the price may even break through it to continue the upward momentum. Let me know what you think. Happy trading to everyone. ❤️Please, support my work with like, thank you!❤️
Long
by Forex48_TradingAcademy
CHFJPY: Buy this pullback on the 1D MA50.CHFJPY is trading inside a Channel Up for the past 12 months and currently pulling back after touching the 2.0 Fibonacci level. With the 1D time frame technically neutral (RSI = 53.315, MACD = 1.420, ADX = 33.250), the closer the price gets to the 1D MA50, the stronger of a buy opportunity it becomes. The fractal of July-August 2022 indicates that the next HH of the Channel Up should be on the 2.618 Fibonacci level at 160.000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
3
CHFJPY - 4hrs ( Sell Trade After Break / Tp Range 250 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 Out With 4hrs Candle ) Type : Mid Term Swing ——————————— 🔰Bearish after Break 153.650 Area Reasons - Major Turn level / D - Reversal Pattern / Candle Stick - Month High Area - Fibo Golden - Fixed range lvn / Value 🔰Bullish Reversal 150.600 Area Reasons - Major Turn level - Visible Range Lvn - Quarter's Area - Pattern Target - FIbo Golden
Short
by GoldenEngine
CHFJPY - 4hrs ( sell trade Target Range 240 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 Out With 4hrs Candle ) Type : Mid Term Swing ——————————— 🔰Bearish after Break 153.750 Area Reasons - Major Turn level / D - Reversal Pattern / Candle Stick - Month High Area - Fibo Golden - Fixed range lvn / Value 🔰Bullish Reversal 150.600 Area Reasons - Major Turn level - Visible Range Lvn - Quarter's Area - Pattern Target - FIbo Golden
Short
by GoldenEngine
Why we may soon see some JPY strengthThe JPY is undervalued... Unlike other global economies, Japan is not facing an inflation crisis or below 50 PMI figures. The Yen has also been victim to some large bearish moves over the last few years, which are due a retrace move. In my opinion, it is starting to look like a good buy from both a fundamental and technical point of view. As a safe haven currency, it could also see some strength with the nearing Western recession, if the recession ever comes! All is not roses, though. GDP growth is low and unemployment is too low... There is also the issue with the BOJ's currently monetary policy. The challenge is, which pair do you short? The JPY against the EUR or GBP is a strong fundamental trade, but the swap rates will eat away at profits on any long-term trade. The CHFJPY has a move attractive swap, though still negative, but you then lose the safe haven bias of trading both the CHF and JPY. Speaking of CHFJPY, price has just broken a possible turnaround area on the 1 hour chart, which could be a signal of some coming JPY strength and ***JPY downside. For longer-term trades, perhaps a Yen ETF or currency index trade is best... AMEX:YCL AMEX:FXY OANDA:CHFJPY
Short
by Samuel_Morton_Trader
USDJPY I Positive US debt ceiling talks and weekly outlookWelcome back! Let me know your thoughts in the comments! ** USDJPY 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!
Long
by BKTradingAcademy
4
CHFJPY I Potential return to the previous structureWelcome 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!
Short
by BKTradingAcademy