CHFJPY is in a Bearish Structure after Breaking the SupportHello Traders
In This Chart CHFJPY HOURLY Forex Forecast By FOREX PLANET
today CHFJPY 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
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CHFJPY trade ideas
CHFJPY Tested a Strong Resistance Zone Near 171.25! What's Next?CHFJPY Tested a Strong Resistance Zone Near 171.25! What's Next?
CHFJPY tested a strong resistance zone near 171.25. The price has completed a small correction and appears ready to push down at this moment.
This bearish movement is supported by speculation that the Bank of Japan (BOJ) may hike interest rates during the coming week.
The increase in inflation data continues to put pressure on the BOJ to take further steps.
After any small correction CHFJPY should continue to move down further as shown in the chart.
You may find more details in the chart!
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CHFJPY STILL NOT SUREOn one hand, it has de go back up to reach the high of the blue rectangle ;
on the other hand, it is well gone for a big descent, and it would not be crazy to think the hard blue KL is the actual low.
We'll have to be careful over the next few days because they'll be decisive regarding the pattern the curb is taking.
No matter what happens, it is to go up, the question is where s the entry ?
CHFJPY: Important Breakout & Bearish OutlookCHFJPY has broken and closed below a strong horizontal support level on an intraday basis. The highlighted blue area also serves as the neckline of a cup and handle pattern.
This violation could lead to further downward movement in prices.
The next targets to watch for are 171.19, which is the current lower low, and then 170.39.
To enter trades, it is advisable to consider the broken structure.
CHF-JPY Local Rebound Ahead! Buy!
Hello,Traders!
CHF-JPY made a retest
Of the horizontal support
Of 170.870 and we are
Already seeing a local
Bullish rebound so we
Will be expecting a
Further move up and
A retest of the local
Horizontal resistance
Of 172.408
Buy!
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BULLISH BUTTERFLYHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
CHFJPY OutlookAUDUSD -
Yearly -
bearish but away from VA, so a move up north to tag AU's yearly VA is something that we can consider here.
Monthly -
bearish and opened inside last candle's VA so we can observe continued move down here.
Weekly -
bearish but price is set to open out of VA so we can observe a move up to tag that weekly VA before coming back down.
AU can continue going up till it tags 12M candle VA if it wants before continuing down. we have to consider the fact that that VA is on 12m candle so this move might take several months like it did in 2024. (we saw choppy move for the first 3 qtrs and then a dump during the last qtr of 2024 after it tagged feb 2023's POC.
Plan of action will be for me to wait for price to tag the first key area of interest i.e. origin VA and then look for a reaction from there. if I see sellers stepping in then I'll get in on shorts. but if price holds above origin POC on volume then I'll look to go long till it hits our 12m VA before looking to go short from there. this long bias on CHFJPY also come from the fact that BOJ is planning to potentailly cut rates so CHFJPY can just rocket through these levels and hold above making longs more appealing.
CHFJPY Expected Growth! BUY!
My dear subscribers,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 173.20 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 173.50
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
CHF/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
CHF-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 175.342 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the CHF/JPY pair.
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