chfjpyCurrently on CHFJPY New-York session just went up to take out the highs of London and Asian session making the high of the day then distributing to the downside for the rest of the `day
CHFJPY trade ideas
CHFJPY Channel Up resuming towards 189.000The CHFJPY pair is about to end a short-term consolidation, which seems to be symmetrical with the first week of May 2023. The long-term pattern is a Channel Up since December 2022 and the Higher High on that sequence was priced on the 3.0 Fibonacci extension.
As you can see the 1D RSI sequences between the two Bullish Legs fractals are very similar and we are currently on a bounce formation similar to the May 11 2023 bottom. Our long-term Target is 189.000 (just below the 3.0 Fibonacci extension).
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CHFJPY: Bullish Continuation is Expected! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the CHFJPY pair which is likely to be pushed up by the bulls so we will buy!
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CHF/JPY Gave On Friday +50 Pips 0 Drawdown , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Uptrend exhaustion on CHFJPYCHFJPY is facing exhaustion in the uptrend, with a wedge pattern and strong bearish RSI divergence.
I see no reason to go long at current levels, and a break of trendline support will give us short opportunities targeting the 3 purple lines shown in the chart.
BULLISH CHFJPYOn the basis of a simple 0.382 Fibonacci retracement on the Daily time frame along with the 1 hour consolidation if we get the breakout and retest I’m longing!
All time high observed in CHFJPY.With CHF peaking against JPY all time, a rising wedge pattern has been observed in the chart, which indicates that the price will drop in the near future. A sell order is recommended for this trade.
CHFJPYCHFJPY right now price is in bullish trend as price making higher highs and lower highs, but there is divergence on RSI, and there is also a double top pattern so price may be retrace or reverse, so our entry level at the broken of last lower high point, if price broken last lower highs than there is our entry and trade plan mentioned on the chart.
CHFJPY → Trade Analysis | SELL SetupCHFJPY is currently testing a previously broken horizontal support level, which is now likely acting as resistance following the breakout.
To confirm the bearish trend, I have observed a horizontal range on the hourly chart and a bearish breach of its support level.
Is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity CHFJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
How much more will the yen continue its devaluation?Still no support from the BoJ to stabilize their Japanese yen. But there is a reason for that...
#USDJPY EASYMARKETS:USDJPY FX_IDC:USDJPY
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Market Open Overview Part 19Me Going Over My Full Robin Trap Strategy In Deep Detail Must Listen Close To Get All The Nuggets
CHFJPY Is Very Bullish! Buy!
Here is our detailed technical review for CHFJPY.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 178.422.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 179.979 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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CHFJPY WEEKLY FORECASTHello Traders, Welcome to the CHFJPY Weekly Forecast
This week, we are focusing on the CHFJPY pair, which has been displaying a well-defined range between its key support and resistance levels over the past week. As last week closed near the resistance zone, our primary expectation is for the price to retrace and retest the support zone. This anticipated pullback is crucial as it may provide a solid foundation for the price to rebound.
Analysis and Expectations:
After testing the support zone, we foresee a potential upward movement. This bullish momentum could lead to a break above the current resistance zone. Upon breaking this resistance, we anticipate that the pair will establish the previous resistance level as a new support. This change in structure could pave the way for further upward movement, reinforcing the bullish trend.
Alternative Scenario:
However, it is important to remain vigilant. If the price action does not align with our expectations and fails to hold at the support level, the ensuing drop could be substantial. A significant fall might indicate a bearish sentiment prevailing in the market, leading to a deeper correction.
Conclusion:
In summary, our first perception of the CHFJPY pair is cautiously optimistic, with an initial pullback followed by potential upward momentum. Traders should monitor these key levels closely and adapt their strategies accordingly. Keep in mind the alternative scenario, where a failure to hold the support could result in a significant decline.
Stay tuned for further updates, and happy trading!
By Piptera Digital Solutions
CHF/JPY Gave Good Bearish P.A , Is It A Good Time To Sell ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CHFJPYIs CHFJPY exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 175
What you guys think of it?
CHFJPY : Rising channel at the top - trend weakening?The pattern developing at the top suggesting slowdown in absolute bullish momentum.
If the rising channel is broken then on retest we may see a sell side entry with good RR ratio.
On the watchlist for now.
CHFJPY: More Growth is Coming?! 🇨🇭🇯🇵
CHFJPY broke a resistance line of a symmetrical triangle formation
on a daily/12h time frames.
It indicates the strength of a current bullish trend.
The market may keep growing and reach 180.0 level soon.
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CHFJPY will touch 181.00 Chfjpy has broke the resistance and it has bullish trend going on right now and im expecting price to reach 181.00 in coming days
CHFJPYCurrently on chfjpy price has taken out the buyside liquidity and the external range liquidity and left a fair value gap on the 3hr timeframe, we are now expecting for a retest to the fvg before distributing to the downside.
CHFJPYCurrently on chfjpy price has taken out the buyside liquidity and the external range liquidity and left a fair value gap on the 3hr timeframe, we are now expecting for a retest to the fvg before distributing to the downside.
Nearly about 2000 PIPS going to play outCHFJPY had quite of bullish journey and breakoit in 50 years
Feeling bearish but 2000 pips seem to be ready to play out. 0.50 lots or higher youll hit couple hundreds dollars profits maybe more
CHFJPY - Perfect Wycoff
After the Explosive move
We have all the Elliments of the Wycoff Pattern
Happens time after time
Inconjunction with fundamental Strength of a Currency especially is a very reliable pattern/Syetem.
For whatever reason CHF is flavour of the day for the last 2 - 3 weeks especially.
Plus it is fundamentally strong compared to the Jappy
last 4 weeks scores
7,8,6,6
Looks like fundamentals are dropping a bit but still way in the green 10 being the top score.
The Volume Profile to the left is a screenshot of the 5 minute time frame and clearly shows a lack of orders in the top section of the Explosive Bearish Candle after the SNB Interest Rate decision which dropped from 1.5% to 1.25%
This is the safest area to get involved with often dropping or moving up very fast due to the lack of resistance of conflicting orders.
Anyway lets see : )
CHF/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
We are now examining the CHF/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 176.199 level.
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