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CHFJPY trade ideas

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
Long
by ForextWaveTrading
CHFJPY - 4hrs ( Buy Trade Target Range 320 PIP ) Pair Name : CHF/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bullish Break 172.500 Area Reasons - Major Turn level / W - Visible Range Lvn - Pattern Break - Choch Zone - Fixed Poc Area Bearish Reversal 177.000
Long
by GentleGoldenEngine
CHFJPY Set To Fall! SELL! My dear friends, My technical analysis for CHFJPY is below: The market is trading on 171.56 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 170.88 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. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
3
CHFJPY possibly a good sell setup CHFJPY might soon be ready for a good sell trade. Even right now, it seems ripening for a potentially nice sell trade. Those trend lines are Divine blessings for traders who understand the magical powers of trend lines as these trend lines, for the most part, tell you not just the next possible move but also where to enter for a massively profitable trade. I am very much inclined towards a sell trade, obviously. Yet, if the price breaks above that upper trend line, then things can change drastically in favor of a buy trade. Having said all that, my final decision would be in favor of a sell trade on this chart.
Short
by RiffatNadeem
2
CHF/JPY at Critical Support: Bearish Breakdown or Bounce?The chart highlights the recent breakdown below a key support level and the potential for further declines if the market continues to favor the yen. I've marked significant Fibonacci retracement levels and the ascending trend line that has been providing support, which could be crucial areas for a bounce or further bearish continuation. Given the current sentiment, my bias leans toward a bearish outlook unless we see a significant shift in economic conditions. Feel free to review the chart for a detailed visual representation of these analysis points and share your thoughts! The CHF/JPY pair has been experiencing notable volatility recently, influenced by global economic shifts and central bank policies. In August 2024, the pair has faced significant downward pressure due to the unexpected rate hike by the Bank of Japan, which has strengthened the yen considerably. This move has been compounded by concerns over a potential recession in the U.S., further adding to the market's risk-off sentiment. On the technical side, CHF/JPY is currently trading near a key support level, with the possibility of a further decline if this support fails to hold. The pair recently tested an important Fibonacci level and is hovering around the lower bounds of an ascending trend line on the daily chart. If the support level breaks, the next potential targets could be the previous lows, making this a critical juncture for traders​.
Short
by LearnTradeForex