CHFJPY ShortHello traders, trust you had a great week, here we come again. And from my watch list, i've analyzed CHFJPY for the week as we look forward for potential pull back from the resistance zone.
Right from the daily time frame to 1hr time frame, there is a clear indication from the 200 SMA with a confirmation of 61.8 fib level against the up trend which shows a significant support level and we are waiting for a pull and a short position @ 131.300 and take profit at 38 fib level.
Thanks
Chfjpyforecast
CHFJPY | Perspective for the new week With the significant growth of 10% since February 2022; the Swiss franc can be said to be the dominant currency during the first quarter of 2022. We have two scenarios to work with as the possibility that a trend continuation to the upside is feasible and at the same time there is a possibility that a breakdown of the key level at the 132 area could be a consequence of the reversal pattern identified on the daily time frame which might incite a retracement wave into the buy opportunity zone at around 128 where we shall be looking forward to the beginning of new bullish momentum.
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.
Jamie Gun2Head: Sell CHFJPYTrade Idea : Selling CHFJPY
Reasoning: Broken out of consolidation pattern to the downside - looking for this to be extended
Entry Level: 133.72
Take Profit Level: 132.51
Stop Loss: 134.12
Risk/Reward: 3.02:1
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CHFJPY | CHANNEL BROKEN !! SELL!!CHFJPY | CHANNEL BROKEN
CHFJPY has been trading in bullish parallel channel and recently it has broken the channel and trading below it. We are expecting the continuation of bearish trend from here and one can adopt sell on strength strategy from here.
Trade your levels accordingly.
CHFJPY | New PerspectiveIt has been strong bullish momentum in the last couple of weeks and it appears we might be heading for a retracement in anticipation of a trend continuation to the upside. In this regard, we are hoping to take advantage of a counter-trend opportunity if it finally happens. A reversal pattern is identified on the 1H time frame and a signal is confirmed considering the broken neckline. At this juncture, it is advisable that we wait and see how the price reacts to the neckline.
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.
CHFJPY LONG - Buy Entry - H4 ChartCHFJPY LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: CHFJPY
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Last High Resistance @ 134.605
Resistance @ 133.419
Support @ 131.607
Support @ 131.022
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CHFJPY BULL RALLY SMASH TARGETAfter 1 year 6 months, CHFJPY smash target of 1,400 pips, and in total, 3 positions was taken with 3 different target of overall pips of 2,450.
Wealth is quiet, less is more to what i have to say on this analysis, if you are seeing this, i want you to know you can truly become a successful forex trader if you have the right coach...
cheers to CHFJPY its great to actually smash target, first it seem impossible and with time, it just feels great trusting your analysis.
Initial Signal from SEPTEMBER 2020
‼️BUY STOP ‼️
CHFJPY
ENTRY: 117.000
TP1: 120.500 (350)
TP2: 124.000 (700)
TP3: 131.000 (1,400)
TOTAL PIPS: 2,450
TRADE WITH PROPER RISK MANAGEMENT
I am forever STUCKINPROFIT
CHF/JPY GETTING READY FOR THE CREATION OF THE NEXT HIGHER HIGHMonthly
The price is currently creating higher highs and higher lows. We could expect a creation of a new higher high.
Weekly
The situation is the same as monthly time frame. The price is creating higher highs and higher lows. The price is getting ready to create a new impulse.
Daily
The price was creating lower highs and lower lows. Currently the price is creating a higher lows. The price is now in confluence with monthly and weekly. We could expect the creation of a higher high in the weekly time frame.
CHFJPY, which Safe Haven currency will be stronger?Hi Traders,
With the on going situation happening between Russia and Ukraine, investors seem to be turning to safe haven currencies as tensions escalate. Looking at the current price action, we can still see many bearish developments with indication more downside is possible. We may get another touch at the top of the ascending channel that price is currently moving within, however we may start to drop as JPY seems to be gaining momentum as this past week closed off.
Be patient and follow your trading plan, don't get trapped in the corrective phase.
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Trade safe!
CHFJPY BULL'S ARE IN CONTROLL! {10/02/2022}Educational Analysis says CHFJPY may go LONG. According to my technical.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why long?
On 4HR AND 1HR timeframe pair is making HIGHER HIGH AND HIGHER LOWS.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS
HOW TO TAKE ENTRY ON THIS?
On 15 min timeframe, pair broke the small trendline and price push towards also pair is making higher high and higher lows, confirmation also broken the previous resistance.
ENTRY :- 125.162
STOP LOSS:- 124.890
TAKE PROFIT :- 125.590