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CHFJPY

CHFJPY - Strong Resistance - Bearish Reversal! Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart CHFJPY is sitting around a strong daily resistance, so we will be looking for sell setups on lower timeframes. on H1: Right Chart CHFJPY is formed a channel in red but it is not ready to go yet. 🏹 For the bears to take over, we need a momentum candle close below the last major low in gray. Meanwhile, until the sell is activated, CHFJPY can still trade higher and even break the resistance upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
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by TheSignalyst
3
CHFJPY Technical Analysis: Potential Sell SignalThe CHFJPY pair has reached a strong resistance zone and is now forming a flag pattern with a clear divergence on momentum indicators. It has also formed a double top pattern, waiting for a breakout of the pattern to the downside and a breakout of the uptrend line to confirm a good selling signal. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
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by Candlestick_OB
CHFJPYCurrently, the CHF/JPY index is experiencing a decline. This index represents the exchange rate between the Swiss Franc (CHF) and the Japanese Yen (JPY), and is one of the less traded currency pairs in the forex market. Various factors can lead to the decline of the CHF/JPY index, including economic, political, and global developments. For example, changes in interest rates, fluctuations in the stock market, and overall economic conditions of countries can all affect this index. If the CHF/JPY index is currently experiencing a decline, it may be due to various factors. For instance, unfavorable economic developments in countries with the CHF currency may drive investors away from this currency. Additionally, an increase in interest rates in countries that hold JPY currency can strengthen this currency against the Swiss Franc. To have a better understanding of the reasons behind the decline of the CHF/JPY index, it is necessary to pay attention to technical analysis of the forex market and relevant news. However, in general, a decline in this index indicates weakness of the Swiss Franc against the Japanese Yen and creates challenges for investors who hold assets related to the Swiss Franc or are engaged in trading with this currency. As with all forex trading, it is important to closely monitor market conditions and have a strong understanding of the underlying factors that can affect currency rates.
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by hyfx
CHFJPYWe continue to place sell orders for a 15-21 day swing. But if you have not entered and you are one of those who do not operate with 20 or 50 pips stoploss, this is your operation. Here putting less than 130-150pips stoploss does not make sense. And the take profit sure goes much lower, but a first exit point and a protection of the rest could be at the point marked on the chart. Nosotros seguimos poniendo ordenes de venta para un swing de 15-21 dias. Pero si no has entrado y eres de los que no operas con 20 o 50 pips de stoploss, este esta es tu operacion. Aquí poner menos de 130-150pips de stoploss no tiene sentido. Y la toma de beneficio seguro se va mucho mas abajo, pero un primer punto de salida y una proteccion del resto podria ser en el punto marcado en el grafico.
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by SGsauragestion
CHFJPY ON DAILY RESISTANCE ( SELL ZONE )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
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by traderchamp_