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Swiss Franc / Japanese Yen

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CHFJPY trade ideas

#CHFJPY 1HCHF/JPY 1H Chart Analysis: Wedge Pattern On the CHF/JPY 1-hour chart, a wedge pattern is taking shape, indicating a potential move in the near future. The current forecast suggests a sell opportunity; however, it is essential to wait for a **breakdown** below the lower trendline of the wedge before executing any trades. A breakdown will confirm the bearish momentum, and entering the trade at this point will help avoid potential false signals. Traders should also monitor for volume spikes during the breakdown, as it increases the reliability of the signal. Trading Strategy: - Wait for a clear breakdown before entering a sell position. - Use support levels as potential profit-taking zones.
Short
by PIPSFIGHTER
CAD/JPY Short and CHF/JPY ShortCAD/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. CHF/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.
Short
by StewySongs
CHFJPY A Fall Expected! SELL! My dear followers, This is my opinion on the CHFJPY next move: The asset is approaching an important pivot point 169.67 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 168.40 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
#CHFJPY 1 DAYCHfjpy Daily Analysis: Buy Opportunity on Downtrend Breakout Overview: The CHF/JPY currency pair has been exhibiting a consistent downtrend, presenting a potential buying opportunity should it break out of this downward trajectory. Traders should closely monitor price action for signs of reversal. Key Levels: Resistance Level: Identify key resistance levels above the current price where a breakout might occur. Support Level: Monitor existing support levels to assess potential bounce points. Technical Indicators: Trend Lines: Draw trend lines to visualize the downtrend. A breakout above this line would signal a shift in momentum. Moving Averages:Use short-term and long-term moving averages to confirm bullish sentiment post-breakout. Trade Setup: Entry Point: Consider entering a buy position if the price closes above the downtrend line with strong volume. Stop-Loss: Set a stop-loss just below the most recent swing low to manage risk. Take Profit: Aim for recent highs or key resistance levels for profit targets. Conclusion: A breakout from the current downtrend could provide a lucrative buying opportunity for CHF/JPY. Stay vigilant for confirmation signals before entering the trade, and ensure proper risk management practices are in place.
Long
by PIPSFIGHTER