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Chfjpyshort

CHFJPY I Expect to fall further toward next supportWelcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
25
CHFJPY SHORT SETUPCONFLUENCE 1. Major Down-Trend with another minor DOWNTREND. 2. Previous Daily Candlestick breaks the last 7 candles structure and last 2 swing low. 3. Swing Low Break of Structure on Daily Timeframe. 4. Order Block highs is the Swing High. 5. Order BLOCK created a very wide FVG/imbalance right beneath itself in cause of an "Order-Flow" which is pulling back price to the spot for a "SHORT". 6. A Strong Sell Side Order Flow in 2bars of the 4H Timeframe. There are 2 possible entries here First Possible Entry. Entry: 164.825 SL: 165.175 (35pips) TP: 163.230 (159pips) Second Possible Entry. Entry: 164.570 SL: 165.175 (60pips) TP: 163.230 (134pips)
Short
by oluwaleyefaith27765
Is the Top In ?? Time For the Monthly Reversal ?This is a follow-up to the idea I presented last month regarding this pair being severely overbought on longer timeframes. The existing price action strongly suggests that a downward cycle is imminent. Here's my rationale. In the past three weeks, each weekly candlestick has initially surged to new highs before experiencing a significant selloff in the second half of the week. The 166 level is proving to be a key High Time Frame (HTF) resistance level, with sellers ardently defending this level. See the chart below for the visual When we look at the daily charts, reversal indicators become even more prominent. It appears we have now entered a distribution cycle , a sideways movement often seen following a long rally in price. This cycle is more easily identifiable on shorter timeframes, but its appearance on a daily chart strongly points to an impending downward move. The daily charts show the distribution trading range between 164.5 and 166.3. A decisive break and close beneath 164.5 would serve as a conservative entry point for traders. Additionally, my TRFX indicator has just signaled its first daily sell alert in quite a while. This is a high-probability indicator for me and prompts my re-entry into the market. There's a possibility for a minor rally up to the 165.5 level, but I anticipate a substantial sell-off to occur, targeting the 158.7 level which marked July's low. This trade is expected to unfold in the weeks leading up to the next Bank of Japan (BOJ) meeting. The potential drop could provide an entry point for buyers eyeing another upward push. However, given the extreme overbought conditions evident on the monthly charts and now we are approaching the last Quarter of the year, we might see a deeper correction down to the 150 level, a prior monthly high, which could spark profit taking over the coming months. This becomes more likely if the 158.7 level gives way. I will hold this trade as the profit potential is huge and given the reasons above anyone buying at these highs should be very cautious as the higher timeframes looking to be pointing to large players positioning for a downward move. Let's see how it unfolds.
Short
by TheFxAce
27
CHFJPY Long Term Trading IdeaHello Traders In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET today NATGAS analysis 👆 🟢This Chart includes_ (NATGAS market update) 🟢What is The Next Opportunity on NATGAS Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Short
by ForexPlanet20
CHFJPY Long Term Trading IdeaHello Traders In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET today NATGAS analysis 👆 🟢This Chart includes_ (NATGAS market update) 🟢What is The Next Opportunity on NATGAS Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
Is the Market Primed for a Reversal? 1000 Pip Move On The Cards?Predicting market peaks and turning points is always a challenging task, made even more daunting when a financial asset is achieving unprecedented highs without any clear resistance or sell-off zones to reference. This challenge is even more pronounced when this situation occurs with a forex pair, as is currently happening. This is a true test of your trading experience and your ability to interpret price action. Let's dive in, shall we? When we take a look at the long-term timeframes, especially the monthly charts, we can easily observe an overextension. This overextension is also apparent in the weekly charts shown above, with clear signs of buying fatigue and a visible struggle between buyers and sellers. This struggle is evident in the last weekly candle where sellers managed to drive the price down to 159 (the previous all-time high) - a newly established weekly buy zone, from which buyers have managed to push the price back up. A closer look at the daily charts (refer to the image below) reveals a structural shift with price activity moving sideways, suggesting a potential shift into a distribution phase, indicated by the lackluster buying momentum from the 159-point surge last week, as buyers were unable to establish a new high. All signs are currently pointing towards a potential reversal. Typically, in such situations, we might expect a final upward push, breaking the distribution range's upper limit in what can be seen as a deceptive breakout. This can lure the market into believing that prices are escalating to new highs. Additionally, a number of retail traders might place their stops above 164, as per conventional trading wisdom. From this point, my strategy is straightforward. I'll be waiting for that final upward push and monitor for signs of a false breakout. I'll also begin to look for entry signals on the daily chart from my TRFX indicator to gradually establish a position. As for trade targets, the first one will be last week's low at 159 (the previous all-time high), but it is likely that this level will not hold and the market will plunge further to the previous monthly high of 152, also within a recently formed monthly buy zone. The price charts are suggesting these moves, but as always, it's essential to wait for the right signals. This is a long-term setup grounded in high timeframe charts - these are optimal for tracking institutional moves. At the moment, a sell setup appears to offer the best risk-reward balance, given the apparent dwindling buying momentum. I hope you found this analysis insightful. I'll keep you updated as this situation evolves.
Short
by TheFxAce
26