CHFJPY
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 :-)
Monitoring CHFJPY Sell StrengthIn my previously published idea, I expressed by bearish opinion on $FOREXCOM:CHFJPY.
Looking intraday at the 4-hour timeframe, my bearish sentiment has weakened. The current 164.5 lower boundary maintains an unclean hold. However, this latest price breach lower was rather weak.
After price crossed below this level, it quickly traded above it within the next 4-hours rather easily. To me, this is an indication that there is more buying pressure holding price supported. I am not a fan of this if I were to maintain my bearish sentiment.
For the time being, I will continue to monitor the price action on this pair.
CHFJPY H4 | Rising into 78.6% Fibo resistanceCHFJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target.
Entry: 165.734
Why we like it:
There is a pullback resistance that aligns with the 78.6% Fibonacci retracement level
Stop Loss: 166.581
Why we like it:
There is a multiple swing-high resistance
Take Profit: 164.040
Why we like it:
There is a multiple swing-low support level
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Strifor || USDCHF-09/12/2023Preferred direction: BUY
Comment: The idea on the franc published last week remains relevant, according to which we expect growth. At the moment, the currency pair continues to press towards local support at 0.89032, which creates the possibility of a short-term small impulsive movement downwards. Buy-deals, however, are still a priority.
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High Probability Reversal On CHFJPYI continue to focus on structural moves on higher timeframes. This is another setup I identified, and here's a breakdown of how I derived my downside bias.
FOREXCOM:CHFJPY has been in an uptrend since January 2023. It topped out on August 21st of this year.
Price retests the high and fails to break higher.
Just a day after price retests the daily high, there was a large selloff. This is the first sign that buying volume is becoming more and more insufficient in propping price higher.
Now that I plotted upper and lower range bound levels, price broke below the 164.719 level in the previous session close. In the current session, price is continuing to trend lower, which further supports my bearish bias.
CHF/JPY which way?Hello Traders
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
CHFJPY SELLHi, According to my analysis of CHF and JPY, there is a good selling opportunity. We note that the pair broke the support at the level of 164.590. With a very large red candle. It also broke the moving average 200. The price bounced from the area but was unable to breach it. A descending channel has formed, indicating that the market is for sale. Good luck everyone
CHFJPY I Short-term buy and potential move lowerWelcome 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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CHFJPY H4 I Reacting off 38.2% Fibo?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 165.42, which is an overlap resistance that aligns with the 38.2 FIbo retracement.
Our take profit will be at 164.22 which is an overlap support level. The stop loss will be placed at 166.17, which is a swing-high resistance level.
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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.
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
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 :-)
CHF/JPY Gave Yesterday +110 Pips 0 Drawdown , New Entry Added !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.
CHF/JPY Gave 3 Hours Ago +60 Pips 0 Drawdown , New Entry Added !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.
CHF/JPY Giving Amazing Bearish P.A , Short Setup To Get 300 PipsThis 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.
MarketBreakdown | EURUSD, AUDUSD, AUDNZD, CHFJPY
Here are the updates & outlook for multiple instruments in my watchlist.
1️⃣ EURUSD daily time frame 🇪🇺🇺🇸
The market is currently trying to break a solid rising trend line.
Its breakout – a daily candle close below will be a strong bearish signal
and will most likely push the prices lower.
2️⃣ AUDUSD daily time frame 🇦🇺🇺🇸
AUDUSD is trading in a bearish trend.
Since the middle of August, the market is consolidating, though.
The price is stuck within a horizontal range on a daily.
The pair is currently approaching a support of the range.
Its bearish breakout will most likely trigger a trend-following movement.
A daily candle close below that will confirm a violation.
3️⃣ AUDNZD daily time frame 🇦🇺🇳🇿
AUDNZD formed a bearish flag pattern.
The price is currently approaching its lower boundary.
Its breakout will be a strong bearish signal.
4️⃣ CHFJPY daily time frame 🇨🇭🇯🇵
The pair is trading in a long-term bullish trend.
For the last 4 weeks, the market is consolidating within a horizontal range.
After the last test of its support, we see a positive bullish reaction to that.
The market will most likely keep growing to the resistance of the range now,
while its bullish breakout will trigger a new bullish wave.
Do you agree with my market breakdown?
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