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Chfjpyanalysis

Possible bullish price movement for CHF/JPY💡Hello traders, Hope you all have a fantastic day ! I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis. CHF/JPY has been in uptrend for a while. Price has been inside this ascending channel since early May. Now price is approached support line of this channel and we believe price is going to go higher for new highs. Let us know what you think about this idea. Trade safe !
Long
by UnknownUnicorn3249870
CHFJPY short trade idea (ROADMAP)a rising wedge pattern gives us a short market bias but we need more evidence before placing any sell order, wait for the price to breakout the support level 1! **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
3
CHFJPY Bullish Potential....Up to 400pips target!!!CHFJPY has broke out its 114.45 resistance level which now turns into a rather important strong support level for CHFJPY. Looking at bollinger bands we can see it travelling down to the middle band which I believe will be the level of rejection as current price level is retesting the broken resistance level and could potentially give us a good movement to the upside. Next crucial level will be 118 price level resistance level which we have previously see several rejections at the level. Also, from a fibonacci extension point of view 161.8 fib level will be a level to watch. Therefore, there will be slight resistance pressure when we approach closer to 161.8 fib level and resistance level @118 price level. As of now, I see a good BULLISH trade opportunity. 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 POSSIBLE SHORT**ENG** - Price is now reaching our 4H resistance level, we are expecting a drop from this area to the 38,2% FIB zone, RSI is also on the verge of crossing to the overbought side, wait for a candle confirmation before entering. **PT** - Preço está de momento a atingir a nossa zona de resistência nas 4H, estamos à espera de uma queda nesta zona, fazendo um pullback até à zona dos 38,2% do FIB, o RSI também está bastante próximo de níveis sobrecomprados, aguardar por vela de confirmação antes de entrar. Em caso de quebra, apenas entrar no retest.
by Wevesting
CHF/JPY 5 ConfirmationsGood day, snipers. In the previous week, CHF was the strongest among the currencies and I presume that this strong move will gradually dissipate. Here in the CHF/JPY, we can see that price recently visited this minor are of resistance. Also, a trend channel is present with the same angle where price bounces off which means that we are having lower lows and now at the resistance zone of the trend channel. Also price has rejected the 78.6 Fib level. Next are indicators. RSI shows clear signs of overbought levels on the 1H and MACD also shows a trailing movement above and has come to converge. I am just waiting for a better bearish candle close. I will send the perfect entry to my students. Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below.
Short
by SniperFXFree
CHFJPY BIG SHORT INCOMING?!ENG - Price reaching our FIB reversal area, having the ex-supportive trendline as an extra resistance, we are expecting a reversal from this area, however, if we get a break we will be looking for an entry at our HH. PT - Preço a alcançar a nossa zona do FIB à qual achamos promissora para um reversal, tendo também a nossa ex-supportive trendline a ajudar como uma resistencia extra, estamos à espera de um reversal nesta area mas em caso de quebra, iríamos procurar nova entrada no HH atual.
by Wevesting
CHFJPY, 4-hour timeframe, double top patternBased on the 4hr chart we could see there is a potential double top pattern on this pair. Previously this pair moving up inside a neat uptrend channel. During the last 3 trading days starting from thursday, friday, and monday, price managed to move below the channel and probably gonna make a lower high. Currently price hovering around 114.30-114.35 area which is the 78.6 fibonacci retracement from the recent drop Sell CHFJPY 114.30-35 Stop loss 114.80 Take profit 1 @113.35 Take profit 2 @112.20 good luck
Short
by HayatoDragonFX