CHFJPY
CHFJPY Long Term Buying Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
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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.
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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.
CHFJPY: Bulls Will Push Higher
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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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
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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.
CHFJPY I It will correct downward Welcome 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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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.
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
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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 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
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.
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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.
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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!
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.
CHFJPY - Wait For The Bears ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on H4: Left Chart
As per my last analysis (attached on the chart), CHFJPY rejected our 158.5 support and traded higher.
Now CHFJPY is sitting around a strong supply zone so we will be looking for sell setups on lower timeframes.
on M30: Right Chart
CHFJPY is forming a potential double top pattern but it is not ready to go yet.
For the bears to take over, we need a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, CHFJPY would be overall bullish and can still trade higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CHF/JPY SHORT SETUP ON H1 - LONG TRADEOn CHF/JPY, we have a bearish setup on the H4 timeframe, with the price currently at 162.16 and potentially retracing to 160.40 before resuming upward movement to retest the trendline. Moreover, at that point, we have a FVG, which indicates a high probability of reversal. Let me know what you think. Have a great Trading week, everyone, from Nicola, the CEO of FOREX48 Trading Academy.
CHFJPY: Everything depends on JPY NOW!!Dear Traders, hope you are doing great and having amazing weekend. CHFJPY recently in strong bullish impulse price consolidated and extracted taking CHFJPY prices to all time high. We need some strong pullback so that market price structure have some stability.
There are two scenarios, firstly if JPY remains bearish then we will seeing prices going higher and higher. Though, a strong pullback is expected. Secondly if JPY reverse then we can see a strong pullback of 600-800 pips.
GOOD LUCK
CHFJPY - Continuation Higher?Analysis:
Strong upwards trend (bullish confluence factor)
Break and retest of previous area of resistance for support (bullish confluence factor)
50% fib retracement touch (bullish confluence factor)
Upwards trendline touch (bullish confluence factor)
CHF is the 7th strongest major currency whereas the JPY is the 8th strongest major currency (bullish confluence factor)
2K short position increase for the CHF (bearish confluence factor)
27K short position decrease for the JPY (bearish confluence factor)
Comments:
Whilst some of the fundamentals go against our bullish thesis, we still have the technicals and some fundamentals pointing to bullishness on this pair. With the majority of the confluences we pay attention to pointing to bullishness and with the setup we see, we have enough confidence to have a bullish outlook on this pair. Only time will tell if we're correct but from what we can see currently, we see price continuing this bullish rally that it's in and heading higher.
Stay Safe - The JPI Team
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Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
CHFJPY - Following The Trend ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
CHFJPY has been overall bullish trading inside the rising broadening wedge in red, and it is currently retesting the lower trendline.
Moreover, the blue level is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower blue trendline.
As per my trading style:
As CHFJPY is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich