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Chfjpybuy

20 Reason for Buy CHFJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle Eye: The market is currently approaching the all-time double top area and momentum remains bullish. It will be interesting to see what happens next. 2:📆Monthly: A strong and established bull trend has been forming for the past 9 months, indicating the potential for a future bull run. 3:📅Weekly: Last week, the market took a strong bullish support at the Fib 38 price level of 137.800. A doji with confirmation suggests that everything seems bull supportive. 4:🕛Daily: While the market has been in a clean bearish trend, a QC of the last 15 candles indicates that the trend is weakening. A minor correction is expected, followed by a potential buy entry at this level. 😇7 Dimension Analysis 🟢 Analysis Time Frame: D1 5: 1 Price Structure: Currently showing an inner bullish structure. 6: 2 Pattern Candle Chart: A "N" pattern suggests a proper bullish formation, indicating a potential buy signal. 7: 3 Volume: A massive volume in the current consolidation area can be seen. 8: 4 Momentum UNCONVENTIONAL RSI: Currently showing sideways to bullish momentum. 9: 5 Volatility measure Bollinger Bands: No significant volatility has been observed yet. 10: 6 Strength ADX: Currently showing total sideways movement. 11: 7 Sentiment ROC: The CHF is stronger than the JPY based on the ROC monthly period 1. ✔️ Entry Time Frame: H4 12: Entry TF Structure: A bullish structure has been observed. 13: Entry Move: The current move is corrective, and waiting for an impulsive move to start is recommended. 14: Support/Resistance Base: The daily FVG support area can be used as a base for potential trades. 15: FIB: Waiting for a trigger event or trend line breakout is suggested. ☑️ Final Comments: It is recommended to wait for the correction to end before making a trade. Once the correction ends, a 15-minute bullish candle can signal a potential buy entry. 16: 💡Decision: Buy 17: 🚀Entry: 144.400 18: ✋Stop Loss: 140.700 19: 🎯Take Profit: 160.633 20: 😊Risk to Reward Ratio: 1:4.22 🕛 Expected Duration: Based on the current analysis and market conditions, it is estimated that it may take up to 2-3 weeks for the price to reach the target price of 160.633. However, market conditions can change quickly, and it is important to regularly review and adjust your trades accordingly.
Long
by Optimum369
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".
Long
by AlphaTradingStation
20 Reason for Sell CHFJPYMULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑 🧐Eagle eye: The trend is Super bullish and also taps the highest Ob or resistance so that a reversal can start now-massive volume at the last 12-month candle sign, an execution volume sign of long deep retracement or correction Monthly: Last strong Bull move hit its target successfully, and now a deep correction is coming. The correction level is some whare 123.00, about 61% of the total move, because there is no FVG or Ob and other support. Weekly: A lot of liquidity grabs and long wicks bears candle appeared on the top, make back to back higher lows since the last 10 weeks SUMMARY 1 Structure analysis time frame: D1 a rectangle is formatted most probably lower trend line will breaks and prices will go done 2 target time frame: daily 3 Current Move: impulse 4 Entry Time Frame: H4 4.1 Entry TF Structure: bear 4.2 entry move: impulse 5 Support resistance base: h4 ob tap 6 FIB: 7-candle Pattern: Narrow range 8 Chart Pattern: head and shoulder 9 Volume: extremely high volume at the consolidation phase. It's strange and unusual. It means if the price may go down, it will be so sharp and perpendicular 10 Momentum UNCONVENTIONAL Rsi: sideways between 30 to 60 11 Volatility measure Bollinger bands: middle band resistance 12-strength ADX: full sideways 13 Sentiment ROC: JPY is weaker than CHF. This is not favorable but let see 14 final comments: wait till the lower trend line breakout immediately enter after the breakout 15: decision: sell 16 Entry: 144.785 17 Stop losel:146.345 18 Take profit: 134.55 19 Risk to reward Ratio:1:7 20 Excepted Duration: 15 days
Short
by Optimum369
CHFJPY Buy/Long1: Trendline Breakout 2: Symmetrical Triangle Pattern Breakout When looking at the larger time frames, we can see that CHFJPY is bullish . We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend. We have listed 2 reasons as to why we will be looking to buy the pair. The trendline breakout on the daily chart signals shows the pair might have gained interest of buyers. The symmetrical triangle pattern breakout further adds to our narrative of a continuation to the upside.
Long
by NDOBObanks
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