CHFJPY trade ideas
CHFJPY SELL SETUP !!“Most traders take a good system and destroy it by trying to make it into a perfect system.” - Robert Prechter
Buying Against The Yen On The Daily Time FrameLonged CHFJPY in the morning (now is 10:13pm SGT) after sieving through the JPY pairs in my watchlist(with Continuous Bars and Inside Bars).
Price broke out of the Daily Time Frame's Minor Resistance level and continued bullishly in the previous few days.
I am going for 2R TP if everything goes well. Might exit manually due to upcoming major news.
Reference previous day's lows to set my stoploss and will be shifting my stoploss based on previous day's lows as long as price closes above the previous previous day's open price.
CHFJPY - NEW BREAKOUTHello Traders !
On the daily time frame, The CHFJPY broke the resistance level (174.000 - 175.170).
This key level becomes a new support level !
So, I expect a bullish move📈
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TARGET: 177.020🎯
CHFJPY - Short SetupPrice swept the 1H key level and closed below with a bearish engulfing. Breakout traders got into a long trap, so the "underwater".
To close their long positions, they have to sell. That is exactly why I expect to see price trading lower to opposite liquidity levels.
I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
Keep it simple and consistent!
CHFJPY | 28.10.2024SELL 175.750 | STOP 176.950 | TAKE - 1 - 174.640, TAKE - 2 - 173.800 | Correction.
CHFJPY: Is That a Bullish Trap?!🇨🇭🇯🇵
CHFJPY may drop after a potential bullish trap:
the price violated a strong horizontal resistance
and returned below that quickly, forming a strong bearish imbalance.
The price may reach 176.0 level soon.
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CHF/JPY: Potential Setup for Short Opportunity The CHF/JPY pair has undergone a substantial correction after peaking at 177.20, pulling back by 300 pips and breaking through the Fibonacci extension level around 174.30, where it closed yesterday.
As shown in the chart above, this decline carried significant momentum, with a swift downward push halted only by the close of the trading session. Technically, the break of this key support at the Fibonacci level signals a potential continuation toward the next support area at 172.7, offering a promising 150-pip range for traders.
This setup could be one to watch as markets open, with potential for short positions on further bearish movement.
CHFJPY shortedCHFJPY (Free Plan update) - close 50% of your position (+75pips banked) and move SL to BE. TP @ 169.00
Bearish Cypher FormationThere was a return from Fib .78 and the formation was activated. The targets are shown in the graph.
This is a bear formation.
CHF/JPY H8 AnalysisPrice has now broken out of the bullish parallel channel seen formed over September and November this year.
With 6 (bearish close) eight hour candles at the end of last week, we may see a pullback in the new trading week and then possibly a sell setup depending on price action and your strategy rules.
CHFJPY Wave Analysis 8 November 2024
- CHFJPY broke daily up channel
- Likely to fall to support level 174.00
CHFJPY currency pair under bearish pressure after the earlier breakout of the support trendline of the sharp daily up channel from the end of September.
The breakout of this up channel accelerated the active minor corrective wave 2, which started earlier from the key resistance 177.00, which has been reversing the pair from July.
Given the strongly bullish Yen sentiment seen across the currency markets today, CHFJPY currency pair can be expected to fall to the next support level 174.00 (target price for the completion of the active wave 2).
CHFJPYWe can attempt to short CHFJPY from specified level as it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
CHFJPY: Bearish Breakout VerifiedA bearish reversal has emerged on the CHFJPY chart.
After a period of consolidation, a notable double-top pattern formed on the 4-hour chart.
The neckline of this pattern was breached yesterday, confirming a breakout of the support range, which the market is now retesting.
The pair is expected to continue its decline toward the 174.02 support level.
CHFJPY: Counter-Trend BreakoutUptrend formed mid-September 2024 and we're currently seeing this trendline faltering. Assuming that it does not hold up, I have the following parameters forecasted.
ADR: 115
SL: 100
TP: 240
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 175.64 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 175.99
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 - Bearish ForecastCHF/JPY seems to have broken a bullish trend line, it has since retested and may go down to meet a 250 pip range.
CHFJPY H4 ProjectionThe price moved in the range after giving strong bullish momentum. Now, it is moving above the support zone. Wait until the price breaks the support and closes below. Initiate short positions partially by finding a bearish price action structure near the support zone.
CHF/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the CHF/JPY with the target of 175.208 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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CHFJPY is continuing its bullish trendrespecting the trendline and making clear HH and HL and respecting fib level making bullish trend strong although there is a bearish divergence but it looks like it brought the price down to only fib level as we can see the price touched slightly below .382 fib level marked HL and then moved upwards
CHFJPY Will Go Higher! Buy!
Take a look at our analysis for CHFJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 175.805.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 176.531 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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4-11 PrpbelegCHFJPY 4-11: the macd starts a downtrend. That means that the big channel of 179 and 166 shows lower tops. Still it is not a convincing sell. That is why we placed a sell at 175.463.
CHF_JPY WILL GROW|LONG|
✅CHF_JPY is trading in an uptrend
With the pair set to retest
The rising support line
From where I think the growth will continue
LONG🚀
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