CHFJPY trade ideas
Possible upward trajectory Franc Yen is consolidating and may either break to the upside or downside. This correction phase seems to be a bullish flag, and if it successfully breaks with an attitude of settling out off the flag, price may push up. However, struggling to go up and break this phase down, may seem price action go down.
CHFJPY - SELL - TP: 171.385Hello, the CHFJPY tried to go uptrend, but it looks failed.
JPY is so strong today.
I expect it will be long down trend.
My SL : 170.550
My Entry : 171.364
My TP : 170.550
Good Luck.
Must Remember : If You keep trading with big lot over your margin level, the trend will be reversal temporary. and then it will do big drop after stopped-out your account.
So, I recommend trading small lot. My Chart is very powerful analysis, but I saw someone, a poor played a gamble. Please, don't play like gamble. we lost a money because of your gamble trading.
Good luck.
CHFJPY is in the Buying DirectionHello Traders
In This Chart CHFJPY HOURLY Forex Forecast By FOREX PLANET
today AUDCAD analysis 👆
🟢This Chart includes_ (CHFJPY market update)
🟢What is The Next Opportunity on CHFJPY 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
Here Is My Tricks For How Made +2000 Pips In This Week 0 DD !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.
sell idea CHFJPYToday's JPY news has sparked a bearish reaction, with price breaking and retesting the trend line on the 1-hour chart.
Near-term Outlook:
Expecting further downside momentum, targeting the previous month's lows.
Key Levels to Watch:
- Broken trend line
- Previous month's lows
PS: This analysis is for educational purposes only and should not be considered financial advice and always remember to practice good risk management.
Lingrid | CHFJPY bearish DIVERGENCE at RESISTANCE zoneThe price perfectly fulfilled my previous idea. It reached the target. FX:CHFJPY market has reached the resistance zone at 173.000, where it has formed a bearish divergence, indicating that the market may be losing momentum. Given that this level is a strong resistance zone where the price has previously dropped, there is a higher likelihood of a reversal or a pullback again. The market’s break above the downward channel is significant, and I anticipate a potential retest of this channel before making any further moves. My goal is support zone around 171.800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
SELL CHFJPY - JPY Strength to return??Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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SELL CHFJPYIn the 4h time frame, we see price is breaking the lows.
In 30m the choch is created and it left liq above.
If we use fib tool, we see it sounds with prime price and demand zonal price.
Now we have set a POI and wait the pull back to retest and clear the resting liq and drop
Let us see how it will play 📌
CHFJPY: Waiting for BOJ to Decrease the Price FurtherCHFJPY: Waiting for BOJ to Decrease the Price Further
CHFJ is currently growing, but caution is advised as the price is near a strong resistance zone, and there is a possibility it could move down again.
However, this time, the movement is not solely based on technical analysis but is more related to the Bank of Japan (BOJ), which is expected to hike rates on Friday, January 24, by 25 basis points, bringing the new interest rate to 0.5% from the previous 0.25%.
While the BOJ has promised this increase, it remains to be seen what they will actually do.
You may find more details in the chart!
Thank you and Good Luck!
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CHFJPY - Short after filling the imbalance !!Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to go a little bit higher to fulfill the imbalance and then to reject from bearish OB + institutional big figure 173.000.
Fundamental news: On Friday (GMT+2) we will see results of Interest Rate in Japan, news with high impact on currency.
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#CHFJPY 4HCHFJPY (4H Timeframe) Analysis
Market Structure:
The price is moving within a downward trend channel, consistently creating lower highs and lower lows. Currently, the price is near the lower boundary of the channel, which acts as a dynamic support level. This suggests the potential for a short-term bounce or reversal to the upside.
Forecast:
A buy opportunity is anticipated if the price confirms a bounce from the channel's lower boundary, targeting the midline or upper boundary of the channel.
Key Levels to Watch:
- Entry Zone: Near the channel's lower boundary after confirmation of a bounce.
- Risk Management:
- Stop Loss: Placed below the channel's lower boundary or the recent swing low to manage risk.
- Take Profit: Target the midline or upper boundary of the channel for potential upside movement.
Market Sentiment:
The downward trend channel suggests an overall bearish structure, but a temporary bullish move is possible near the channel's support. Confirmation of a bounce is necessary before entering the trade to ensure alignment with market conditions.
CHFJPY: Bullish Reversal Confirmed?!We have been keeping an eye on the 📉CHFJPY setup.
The price broke through both the neckline of a cup & handle pattern and a resistance line of a falling parallel channel on a 4-hour chart.
The broken horizontal support and trend line now form an expanding demand zone.
It is highly likely that the price will increase to at least the 173.00 resistance level.