CHF/JPY - Clear Break & Retest Of Pennant!
This pair has been ranging in between the symmetrical triangle pattern since the begining of May
Clear break & retest with bullish reaction to retest the gives me confidence in the CHF's strength against the JPY
10 + 50EMA has had a bullish crossover and are both sloping upwards showing potential bullish bias
JXY Japanese Index has been indicating weakness for the whole week, lets while SXY Swiss Franc Index gaining bullish momentum
Wait for price action to see how this fairs out!
Chfjpylong
GBPCHFHave waited long for this and finally it has broken. Now cooling off after putting so much efforts in breaking that wall. Guess when the Bear is done resting then its gonna begin dragging the price down as expected to the next support zone where she will likely cool off too before breaking past em cause the efforts put in the last break was much.
LOL!!!! Sorry for my weird analysis.
CHFJPY. Will the price match the pattern?Hello dear subscribers!
The price of the Swiss franc is in the cup and handle pattern.
The price should reach the level of 111.500.
Good luck to you.
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share me what you think for this pair i would heavily depend on fundamental analysis for this pair and am willing to take my action short it or going
according to this week candle either a sign for bounce and short or to hold for another round
am totally lost here so i would appreciate if you share me what you think
CHFJPY Ready for a Bullish Movement!!!We can see CHFJPY heading towards 111.70 resistance level. Currently, CHFJPY is at the trend support level and the first resistance line. When we use bollinger band to take a look at a look at this pair, we can see CHFJPY at the lower band with a bullish look and a interesting higher opening price today. I will update again when CHFJPY is near the resisatance 111.70. As of now, we are neutral at the level of resistance level but a breakthrough is definitely possible.
chfjpy trade setupthere is both ascendinf triangle on 4h chart and a bullish butterfly on daily chart. daily closing is important. blue box is the descendind triangle target. I will update the chart (butterfly tp) if it reaches the prz zone.first I open the short position first , the if it reach the blue lines I will look for a long position
CHFJPY technically based forecast
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💡 CHFJPY technicaly based idea, we can see price is bounce from bottom trend line, technicaly indicators showing we can expect bulish market, expecting to see push up in price till supp zone.
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