CHF/JPY In chf/jpy market is showing that there is market shift occour,now market is making pullback as lower high and move to the downside to create lower low.targeting 173.261 level
CHFJPY trade ideas
4-11 PrpbelegCHFJPY 4-11: the macd starts a downtrend. That means that the big channel of 179 and 166 shows lower tops. Still it is not a convincing sell. That is why we placed a sell at 175.463.
CHF_JPY WILL GROW|LONG|
✅CHF_JPY is trading in an uptrend
With the pair set to retest
The rising support line
From where I think the growth will continue
LONG🚀
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CHFJPY is in a Bearish Structure after Breaking the SupportHello Traders
In This Chart CHFJPY HOURLY Forex Forecast By FOREX PLANET
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🟢This Chart includes_ (CHFJPY market update)
🟢What is The Next Opportunity on CHFJPY Market
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CHFJPY - Bearish TrendCHFJPY will start Bearish Trend as Bearish Divergence is formed?
Entry, Stop Loss & Take Profit are mentioned.
CHF Fundamentals: SNB is reducing policy rates since March 2024, SNB rate cut as from 1.25% to 1% recently may result in weak CHF.
JPY Fundamentals: BOJ is increasing policy rates since March 2024, which is causing continuous strength in JPY.
Lingrid | CHFJPY buying OPPORTUNITY from SUPPORT zoneFX:CHFJPY is currently in a bullish trend, and the price is pulling back towards the support level at the psychological level of 175.000. This pullback presents an opportunity for the market to test both this key support level and the upward trendline. I expect that the price will bounce off the psychological level, confirming the overall bullish trend and potentially leading to a continuation of upward movement. If the support holds, it could provide a solid entry point for bullish trades. My goal is resistance zone around 178.000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
CHFJPY BUY SELL SETUP !!“If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money.” - Bill Lipschutz
CHFJPY SELL SETUP !!“Most traders take a good system and destroy it by trying to make it into a perfect system.” - Robert Prechter
Buying Against The Yen On The Daily Time FrameLonged CHFJPY in the morning (now is 10:13pm SGT) after sieving through the JPY pairs in my watchlist(with Continuous Bars and Inside Bars).
Price broke out of the Daily Time Frame's Minor Resistance level and continued bullishly in the previous few days.
I am going for 2R TP if everything goes well. Might exit manually due to upcoming major news.
Reference previous day's lows to set my stoploss and will be shifting my stoploss based on previous day's lows as long as price closes above the previous previous day's open price.
CHFJPY is BearishPrice was in a strong uptrend, however a matured bearish divergence seems to be at play as previous higher low is broken successfully. If the current bearish momentum sustains then we can expect further slide in price action as per Dow theory. Targets are mentioned on the chart.
Trade idea - CHFJPY Long4H
Corrective approach towards entry zone / Bull Flag.
-68 Fibonacci completion aligning with entry zone.
= Confirmation to place buy limit.
1.5% risk.
Aiming to take profit at Daily TP.
CHFJPY - Short SetupPrice swept the 1H key level and closed below with a bearish engulfing. Breakout traders got into a long trap, so the "underwater".
To close their long positions, they have to sell. That is exactly why I expect to see price trading lower to opposite liquidity levels.
I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
Keep it simple and consistent!
CHFJPY, Bullish Trendtrend Reversal From Strong Trendline
Bullish Divergence
Inverted head and Shoulder formation
Bullish Trend Started
New Highs Formation
Buy @ CMP
CHF/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the CHF/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 172.694.
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Sell CHF/JPY Wedge BreakoutThe CHF/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 176.60, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 175.90
2nd Support – 175.30
Stop-Loss: To manage risk, place a stop-loss order above 177.30 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
CHF/JPY: Bullish Momentum Builds Amid Market SentimentContrarian Signal Boosts CHF
With 82% of traders positioned short on CHF/JPY, a strong bullish contrarian signal has emerged, pushing the pair upward as short-covering fuels gains. Technical support around 175.00 has held firm, reinforcing the bullish trend. Favorable Swiss economic stability vs. Japan's dovish policy further supports CHF’s strength in the near term.
Potential Buys On CadJPyBreak and RETEST, it been playing around the resistance level until it finally found footing retested it. What's your thoughts ?
CHFJPY- technically SPEAKINGMay the odds forever be in our favour, anyway thinking in probability means understanding that today the outcome is random but overtime the outcomes become predictable
chfjpy is bullishThe CHF/JPY cross pair consists of the Swiss franc and the Japanese yen. Both currencies are used as safe-haven and funding currencies because of their unique characteristics and low interest rates.
Factors affecting the CHF/JPY rate include general economic indicators, such as information on employment, inflation data, retail sales, industrial production, trade balance and the release of GDP data, as well as the central bank decisions regarding the interest rates in both countries. Political events, natural disasters and various government policies can impact the CHF/JPY exchange rate significantly.
CHFJPY | 28.10.2024SELL 175.750 | STOP 176.950 | TAKE - 1 - 174.640, TAKE - 2 - 173.800 | Correction.
CHFJPY - NEW BREAKOUTHello Traders !
On the daily time frame, The CHFJPY broke the resistance level (174.000 - 175.170).
This key level becomes a new support level !
So, I expect a bullish move📈
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TARGET: 177.020🎯
