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CHFJPY trade ideas

CHFJPY Long TradeMARKET PHASE OANDA:CHFJPY is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break lows within the corrective structure until it began to hold the bottom. There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has now started it’s initial move up but due to the velocity of the upward move, it's gapped orders around 168.624. Price may retrace back to this level to meet the demand on Sunday night EST or during the first London session next week. Once price reaches this level, we can expect a strong push upwards in the direction of the larger trend. TRADE I've placed my buy limit order on OANDA:CHFJPY as follows: Buy Limit: 168.624 Stop Loss: 168.384 Take Profit: 169.104 RISK MANAGEMENT R Ratio: 2 Equity at stake: 1% Trail SL to 50% @ 1R
Long
by Mankz
1
CHF/JPY 4h heading to Monthly PivotLooking at the CHF/JPY pair on the 4-hour chart, there are some interesting signals popping up: Bollinger Bands : The price appears to be bouncing off the lower Bollinger Band. This indicates potential support at that level, suggesting a possible reversal in the short term. Bollinger Bands are volatility bands placed above and below a moving average. The bands widen when volatility increases and narrow when volatility decreases. When the price touches or moves outside of the bands, it's considered significant, potentially signaling overbought or oversold conditions. MACD (Moving Average Convergence Divergence) : The MACD line has crossed above the signal line. This crossover is often interpreted as a bullish signal, indicating that the momentum of the price action is shifting upward. MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period EMA (Exponential Moving Average) from the 12-period EMA. Considering these indicators, there's a suggestion that the price might continue to rise. The next notable level to watch out for is around the monthly pivot point at approximately 170.182. Pivot points are significant levels used by traders to determine potential support and resistance areas based on the previous period's high, low, and close prices. With these signals in mind, it seems there's a bullish bias in the short term for CHF/JPY, with potential for a move towards the monthly pivot point.
Long
by TradingClue
CHFJPYCHFJPY bounced from the demand area which is indicating buying factor. Hold off until you see a clear break of the downward risk trendline which i indicated with red color. It shows we are being cautious and looking for that solid sign that the pair's ready to shift from the current demand zone. The patience for confirmation can definetely pay off. Just remember to stay updated with any news that could impact the CHFJPY while you are on stanby. I will make an update when it is ready for entry. Trade wisely
Long
by Abdoul-Trading-system
CHFJPY Trading Opportunity! SELL! My dear friends, Please, find my technical outlook for CHFJPY below: The price is coiling around a solid key level - 170.37 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 169.45 Safe Stop Loss - 170.92 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
CHF/JPY H1 | Potential bullish bounceCHF/JPY could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 169.724 which is an overlap support. Stop loss is at 169.100 which is a level that lies underneath an overlap support. Take profit is at 170.612 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
CHFJPY ShortMARKET PHASE OANDA:CHFJPY is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. During London session, price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has started it's initial move down but due to the velocity of the downward move, it's gapped some orders around 170.280. Price has retraced to this level to capture additional supply. TRADE I have entered short on OANDA:CHFJPY with the following parameters: Sell Limit: 170.280 Stop Loss: 170.490 Take Profit: 169.860
Short
by Mankz
2
Bearish Bat on CHF JPYHi Guys, Recent news events have weighed heavily on the Japanese Yen and thus all currencies against the Yen have seen a spike. CHF JPY, which has corrected from the highs was one of those pairs and had a strong rise up after the news. Currently the pair is heading towards a supply zone where a bearish bat pattern is forming and entry lands right in the supply zone. The highlighted blue box is area where supply zone , harmonic pattern and fibonnaci retracement 61.8 of high to recent low all give confluence if a sell setup becomes apparent. Midpoint B would be the take profit as it looks like this pair has strong buying momentum at the moment. Safe Trading all.
Short
by elyask120
CHFJPY I Yen slides amid BOJ policy shift I Pullback & GrowthWelcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
4