CHFJPY Is Bullish! Long!
Here is our detailed technical review for CHFJPY.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 169.713.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 170.855 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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CHFJPY trade ideas
CHF/JPY BEST PLACE TO BUY FROM|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 170.058.
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CHFJPY- Bullish DivergenceThis is moving wildly up and down without giving any idea of its direction where it is heading. On 4H TF i believe it is consolidation phase after brearking away from its downward trend.
Trade plan:
Two confluence are present once bullish divergence on RSI and consolidation box bottom can be the reason that pair might move upward.
Entry can be taken once the last LH is broken.
CHFJPYCHFJPY price is near the strong support zone 169.355-168.854. If the price cannot break through 168.854, it is expected that in the short term, there is a chance that the price will rebound. Consider buying in the red zone.
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CHFJPY Potential DownsidesHey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 170.800 zone, CHFJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 170.800 support and resistance area.
Trade safe, Joe.
CHF/JPY For Bullish after finishing its correction waveyou can go long now
- Market Structure Broken at Red Arrow then its Reversal Signal For Change Trend From Down To Up
- we have Up Trend at Green Arrow and Blue Trend @ H4
- this Signals say its time to change the trend from down to up
- if price break current resistance at Orange Arrow its Big Signal For Up Trend Begin
have fun :)
CHFJPY - Swing Short IdeaIn Monday (start of the new week) price swept previous week high liquidity (orange line) and show willingness to go lower by breaking the 4H structure.
So the following week I would expect to see price trades lower, potentially even to opposing liquidity pool like previous week low (orange line)
Thanks you and have a nice trading week! LFG!
ChfjpyPrice hit the h4 support which got tested many times...and got to move in a range...the range was later discovered to be a rising wedge whereas the downtrend it was moving on was confirmed to be a falling wedge..now price broke and test the range resistance which turned into a new support...upward movement is supported for the chfjpy
CHFJPY: Bearish Continuation & Short Trade
CHFJPY
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell CHFJPY
Entry - 172.60
Stop - 173.43
Take - 170.95
Our Risk - 1%
Start protection of your profits from lower levels
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CHFJPY 4H LONG setup
CHFJPY has been consolidating for a long period of time and finally broke the resistance level recently, which possibly helped to form an upward Break of Structure(BOS) confirmation too, seen on 4H chart. Look at the Daily or Weekly chart, you can see that we are in clear uptrend, it is a good idea to follow the big trend. Now when the price pulls back to the 4H Order Block, we can BUY, this is a classic trend-following trade.
Entry: 172.060
Stop Loss: 171.471
Take Profit: 180.117
Risk Reward Ratio: 13.8
CHFJPY - 4hrs ( Buy Trade Target Range 320 PIP ) Pair Name : CHF/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bullish Break
172.500 Area
Reasons
- Major Turn level / W
- Visible Range Lvn
- Pattern Break
- Choch Zone
- Fixed Poc Area
Bearish Reversal
177.000