CHFJPY trade ideas
CHFJPY What Next? BUY!
My dear friends,
My technical analysis for CHFJPY is below:
The market is trading on 173.45 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 174.40
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
CHJJPY gets strong support recently on 1HR. Looking at Longs
CHFJPY gets a bounce very recently on the 1HR chart, a strong support level on the 1HR for this pair, historically.
Now, it's had a bounce to some overhead resistance you will also see on the 1HR. Lets' drop to a 10 second chart and see if price is getting a welcoming to move higher or is it being rejected to move lower with the bears 172.6527
CHF/JPY Falls as Sellers Take ChargeTechnical Analysis
The daily chart of CHF/JPY reveals a bearish break of the recent ascending trendline. This breakdown indicates weakening bullish momentum and raises the likelihood of a potential bearish reversal. Additionally, the widening of Bollinger Bands suggests increased volatility, with the price trading in the lower half of the bands, signalling stronger seller control.
The pair has also broken below the recent support level at 173.388, moving towards the 127.2% Fibonacci extension at 172.651. Should this level fail to hold, sellers are likely to target the next support levels at 172.266 and 171.713. If downward momentum persists, the ultimate target could be the 200% Fibonacci extension at 170.678.
Alternative Scenario
For the bearish outlook to be invalidated, CHF/JPY must climb above the 61.8% Fibonacci resistance at 174.423.
CHFJPY Technical Analysis! SELL!
My dear friends,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 176.03 pivot level.
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 - 175.18
Recommended Stop Loss - 176.55
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
CHF/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
Previous week’s red candle means that for us the CHF/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 176.198.
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CHFJPY / SHORTHello Traders,
Here is my analysis for this pair. Please feel free to leave any questions or comments below. I'm happy to engage with you!
The entry will only be considered once all your trading rules are satisfied. I recommend adding this pair to your watchlist and monitoring it closely. If the conditions of your strategy align, then it could present a potential opportunity.
Pro Tip:
One of the best ways to improve your trading is to learn from others. Whether it's predictions, market analysis, or trade set-ups based on clear market conditions, studying well-thought-out ideas from fellow traders can greatly enhance your skills and decision-making process.
Good luck and happy trading!
CHFJPY is about to break the bullish flag patternthe overall trend is bullish right now the price has come down a little bit but still there are no major reversal signs of the reversal of trend plus a bullish flag pattern is a major confluence of the bullish rally. By zooming out a bit price projection can also be seen which is equal to the length of the pole of the flag.