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Chfjpyanalysis

CHFJPY Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of CHFJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Market reached monthly resistance which is also a major structural level (last touch was in Sept 2018) that has pushed price to the downside on each occasion and price is dropping as expected. W > Price dropped to complete W formation and continued further till demand zone coinciding with 0.5 Fib level on last monthly bullish impulse. Price reversed to move up till 0.618 Fib level on last weekly bearish impulse and dropped to the downside. D > Price has created an M formation on its way down, we can expect a reversal to the upside for it to test the neck and complete M formation. Price can drop till daily demand zone before reversing. As per COT CHF saw addition of Long and closure of Short, improving net positions further. SXY was strong during the said week but it lost steam last week. JPY saw closure of Long and major Short positions improving net positions however N-R added major Long and few Short positions, improving cumulative net positions. Commercials have added both Long and Short positions, bringing their Shirt positions to highest in current year, in effect increasing total open interest in JPY. JXY improved its position during the said week and further improved it last week. 4H > Price is currently moving in bearish trend creating LH and LL but loss of momentum can be seen. Price can continue to drop further down before reversing for bullish trend. Pair Correlation > CHFJPY has positive correlation with EURJPY, CADJPY nad EURUSD and EURJPY and negative correlation with USDCAD and USDCHF. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Long
by AP17FX
CHFJPY Could Take A Bounce From Here...CHFJPY is currently at a critical support level @114.37 price level. This strong support level managed to hold price level for CHFJPY and I will be looking our for a short retest before any form of BEARISH continuation. From a Bollinger Band point of view, we could see a middle band retest for now before any big BEARISH movement. Ichimoku Cloud is showing a similar outlook with price level moving to the downside but similarly I will potentially a build up before a potential fall. As of now, I am BULLISH for this pair for a short term trade. Will update again for further movements. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex
CHFJPY: Quick Move to the Resistance...Possible Rejection!!!Looking at CHFJPY, we can definitely see a strong BULLISH movement for this few days. However, currently what we are seeing is price moving towards a resistance level where I believe a rejection is definitely possible. This lies down to Wednesday or Thursday 's candle where we should be looking out for a clean rejection from here to confirm our BEARISH position. So why am I seeing a potential rejection from here? Firstly, according to my support and resistance level I can see that BEARISH pressure is building up for this pair. We can see that several rejections do take place at this level if you were to look at price action of this pair. From a fibonacci point of view, we can see price moving towards 78.2 fib level where we can see a potential rejection from that level. Lastly, ichi cloud shows me an interesting short opportunity if a rejection was to happen here. Having said that, there is also potential possibility of a breakout but we shall not predict such movement rather adapting to it when it comes. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
CHF/JPY SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. CHF/JPY: Day-Swingtrade-Execution Notice: Aggressive manageent as we execute ahead opening! Market-Sell-Order: 115,935 Stop-Loss: 116,180 Target 1: 115,700 Target 2: 115,500 Target 3: 115,300 Target for One-Target-Trader: 115,500 Stop-Loss: 25 pips Risk: 0,5% - 1% Risk-Reward: 2,62 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
2
CHFJPY Missed Opportunity - Future Setups ???Here's a trade setup that I was looking at earlier today. Unfortunately I missed out on the big move due to work commitments, but no matter! I'm interested to see how price reacts when it reaches the next key level @ 116.200. There's a few scenarios that could play out here, I'll break them down below. Scenario 1 We see a move past the last peak and a continuation upwards, we'd be looking at a target around 116.900. Scenario 2 We enter a ranging market and we try to avoid trading as there is no clear direction. We could also see a huge reversal to the downside which we could catch some nice profit from. As always, we will see what price wants to do! :)
by conappleton
CHFJPY Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of CHFJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Market reached monthly resistance which is also a major structural level (last touch was in Sept 2018) that has pushed price to the downside on each occasion. Hence we can expect a drop. W > Price dropped to complete W formation and continued further till demand zone coinciding with 0.5 Fib level on last monthly bullish impulse. Price reversed to move up till 0.618 Fib level on last weekly bearish impulse and reversed again to the downside. D > We saw an M formation and price moved up to test the neck and complete formation. We expected price to drop but it continued to rise up and faced rejection at daily supply zone. As per COT CHF saw closure of few Long and addition of Short positions, reducing net positions whereas N-R saw addition of both Long and Short positions increasing cumulative net positions. SXY further improved its position during the said week. However SXY weakened last week. JPY saw addition of few Long but more Short positions reducing net positions further. JXY lost its position for the said week but ended with a Doji. However JXY improved its position last week but again ended with a Doji. 4H > After drop price is stuck at demand zone it created during its last bullish move. We expect a break to the down side to test weekly demand zone. However we also have an upward support trend-line to consider where price can reverse. Pair Correlation > CHFJPY has positive correlation with EURUSD and EURJPY and negative correlation with USDCHF. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
CHFJPY | PERSPECTIVE FOR THE NEW WEEKCHFJPY price made a strong bearish move rejecting a Key zone around Y116.000 to propose a possible ABCD pattern in the future. Tendency: Downtrend ( Bearish ) Structure: Retracement | Supply & Demand | Harmonic (AB = CD expectations) Observation: i. Inability of Price to break above Y117.500 in Aug & Sep 2020 has led to a Reversal pattern that points down. ii. ABCD pattern is sighted with parameters explained below; a. Impulse A-to-B will be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move. Trading plan: SELL confirmation with a minimum potential profit of 350pips. Risk/Reward: 1:4 Potential Duration: 10 to 20 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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.
Short
by darcsherry
CHFJPY SWING TRADE 12-OCT-2020Good day friends. Give us a thumbs up if you like our idea. Follow my profile to get new ideas and trade setups everyday CHFJPY-Technical analysis ⚡️price is well below the 116.00 and key resistance level ⚡️Rising wedge formation is about to end which is a clear sign of Bearish trend ⚡️Swing target would be 114.400 ⚡️115.00 Area will act as barrier for bear ⚡️CHFPY has reached the upper side of the Bollinger bands SWING TRADE -CHFJPY Sell @ 115.850 Take profit @ 114.420 Stop lose @ 116.370 140 Pips target Don't risk more than 1% of your capital
Long
by forexorbit