CHFJPY about to break to the upsideThe overall trend is bullish and CHFJPY seems to have found support on the 15min timeframe at around 165.60. From this level, ptice has formed a triangle that would require to be broken tot he upside for the trend to resume higher. If broken, my targets are at 165.66 , 166.09 and 166.35.
JPY (Japanese Yen)
CHFJPY MAJOR UPDATES
Hello Fellow traders,
As I predict from previous idea, Price could possibly break the weekly major trendlines, Now price reacting to that high level of Trendline, And candlestick makes a Doji,
Daily Timeframe forms a DIvergence 3 highs while the RSI lower.
But the volume is not changing, not bigger enough to say we short atm.
I will be update this maybe next week or this week if price consolidating on that zone.
Thank you and follow for more daily updates..
This is not a financial advice.
CHFJPY Short setup with entry point!Good morning traders, I was analyzing CHF/JPY, one of the few pairs I'll be observing today, given the expected data on the Canadian and American dollars. This asset currently presents a bullish setup with good potential for a bearish reversal. Currently, it's at the level of 165.65, supported by demand + thirty levels. Personally, before entering long positions, I'll wait for a significant retracement to the level of 163.80, where we have a Breaker Block on the M15 timeframe. If the price reaches this level with an M15 candle showing no pin, no doji, and with volatility lower than 10 pips, we could consider a long entry. Of course, as the initial confirmation of a descent towards our entry zone, the market will need to confirm with breaks on the M15-H1-H4 of the Swing Low on the H4 timeframe at the level of 164.86. Let me know what you think, comment, and leave a like to support the hard work. Happy trading to everyone.
CHFJPY Will Move Lower! Short!
Take a look at our analysis for CHFJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 165.285.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 164.299 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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CHFJPY Long Term Buying Trading IdeaHello Traders
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Trading Under The Spotlight: My Open Analysis Odyssey #9Hello once more, TradingView community!
Each chart we explore together adds another chapter to our collective narrative, deepening our understanding of the vast market tapestry. For those just joining us, or for our regular comrades, here's a quick summary of our journey's ethos:
Transparency, Not a Tutorial : While I provide a window into my trading psyche via these posts, the core strategic depths remain mine. This isn't a directive trading guide; it's a chronicle of my market observations.
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On to the next analysis of the day:
Instrument : CHFJPY
Bias : Long
Overall Trend : Long
Thoughts : This instrument has been a strong performer, appreciating by 17% within the year and showing little indication of slowing down. Historically, the Yen tends to exhibit weakness, largely attributed to infrequent interest rate hikes. However, I must admit a lack of deep familiarity with the current fundamentals surrounding this pair. Coupled with the age-old trading wisdom that "an object in motion tends to stay in motion," it paints an interesting picture. Yet, due to my limited experience with this pair and a somewhat hesitant feeling about this particular setup, I might stay on the sidelines this time.
Engaging with you all, whether through mere observations or active discussions, continues to be a vital component of this journey. Together, we'll continue to peel back the layers of the market, one intriguing setup after another.
CHFJPY: Bulls Will Push Higher
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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CHFJPY: Bullish Trend Continues 🇨🇭🇯🇵
CHFJPY is trading a long-term bullish trend.
After the price set a new high in July,
it started a correctional movement.
A cup & handle pattern was formed.
CPI report was a trigger for the buyers to violate the neckline of the pattern.
Daily candle closed above that.
It signifies that bullish trend will continue.
The market will most likely keep growing.
Next resistance - 166.5
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CHFJPY WITH HIGHERTIME FRAMETHIS idea is weekly major parallel lines. as the chfjpy approaching to that zone, im expecting to break that above trend before it goes down to my target/POI zone.
My view is I need to see a last buy candle onvolumes. wether a wick one or not.
This is a higher timeframe. Good for swing traders that can hold longer trades.
This is also not a financial advice, do your research.
September would be awesome on JPY......my VIew only.
Trade it or watch or analyze it.
CHFJPY I It will correct downward Welcome 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.
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Final Uptick Ahead for CHFJPY?Greetings Fellow Traders,
It appears many have taken short positions in CHFJPY, expecting the uptrend to reverse. However, my analysis suggests there may be one final bull wave still to come.
Before the trend turns, I anticipate CHFJPY could edge higher, testing stops and forcing additional coverings. To defend short positions, consider implementing a long hedge around 164 in case of a temporary spike.
Once this final bull wave peaks, a downturn is expected, perhaps as soon as Thursday. Be ready to close long hedges then and restore CHFJPY shorts. The impending sell-off could be sharp once momentum shifts.
As always, apply robust risk management - size positions appropriately and utilize stops. Markets can deviate from forecasts, so please do your own due diligence. I'm sharing my perspective in hopes it aids your research.
Wishing you insightful analysis and profitable trades ahead! Let me know if you would like me to modify the tone or any part of the message. I aimed to make it sound professional while communicating the key points clearly.
CHFJPY - 4hrs ( Sell Trade x2 Entry's Tp Range 200 : 400 PIP ) Pair Name : CHF/JPY
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
------
🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Short after Break )
Type : Mid Term Swing
——————————
Bearish Break
163.500 Area
Reasons
- Major Turn level / D
- Visible range lvn
- Visible Range Hvn
- Fibo Golden
- Week / D low
- Liquidity / choch Area
Bullish Reversal
159.500 area
Reasons
- Major Turn level / M
- Visible Range lvn Area
- Trend area
- Choch Area
- Quarter's Level
- Pattern Target
Strifor || USDCHF-08/08/2023Preferred direction: BUY
Comment: This currency pair was looked for a promising short not so long ago, however, the buyer still manifests itself and most likely the growth will continue. Remember that on the market, trader should be flexible! Level 0.87757 is now considered as the first target, which is unlikely to delay the buyer for a long time and the instrument will continue to update local highs.
Thank you for like and share your views!
CHFJPY Will Move Lower! Sell!
Take a look at our analysis for CHFJPY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 163.437.
The above observations make me that the market will inevitably achieve 162.249 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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CHFJPY I Important considerations before shortingWelcome 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!
CHF/JPY SHORT SETUP AFTER BOJ WARNINGSOn CHF/JPY, we have a bullish setup that reached the highest level at 164. From there, the price started to change trend; this morning, it dropped by 50 pips and is currently retracing in the supply zone at the level of 163.50, where we have a Point of Interest (POI), meaning a high probability reversal point. Here, we could look for a short trade in case a bearish candle enters and then closes below the POI. The chart shows a potential trade with entry points, exits, and take profit levels. What do you think? Greetings from Nicola, CEO of Forex48 Trading Academy.
CHFJPY - Wait For The Bears ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on H4: Left Chart
As per my last analysis (attached on the chart), CHFJPY rejected our 158.5 support and traded higher.
Now CHFJPY is sitting around a strong supply zone so we will be looking for sell setups on lower timeframes.
on M30: Right Chart
CHFJPY is forming a potential double top pattern but it is not ready to go yet.
For the bears to take over, we need a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, CHFJPY would be overall bullish and can still trade higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich