CHFJPY trade ideas
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.
CHF/JPY Sell Trade – Targeting 170.91661Pair: CHF/JPY 🇨🇭💴
Direction: Short 🔽
Target: 170.91661 🎯
Time Horizon: By Tuesday, Jan 21, 22:30 UTC ⏳
The pair is showing signs of potential downward movement after a recent consolidation phase. Market behavior suggests a possible retracement toward the 170.91661 level, aligning with observed patterns and price action.
This trade is expected to unfold by Tuesday at 22:30 UTC. Broader market conditions, including JPY demand and CHF sentiment, may influence the price trajectory. Monitoring closely for further confirmations. 🔍
CHFJPY FORECASTWhen I look the higher timeframe it gives me the sense of having this pair in watch. I see short-term selling potential before waiting for the bigger moves, after price gives me the message of what it wants to do in the bigger picture of the correction. Let's have a look on this to see how the market will be developing
CHF/JPY Sell Trade – Targeting 170.74298Pair: CHF/JPY 🇨🇭💴
Direction: Short 🔽
Target: 170.74298 🎯
Time Horizon: By Monday, Jan 20, 22:00 UTC ⏳
The pair has reached a notable level and is exhibiting signs of potential exhaustion. Recent price action suggests a possible retracement toward the 170.74298 level, aligning with observed market behavior.
This trade remains time-sensitive, with an expected conclusion by Monday at 22:00 UTC. Broader market dynamics, including JPY demand and risk sentiment, may influence the price movement. Monitoring closely for confirmation of anticipated market behavior 🔍.
GBP/JPY Short, NZD/JPY Long, USD/CAD Short and CHF/JPY ShortGBP/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/JPY Long
Minimum entry requirements:
• 1H impulse up above area of interest.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Short
Minimum entry requirements:
• If tight 15 min continuation forms, 5 min risk entry within it, or reduced risk entry on the break of it.
CHF/JPY Short
Minimum entry requirements:
• Corrective tap into area of value 1.
• 4H risk entry.
Minimum entry requirements:
• Tap into area of value 2.
• 1H impulse down below area of value 2.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
CHF/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are going long on the CHF/JPY with the target of 174.383 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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CHFJPY ON THE MOVETechnical Analysis:
CHF/JPY continues its bullish trajectory, trading above key moving averages, including the 50-day and 200-day lines. The pair recently broke above resistance at 151.50, now turned support, with the next resistance zone at 153.00. Momentum indicators like RSI remain strong but not yet overbought, while the MACD confirms the upward trend. A sustained break above 153.00 could target 154.50 in the near term.
Fundamental Analysis:
The Swiss franc remains supported by safe-haven demand, while the Japanese yen is pressured by the Bank of Japan's ultra-loose monetary policy. Despite minor adjustments to yield curve control, the BoJ’s dovish stance contrasts with Switzerland's relatively steady monetary environment. This policy divergence and risk sentiment dynamics favor CHF appreciation against JPY.