CHFJPY - SELL IDEADespite price has been pushing high since the last few days, the swing structure is bearish so I was looking for sells in this pair.
On the 1h timeframe price created some equal highs and swept that creating kind of a dodji candle followed by this strong bearish candle that gave me the entry.
There are so much liquidity to be taken on the downside, let's see how price will flow.
Strategy Check:
Bearish Structure
Price Flow
Area of interest - stacked area of daily + 4h imbalance
Liquidity Swept
Price Action
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.
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.
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.
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WISH YOU ALL LUCK
#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.
CHF/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
CHF/JPY is making a bullish rebound on the 4H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 167.610 level.
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SELL CHFJPY - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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CHFJPY BUYSIn the 4 hour chart, price broke the 40EMA which signals for a change of direction. In the M15 chart, price broke our high to test the supply zone in the higher time-frame. Purple dotted line represents first entry. FVG before the demand zone. Wait for 20 EMA to cross above 40EMA for buy entries on the demand zone in the 1 minute chart!