💡Don't miss the great buy opportunity in CHFJPYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (133.01).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 134.93
TP2= @ 136.25
TP3= @ 138.07
TP4= @ 139.56
TP5= @ 141.65
SL= Break below S2
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Chfjpylong
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 Long Trade OpportunityA buy trade opportunity recently presented itself on the CHFJPY trading chart. This is confirmed by the bullish engulfing candlestick pattern just above the 134.650 weekly horizontal resistance level. The level was recently broken by price, followed by a pullback and this idea is actually signalling a continuation of the upward move.
With SL at 134.500 (about 40.6 PIPS) and TP at 136.222 (about 131.6 PIPS), a R/R of 3.24 is possible.
Don't forget to do your due diligence by comparing this with your trade setup and seeking trading advice.
As always:
Look first, then leap!
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 | PARALLEL CHANNEL TOPCHFJPY | PARALLEL CHANNEL TOP
CHFJPY has been trading in bullish parallel channel and current price is approaching to the top of the channel. The upside is limited to the the mention zone and shall remain sell on strength.
Alternatively, breaking above the channel will bring more buyers in the party and the pair can trade to all time high
Trade your levels accordingly.
CHFJPY BUY!!CHFJPY has been trading inside the given parallel channel since the start of 2020. a rather slow moving pair , but as of now i expect it to go up until the upper resistance of 127.8 in the near future ! to further strengthen the idea, currently a bat harmonic pattern can be observed on 1 hour time frame . As of now , my targets 1 and 2 are 127.05 and 127.8 respectively !
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.
Share a comment below and let me know your view on this pair!
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Trade safe!
CHFJPY | Range breaks buyCHFJPY has been in a range since the start of January ealier this year, the pair has given a breakout from the range and is trading above it.
One can build long position in it.
Alternatively, breaking below the range will call back bears in the party.
Trade your levels accordingly.