CHFJPYIs CHFJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 165.10 followed by 164.
What you guys think of it?
JPY (Japanese Yen)
TradePlus-Fx|USDCHF: Frank's Power💬 Description: The franc is one of the safest assets in the market, just like metals and the US dollar, which is needed to buy US bonds. However, the franc is in greater demand than the US dollar at the moment, and even in the event of another rapid strengthening of the US currency, USDCHF will most likely fall.
At the moment, the currency pair is trading at the level of 0.89303, which a little earlier was a key area for buyers (Push-volume area). Most likely, these volumes are now being consumed for the next downward movement. There is an entry point, and the downward movement target is set primarily at the level of 0.88500 , the second target is 0.87757 (daily support).
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Best Forex Signals | Sell CHFJPY 8RR Target 166.52The CHFJPY has shown bearish reversal candles on H4 and broken trendline on H1 timeframe. There is an unmitigated DOTS target at 166.52. Double contraction boxes appeared on M15 to validate the idea that the CHFJPY is going to 166.52 in the next move.
CHFJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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CHFJPY - 4hrs ( Buy Trade Target Range 300 PIP ) Pair Name : CHF/JPY
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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✔️ Key Technical / Direction ( ❗️ Long )
Type : Mid Term Swing
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Bullish Break
164.500
Reasons
🔰- Major Turn level
🔰- Visible range Lvn
🔰- inner Trend Break
🔰- Choch Area
Bearish Reversal
167.750 Area
Reasons
🔰- Major Turn level
🔰- Visible Range Lvn
🔰- Pattern Target
🔰- Quarter's Area
CHFJPY - 4hrs ( Target 1 Hit + 80 PIP / 10 % Growth ) Pair Name : CHF/JPY
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Long
📋 Educational
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➡️ Update -
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VIP Opportunity
Take Profit 1
💢 Account Growth = 10 %
Pip' Achieved = 80 PIP
CHFJPY - 4hrs ( Target 2 Hit + 160 PIP / 20 % Growth ) Pair Name : CHF/JPY
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Short
📋 Educational
—————**-
🗒 Just browsing through my analysis means a lot to me.
➡️ Update - VIP Opportunity
————
🔰Take Profit 1 + 2
🔰 Account Growth = 20 %
🔰Pip' Achieved = 160 PIP
CHFJPY - 4hrs ( + 240 PIP / Tp 3 ) Pair Name : CHF/JPY
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Short
📋 Educational
—————**-
🗒 Just browsing through my analysis means a lot to me.
➡️ Update - VIP Opportunity
————
🔰Take Profit 1
🔰 Account Growth = 10 %
🔰Pip' Achieved = 70 PIP
CHFJPY - SHORT; A perfect hit!50 years in the making, this pair has done everything precisely by-the-numbers! - Technically speaking.
And while normally one ought to remain reluctant to trade "weak" against "weak" (in rate differential terms) ...
... but when one "weak" suddenly gains +45% versus the other on a newly found nevertheless, less than meager 1.75% rate differential ...
... It is time to pounce!
SELL - SHORT - As this pair lacks the fundamental as well as any technical reasons to deviate from it's rather predictable path - which is down from here.
p.s. This is a Quarterly chart, e.g., just how much of that likely 50,000 pips one will capture is dependent on whether this is traded with a Short Bias (with some frequency), from here on out, or simply used as a 401k plan - i.e., "just SELL it and forget it".
Here are the recent central bank rate differential changes;
Here is the CHFJPY Weekly Chart;
... with last week's healthy Reversal.
CHFJPY Short | Trade AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity CHFJPY
I still did my best and this is the most likely count for me at the moment.
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CHFJPY I Short from historical highsHello,Traders!
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CHFJPY is trading in an uptrend on all HTF's however it is retesting
the previous historical high. While shorts are risky, they are worth
considering due to changes in Yen monetary policy expected to
release soon (possibly year-end). Price is currently rejecting the trend line
resistance and there is divergence on the weekly. This is a great idea for
swing traders who have strategic risk management skills and the tolerance
to hold. SHORT!
Trade safe and good luck!
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CHFJPY H4 | Bearish reversal?Price has reached an all time high and closed below the previous major swing high resistance levels. Our sell entry is at 166.58, which is at the major swing high resistance levels. Our stop loss is at 166.83 which is above the wicks that formed. Take profit is at the previous swing low support level at 165.78, which is also before the 61.8% fibo retracement.
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When We Can Sell CHF/JPY To Get 250 Pips , Watch Carefully !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.
CHFJPY - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 165.000.
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CHFJPY: Top-Down Analysis & Pullback 🇨🇭🇯🇵
CHFJPY reached a solid horizontal daily support.
After its test, the pair started to consolidate on an hourly time frame
within a narrow horizontal range.
The support of the range was broken then.
It is an important sign of strength of the sellers
and it signifies a highly probable pullback.
Target - 165.63
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Chf/Jpy Counter-TrendTrade Idea for CHF/JPY
Bias: Counter-Trend
While the underlying fundamentals may favor a bullish move for CHF/JPY, there are compelling reasons to consider a counter-trend trade:
Bank of Japan's (BoJ) History with USD/JPY: The USD/JPY is inching closer to the significant 150 level. Notably, in the past, when the pair approached this level, the BoJ stepped in to intervene in the forex market. Should history repeat itself, this intervention could create ripples across JPY pairs, including CHF/JPY.
Market's Anticipation of FED Moves: The market chatter is starting to buzz about potential rate cuts by the Federal Reserve in 2024. Any significant shift in interest rate expectations can induce forex market volatility, potentially benefiting our counter-trend perspective on CHF/JPY.
Conclusion: While going against the grain of fundamentals might seem risky, the potential BoJ intervention combined with changing rate expectations from the FED presents an intriguing counter-trend opportunity for CHF/JPY.
Best Forex Signals | Sell CHFJPY Target 163.72The CHFJPY has shown bullish reversal candles on H4 and broken trendline on H1 timeframe. There is an unmitigated DOTS target at 163.72. The expansion box and contraction box appeared on M15 to validate the idea that the CHFJPY is going to 163.72 in the next move.