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Chfjpy!

CHFJPY Breakout and potential retraceHey Traders, CHFJPY was trading in an uptrend and then massively managed to break it out due to JPY strength. one of the reason of the Yen strength is the major changes in monetary policy that are expected from BoJ since it didn't changed the monetary policy from a long time since now. and considering that also JPY is considered a safe haven in this type of environment we still expect further strength. Technically we have noticed a breakout of the uptrend so i will be monitoring a potential retrace of the trend around 145 support and resistance zone. Feel free to ask any question in the comment section. Trade safe, Joe.
Short
by JoeChampion
4
CHFJPY - 4hrs ( Sell Trade After Retest / Tp Range 350 : 700 PIP💲Pair Name : CHF/JPY 🗨Time Frame : 4hrs ➕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 ) Type : Mid Term Swing ——————————— 🔰Bearish Retest 145.000 Area Reasons 🔘- Major turn level 🔘- Visible Range poc 🔘- Fixed Range Value 🔘- Day low / week Low 🔘- Channel Retest 🔘- Fibo Golden 🔰Profit Gain's Area Bullish Reversal 141.500 Reasons 🔘- D / turn level 🔘- Fibo Golden 🔘- 3 Q / H 🔘- 2 Q / Q H 🔰Bullish Reversal 137.500 Area 🔘- Major Turn level 🔘- Month low 🔘- Pattern Full Range 🔘- Fibo Golden
Short
by GoldenEngine
1
Potential Long Opportunity on CHFJPYPrice action context clues have printed an opportunity for reversals to the upside within this zone that it is currently dropping into. If price action begins to show exhaustion at this level, then a reversal could be likely to happen. Exhaustion presents itself when you see wicks into the are but there are no candles breaking the level. Multiple wicks into an area that you have mapped out as a trade entry further validate your analysis and you should take the trade. Liquidity is being sucked from that area for a move to the opposite way. Wait for multiple wicks into your area of interest before you decide to pull the trigger for you trade. Manage your risk and keep a cool head no matter the outcome of the trade. Winning streaks can create ego, recklessness and over confidence, losing streaks can create fear, timidness, uncertainty, and hesitancy. Believe in yourself, trust your analysis and maintain zen in your life on and off the charts for best results. Happy trading!
Long
by jefferytheartist
GBPJPY I Potential bounce from demand zone 🚀 Welcome back! Let me know your thoughts in the comments! ** GBPJPY 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
11
CHFJPY 5th MARCH 2023The correlation between the Nikkei index and the Japanese Yen on the daily timeframe can fluctuate depending on market conditions and fundamental factors affecting both. However, in general, there is an inverse correlation (negative correlation) between the two. NIKKEI225 5th MARCH 2023 This can be seen in situations where the yen strengthens, the Nikkei tends to weaken, and vice versa. This happens because the strength of the yen can affect the performance of Japanese exporting companies, which are the main sectors represented in the Nikkei index. If the high value of the yen makes Japanese export products more expensive for foreign markets, then the performance of Japanese exporting companies may be affected and this may result in a decline in share prices in the Nikkei index. However, it is important to remember that the correlation between the Nikkei and the Japanese Yen is not always consistent or stable, depending on various factors including global market conditions and Japan's domestic economic situation. Therefore, it is important for traders and investors to constantly monitor their movements and the factors that influence them in order to make informed trading decisions.
Short
by DNP-FX
7