The week of 23 Jan CHFJPY – Opportunity to grab +1300 pips … butBut do you have the discipline and patience??
This pair has been rising since June 2021 but things may be changing now. As my daily chart shows, price has crossed below the 200 SMA and has just retested it from below. Also important is the fact that it has been rejected with a nice pin bar on a daily basis. It is not the nicest looking downtrend but the sequence of lower highs and lower lows is very much present. We have enough evidence that the market is not accepting high prices.
As I said above, there is the potential of more than a thousand pips here. But holding on for a long period is not easy, it requires:
- a wide stop loss say +300 pips (to be above 143.10)
- total belief in this trade for a few months.
- the ability to see the market go against you multiple times.
- patience to hold the trade for an extended period of time.
- overcome the urge to move the stop to break even too early.
If you can do all that, this may be a great opportunity to obtain massive profits. This may be an early stage of a downtrend and if it continues and strengthens, it could last a long time. Otherwise, hold that bearish bias for several months and look to take multiple smaller trades as this pair makes its way to the downside.
Nothing is 100% in trading, but I have a high degree of confidence in this trade.
As always, use sound money and risk management and stay patient in all your trades.
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What do you think about this trade idea? Please comment and share your thoughts!!
Chfjpyanalysis
DeGRAM | CHFJPY potential long after the retracementCHFJPY is trading in the descending channel on hourly.
The market broke and closed above the trendline and psychological level 141.000, indicating that the pullback has ended.
We expect a retest of the major resistance before the major trend continues.
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DeGRAM | CHFJPY selling opportunityCHFJPY is trading in the descending channel on the 4H timeframe.
The market is testing the resistance level (swing zone) and dynamic resistance.
Price action is printing lower lows and lower close indicating bears are in control.
The price is likely to test the support level .
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CHFJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my perspective on CHFJPY .
Here we are bearish from daily perspective, so I am looking for shorts. I expect price to continue the retracement and then to reject from bearish orderblock + institutional big figure 143.000.
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CHFJPY long 6hHello, my dear friends and fellow traders. What we are going to look at today is the CHF/JPY currency pair.
Well, this stock has a bearish trend in the higher time frame, and it is currently trading in a sharp decline. But it has reached a support level in the sharp decline and is unable to break it.
So, the price of this pair is showing a slight uptick. At this situation it is a good idea to take a long position in this space and expect a profit ratio of 1:3.
Currently the buyers are more likely to jump into this currency pair.
It is wise to follow your risk management before taking entry.
I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways.
Thanks & regards,
Alpha Trading Station
FOREXCOM:CHFJPY
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
CHFJPY - Retracement expected ✅Hello traders!
‼️ This is my analysis on CHFJPY .
Here we are bearish from daily perspective, so I am looking for shorts. I expect price to make a retracement to fill the imbalances higher then to reject from bearish orderblock.
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CHFJPY: a SHORT TERM BUYHello, everybody and welcome to BIGPAPA Forex, today we are going to be analyzing the CHFJPY pair, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities
CHFJPY Trading Plan - 9/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect CHFJPY to go Down from these levels.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
20 reasons for Sell CHFJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: 1979 to 2023, about 40 years double top
2 📆Monthly: A clean uptrend but now in the corrective mood
3 📅Weekly: structurally market is in downtrend
4 🕛Daily: a clean downtrend toward monthly retracement targets
😇7 Dimension analysis
🟢 analysis time frame: daily
5: 1 Price Structure: bear
6: 2 Pattern Candle Chart: flag
7: 3 Volume: biggest bearish volume
8: 4 Momentum UNCONVENTIONAL Rsi: Sideways
9: 5 Volatility measure Bollinger bands: middle band retracement
10: 6 Strength ADX: bears are in strength
11: 7 Sentiment ROC: joy is in strength
✔️ Entry Time Frame: H4
12: Entry TF Structure: bear
13: entry move: waiting impulse
14: Support resistance base: imbalance area
15: FIB: trigger event fill occurred
☑️ final comments: sell
16: 💡decision: sell pending order
17: 🚀Entry: 142.490
18: ✋Stop losel: 144.970
19: 🎯Take profit: 134,570
20: 😊Risk to reward Ratio: 1:4
🕛 Excepted Duration: 10 days