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CHF/JPY Analysis | Potential Reversal or Continuation ? CHF/JPY Technical Analysis & Forecast 📉 Market Overview: Swiss Franc / Japanese Yen (CHF/JPY) – 4H Chart : The pair is currently trading within a well-defined descending channel, signaling a sustained bearish trend. The price action has consistently followed a lower high and lower low structure, confirming the prevailing downtrend. However, recent price movements suggest potential signs of reversal as the pair approaches a key support zone. Let’s dive into the details. 🔍 Key Technical Highlights: ✅ Descending Channel: The market has been respecting a downward sloping trendline, indicating ongoing bearish pressure. ✅ Major Support Zone: The pair has tested a crucial quarter fulfillment level, a historically strong support area. ✅ Double Bottom Formation: A potential reversal pattern is forming, hinting at a possible upward move. ✅ 50 EMA Acting as Dynamic Resistance: The price remains below the 50-period Exponential Moving Average, a key level to watch for bullish confirmation. ✅ Resistance Levels: The 169.000 (50% Fib) and 172.000 (75% Fib) levels are the next upside targets if buyers gain control. 📊 Prediction & Outlook: 🔹 Bullish Scenario: A successful break above dynamic support/resistance and the 50 EMA could trigger a bullish move toward 169.000 and potentially 172.000. 🔹 Bearish Scenario: Failure to hold the current support could see the pair continue its downward trajectory within the channel, with potential targets around 163.250. 🔹 Key Confirmation Point: A breakout above the support & resistance zone (~168.000) would strengthen bullish momentum, while a rejection could lead to further downside. 📢 Trader’s Takeaway: 🔹 Short-term traders should watch for confirmation of the double bottom breakout. 🔹 Swing traders may look for opportunities within the current channel structure, capitalizing on both reversals and trend continuations. 🔹 Risk management is crucial; a break below 166.000 may invalidate bullish setups. Stay tuned for more updates and trade wisely! 🚀 Follow me for real-time insights and forecasts. OANDA:CHFJPY FX:CHFJPY VANTAGE:CHFJPY
Short
by OfficialKieranTrewick
XAUUSD Analysis | Charting New Territory ATH GOLD is charting new all time high territory once again this year after breaking through into the 2700s and still on a sharp ascent structure giving a high probability that we could now see 2800 by end of year. There is still a strong bullish momentum as stated but falling just short of the next quarter resistance of 2750 we could see a correction down to meet several support levels including the 50 ema which aligns with not only horizontal and dynamic support but also the middle bol band and quarter phase section of 25%. Any long term sells are pretty much foolish at this level with the increasing likeliness that the ascent will continue I am looking to enter buys from these key support levels or potentially short term sell entries leading into these pivot zones for longs. Ideally we will as per previous market structure see price enter a consolidation zone post a short correction to which we can scalp and gain some lower long entries before seeing price once again break through to the topside and complete the current quarter phase of 75% - 100% which would be around 2750-2800.
OANDA:XAUUSDLong
by OfficialKieranTrewick
GBPJPY Sell Trade Activated Oct 10 2024Supply Zone introduced since October 4 2024: this is just a continuation of analysis in gbpjpy using daily supply, 4h supply and 1H supply. Sell limit was activated during Asian session. Aiming for 4:1RR. This was a product of multi-timeframe analysis including lower timeframes. Always looking for validity and not market execution trading. Intraday may look liked difficult but getting used to charts within 600hrs of discipline will give you an EDGE. #supplyanddemand #proprietarytrader.
Short
by glyrad
GBPJPY BUY TRADE Oct 8 2024This trade comes to fruition after checking for manipulation of lows using 4H-1H-30min-15min. Allowing me to activate the said pending order -Buy limit during London session (metatrader 4 platform) . I marked that demand because using the order flow, I can see enough evidence to go long. Risking 0.5% of the capital. Every trade that I initiate comes from the basic idea of supply and demand. (please check the attached charts for a detailed structure of entry and exit points) Always be patient and look for proof before you put pending order.
Long
by glyrad
2
XAUUSD Analysis Trade Idea By OfficialKieranTrewickWhilst actually validating my earlier trade idea this 4hr depiction does show a clear sign that the bull trend remains intact despite the current exhaustion. Going forward i will like to see if this momentum is enough to break the market structure and fallinto the lower lateral of the trend which would be signs of a greater correction perhaps even trend shift due to the volume of current support confirmations in this general zone area. currently sitting on dynamic support, horizontal support, EMA Support, BB Support and full quarter completion marking this as a key area of interest for upcoming cycle phases of movement, with the correct inverse in volume and pivot confirmations we could see price ascend back into the upper 2600s however if the momentum is strong enough to break the current levels into 2500s-2613 then i see a likely continuation of the bears. What do you think of this idea ? Where could gold go to next?
OANDA:XAUUSDLong
by OfficialKieranTrewick
XAUUSD 4HR Analysis UpdateFollowing my last few analysis depictions we have seen the bullish momentum surge bounce off the identified level followed by a small correction down to the key psych level of 2500-08 where price was once again met by the dynamic trendline, 50 ema and order block pivot zone along with 25% quarter section all acting as key support pivot levels which helped price respect and keep its bullish momentum in tact, following this I am now looking as my target the next all time high as the upper 2500s primarily between 2550 - 2575 to match the second phase of the 50% quarters section with 75% being on 3000.
BLACKBULL:XAUUSDLong
by OfficialKieranTrewick
2