CHFJPY bearish for 118.50 target #CHFJPY, JPY one year bearish extreme position. 13k shorts removed by professionals by last three weeks. chf one and five year bullish extreme positions suspect weakness ahead. 6k long removed in chf by last four weeks. 12% long removed chf bylast four weeks. 111.70 and 120.25 supply zone for short. stop loss above 120.70 i.e 120.80. Target 118.50
Chfjpyanalysis
CHFJPY Sideway ? Long Short Position ? 16/7/2021
CHFJPY Previous Uptrend and Break below
Currently CHFJPY making Pattern and in sideway.
So we will look to Buy at SUpport and Sell at Resistance .
Entry 1 - 119.35
Entry 2 - 119.10
TP 1 - 119.700
TP 2 - 120.150
TP 3 - 120.600
TP 4 - 121.300
SL - 118.85
This is not Signal
Thank You
CHFJPY | Perspective for the new week | Follow-up detailsWe witnessed over 500pips move in our direction since my last publication on this pair (see link below for reference purposes) and it appears we are at another juncture where a possible Trend continuation is looming. The general risk-off tone of the markets is very likely to surge the Swiss franc into a higher high as I anticipate a Breakout/retest of Neckline @ Y120.700 area to clear all doubts off of Bearish tendencies.
Tendency: Uptrend (Bullish)
Structure: Supply & Demand | Reversal pattern (Double Bottom)
Observation: i. In the view of a long term perspective that projects Bullish expectations, it is pertinent that we notice that price has continued to remain above Y119.000 since it broke above this level on the 29th of April 2021.
ii. The Swiss Franc lost all it had gained (over 300pips) between 29th of April and 15th of June 2021 and at the time of writing this report price has come back to settle at the Demand zone where the Bullish run started.
iii. The price consolidating between Y119.000 and Y120.700 confirms the indecision that has gripped the market in the last 3 weeks which also calls for patience if we plan to trade this pair in the coming week(s).
iv. The appearance of a Double Bottom (an extremely bullish technical reversal pattern) inside the Demand zone expresses a build-up that supports a change in trend and a momentum reversal from prior leading bearish price action as the twice-touched low @ Y119.000 area confirms this zone to be a strong support level (as long as it is not broken).
v. Considering the Impulsive Bearish move prior to the consolidation phase; I look forward to a Breakout of Neckline (key level @ Y120.700) for confirmation to hop in a rally.
vi. It is also necessary that I state here that the Demand level is exactly at a 61.8% retracement of a Bullish Impulse leg on a higher time frame (see weekly chart).
vii. Even as I remain unable to rule out a possible breakdown of Demand zone, Break out of key remains our yardstick for Bullish expectation in the coming week (s)... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 300 pips.
Risk/Reward : 1:5
Potential Duration: 7 to 15days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
CHF/JPY New Short Setup To Catch 150 Pips, Lets Catch It 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
CHFJPY more room the upsideLast Week CHFJPY tested demand & rallied to the upside breaking the minor downtrend market structure. Currently market is in imbalance between 120.20 & 120.70. My bias for this market is bullish unless it makes a new lower low and breaks the current market stucture. From Daily timeframe CHFJPY seems bearish but last week it failed to make a new lower. So, hopefully with a bullish price action this pair can shoot up to the major supply area to fill out the void of the market before it falls down.
CHF/JPY New Short Setup Available To Catch 100 Pips ! 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 showing bearish price action at the resistance levelCHF/JPY is currently struggling to overcome the resistance at 122.50 area.
The last few candlesticks on the 4H chart indicates some bearishness.
So, based on this bearish price action, traders can consider selling the the resistance
with initial target as shown by the arrow marked in my chart.
CHFJPY long trade idea Daily chart in a bullish trend
H4 chart - initiated bullish trend and had retraced to 50% fib level, rejecting from a previous level of resistance (H4 projection projection -27% fib level)
30m chart - Break of resistance creating a new high after a double bottom, was waiting for a retracement for to the 38.2%or 50% fib level, however started ranging between 0 and 23.6% and broke the resistance level, entering on the retest of this level as support to try and take at least to previous H4 resistance.
CHF/JPY BUY IDEAHey tradomaniacs,
welcome to another trading-setup!
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
CHF/JPY: Daytrade-Preparation
Market-Buy: 121.700
Stop-Loss: 121.540
Point of Risk-Reduction: 121.850
Take-profit: 122.350
Stop-Loss: 16 pips
Risk: 0,5% -1%
Risk-Reward:4,0
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Peace and good trades
Irasor
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CHF/JPY New Long Setup After 4H Candle Closure To Catch 120 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
CHF/JPY Running In 100 Pips Profits , Did You Entered ?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 Full Analysis And 2 Setups Available After Confirmation 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