Get started

CHFJPY

CHFJPY Heading up to 160.72 based on a Cup of TCup and Handle formed recently with CHF/JPY. The price broke above the brim level, and is showing strong momentum up. Other indicators confirm. 7>21>200 RSI>50 Target 160.72 SMC: Sell Side Liquidity order block is below the Handle of the Cup and Handle. A little concern is that there is BUY side Liqudity (Shooting Star) as of today and yesterday. This means, we could see the market come down a blip before it turns up again. It will give us a conservative entry point for those who aren't long or are long and want to pick up with their position even more.
Long
by Timonrosso
3
Support levels at 147.55 for potential rebound in CHFJPYThe USDCHF pair has broken out of a 7-month downtrend channel, indicating a potential shift towards an uptrend. This breakout is confirmed by breaking through two resistance levels: the March 2023 resistance level of 147.550 and the November 2022 resistance level of 148.850. On the 4-hour chart, the price has reached 149.550 and is forming a double top pattern with a bearish divergence on momentum indicators, suggesting a possible price correction. Waiting for the price to reach the previous support zone at 147.55, where there is an ascending trend line, the 50-period moving average on the 4-hour chart (and 200 on the hourly chart), Fibonacci levels of 38.20 and 50, is expected to trigger a bounce-back to above 150. ------------------------------------------------------------------------- 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!
Short
by Candlestick_OB
JPYX Correction ENDING soon. **READ**JPY INDEX correction is coming to an end and how does this helps us make good money? JPYX goes DOWN, xxxJPY goes UP like fire! Direction is currently BEARISH (Reason - PA, BB, EMA CLOUD, ICHI,DIV anticipation) // ENTRY for xxxJPY // When JPYX reaches those zones, take a LONG on xxxJPY (CADJPY, CHFJPY, AUDJPY, NZDJPY preferably) and also there's a room for scaling here. // INVALIDATION // IF JPYX close ABOVE PWH then we need to hedge out and roll out the position (Learn this in the channel). TARGETS - We will exit our xxxJPY trades when JPYX hits 200EMA on H4 P.S I will post money making trades like this everyday and everything you see on my chart is from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator. (The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready). No trend lines or complicated analysis, all you have to do is FOLLOW!
PEPPERSTONE:JPYX
by TheHOODofCRYPTO