Chfjpysetup
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".
20 reasons for Sell CHFJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: 1979 to 2023, about 40 years double top
2 📆Monthly: A clean uptrend but now in the corrective mood
3 📅Weekly: structurally market is in downtrend
4 🕛Daily: a clean downtrend toward monthly retracement targets
😇7 Dimension analysis
🟢 analysis time frame: daily
5: 1 Price Structure: bear
6: 2 Pattern Candle Chart: flag
7: 3 Volume: biggest bearish volume
8: 4 Momentum UNCONVENTIONAL Rsi: Sideways
9: 5 Volatility measure Bollinger bands: middle band retracement
10: 6 Strength ADX: bears are in strength
11: 7 Sentiment ROC: joy is in strength
✔️ Entry Time Frame: H4
12: Entry TF Structure: bear
13: entry move: waiting impulse
14: Support resistance base: imbalance area
15: FIB: trigger event fill occurred
☑️ final comments: sell
16: 💡decision: sell pending order
17: 🚀Entry: 142.490
18: ✋Stop losel: 144.970
19: 🎯Take profit: 134,570
20: 😊Risk to reward Ratio: 1:4
🕛 Excepted Duration: 10 days
CHFJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
20 Reasons for sell CHFJPY MULTI-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: super bearzone start
11 Volatility measure Bollinger bands: Walking on the band
12-strength ADX: bear
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
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
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.
CHFJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
CHFJPY - Long from support ✅Hello traders!
⁉️This is my analysis on CHFJPY.
Here we are in a bullish market structure, so I am looking only for longs. I expect price to continue the retracement and to reject from support zone + institutional big figure 142.000.
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CHFJPY is in buy zone!!CHFJPY (4h) has formed a strong bullish price action. there has been double Doji with a wickless bullish engulfer. As the long-term trend is bullish, the price currently tests this important liquidity zone as support and getting rejected. A buy trade is highly probable.
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Today I will be looking to SELL the CHFPY above 149 on any 15minToday I will be looking to SELL the CHFPY above 149 on any 15min or 30min signal on my Price action signal indicator and will target Friday's low or lower at 147.5.
The reason behind this trade is I am expecting a correction to start occuring very very soon both short term and long term if you look at both the RSI and Stochcastic indictaors all the major timeframes from the 4hr up are over the 80 level and on the stochcastic all the major timeframes are just shy of the 100 level this is all pointing to a major correction especially as we are also in a Major Monthly SUPPLY/SELL zone (see my long term swing idea from last week)
Also we are seeing divergence occuring on the MACD on the 4hr and daily charts all this is indicating both a short term correction and a long term correction yes the Yen is very weak at present with the fundamentals though all the above reasons are indicating a reversal.
I will look to enter only on a 15min or 30min signal above 149 and will have a stop loss aroud 40 to 60 pips will target Friday's low this is a day trade idea so will be closed ny tomorrow's Asian or Euro session.
CHF/JPY Broke Very Important Res , Long After Retest ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.