H4 - Bullish trend pattern. Higher highs. No opposite signs. Until the strong support zone holds I expect the price to move higher further after pullbacks.
H1 - Bullish trend pattern followed by a pullback. No opposite signs. Until the two strong support zones hold I expect the price to move higher further in the short term.
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H1 - Bullish convergence. Currently it looks like a pullback is happening. Until the strong support zone holds I expect the price to move higher further after pullbacks.
Japan did not increased its interest and this may cause its bearish momentum. I believe CHFJPY will rise next week.
Wait for the closing of any H$ candle above the previous high of the last week. When candle closed above the previous week high then look for buying opportunity on it. Target is already given.
Hello, 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. ...
22nd August daily inside bar range confined with the previous bar range closed off the low. supply zone area for short 142.50, may short cmp with half risk as well. stop loss 140.40, target 140.70.
hello, good day to all readers and traders, Core approach: JPY to strengthen much during H2/2022 Instrument: CHF/JPY FX_IDC:CHFJPY trade type: POSITIONAL duration: H2/2022 ingredients: bias, plan and PATIENCE strategy with CHF/JPY: selling on weekly basis as long > 140 without going too "crazy" with the use of leverage. simplicity is the core of this...
#chfjpy, 30th June made inside bar indication for short. 1st July insurance bar further confirmation for weakness ahead. 137.90 previous resistance broke now that is support level. so 137.90 ideal profit taking level.
Hello, for next week I want to see CJ move to the 140.00 price range then hit the -27.00% former structure fib level and within new fib structure fib level of -61.80%, after hitting that point I expect a reversal as there is also divergence. although divergence on higher time frames can take some time to play out, Also basing on market structure we ae still in an...
Hello, this is my analysis for CJ, currently we are in a continuation phase as the continuation phase is always the same as the impulse, as the market moves in three ways, impulse, correction, continuation. More so, price is making a higher point than he previous high. Overall this a bullish movement, although am spotting some divergence, but keep in mind...
#chfjpy, 9th june inside bar, 10th june insurance bar dictating weakness for downside. 136.30 strong supply zone. stop loss 136.80, target: 132.80
Hello everyone, if you like the idea, do not forget to support with a like and follow. We can see on the COT - Commitment of Traders, which is what Hedge funds and the non commercials so the biggest in the market are doing. Where we can see that CHF's net positions have been decreasing, where we went from having positive 9,678 net positions to down to minus...
#CHFJPY, JPY one year bearish extreme position. 13k shorts removed by professionals by last three weeks. chf one and five year bullish extreme positions suspect weakness ahead. 6k long removed in chf by last four weeks. 12% long removed chf bylast four weeks. 111.70 and 120.25 supply zone for short. stop loss above 120.70 i.e 120.80. Target 118.50
As we can see chfjpy has hit Demand area and also we see the corrective movements from chfjpy i expect chfjpy will go down to test his support as well we still waiting for bearish flag on lower timeframe (15 minutes - 1H) to find confirmation however this scenario can be fail if chfjpy broke resistance set your own risk and dont forget to wait for confirmation
I'm waiting for a pull back to the entry point marked on the chart and also other signs of bearishness on chfjpy to go short