CHFJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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CHFJPY
CHFJPY Short Analysis + Trade IdeaCHFJPY 4HR Analysis + Trade Idea by OfficialKieranTrewick
Looking for a 4HR fractal pivot rejection off 170.750-171.000 to provide good entries for shorts down to 169.500 - 167.000, The daily trend is very strong with chfjpy ongoing since 2021 and with multiple recent rejections off the latter side it seems it may be loading up for the surge into ATNH but with how strong of a resistance there has been at 171.500 i am not sure if this will be anytime soon, and with how strong the trend has been there is definitely room for some exhaustion down to 165-163 without affecting any long term market structure.
Currently where the inner trend meets the underside of the largescale trend within a large range zone block trapped between 50% and a strong resistance level, the key here is just patience and waiting for the right confirmations to play out.
On friday I already entered a short position with my VIP group from around 170.850 with various take profits levels down to 170.750, 170.500, 170.250, and 169.250.
CHF/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
Previous week’s green candle means that for us the CHF/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 168.960.
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⚡️CHFJPY CMC TRADING ⚡️ DISTRIBUTION ZONECHFJPY currently finds itself in a distribution zone, characterized by a sideways market condition. Notably, there was a recent false bearish breakout below support, signaling a strong upward move. Despite this, there remains an expectation for a bearish breakout on subsequent structure, as we anticipate a corrective leg following the recent bullish trend.
⚡️Strifor || USDCHF-07/02/2024Preferred direction: SELL
Comment: In the middle of the current trading week for the USDCHF currency pair, we will also consider selling. We highlight scenario №1 as a short-term entry option and scenario №2 as a medium-term scenario. It would be best to consider two scenarios at the same time and place a stop loss no lower than the resistance level of 0.87757 . In any case, the target for the fall is located at support 0.85696 . The main triggers for entering a sale are the formed context in terms of volume analysis and, surely, accumulation in the balance format with the presence of false movements.
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CHFJPY H1 | Potential bullish bounceCHF/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 170.195
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 169.906
Why we like it:
There is a pullback support that lies underneath the 38.2% Fibonacci retracement level
Take Profit: 170.568
Why we like it:
There is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level
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CHFJPY - 4hrs ( Sell Trade Target Range 300 PIP )💵Pair Name CHF/JPY
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🔗 Key Technical / Direction ( Short ) Mid Term
Type : Mid Term Swing
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Bearish Break
169.700 Zone
Reasons
- Major Turn level / M
- Pattern BReak Out
- inner Choch
- Fibo Golden
- Year + Quarters High Area
Bullish Reversal
156.600 Area
Reasons
- Major Turn level / D
- FIxed Range Poc
- Pattern Target
- Month Low Area
- Key level Zone
CHFJPY: Expecting Bullish Continuation! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy CHFJPY.
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CHF/JPY SHORT FROM RESISTANCE
Hello,Friends!
We are now examining the CHF/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 170.431 level.
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CHFJPY On The Rise! BUY!
My dear subscribers,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 170.01 pivot level.
Bias - Bullish
My Stop Loss - 169.51
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish
Target - 170.90
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
CHFJPY - 4hrs ( Sell Trade Target Range 280 PIP ) 💵Pair Name : CHF/JPY
Time Frame : 4 hrs
Scale Type : Large Scale
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🌐 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 ) Mid Term
Type : Mid Term Swing
——————————
Bearish Break
170.250 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Fixed Range Poc
- Pattern Break
- PDL
- PWL
- Fibo Golden
Bullish Reversal
167.500 Area
Reasons
- Major Turn level
- Visible Range Hvn / Poc
- Pattern Target
- Fibo Golden Zone
- Fixed Rane Lvn
- Ultra High Volume / Choch
CHFJPY H4 | Approaching pullback supportCHF/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 169.819 which is a pullback support that aligns with a confluence of Fibonacci levels i.e. the 23.6% retracement and the 100.0% projection.
Stop loss is at 168.700 which is a level that sits under a swing-low support.
Take profit is at 171.578 which is a pullback resistance.
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
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CHFJPY I Demand buy zone opportunity from bottom of channelWelcome 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.
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CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello,Friends!
Previous week’s green candle means that for us the CHF/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 170.641.
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CHFJPY Will Move Lower! Short!
Here is our detailed technical review for CHFJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 171.110.
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 169.734 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.
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