CHFJPY trade ideas
Buy setupPrice is retesting support as it has done over and over again. If you want to join the ride up, then now is your time.
As usual, it is essential to trade safely - do your own analysis first and weigh the potential risks against the potential gains. If the trade is worth it, then you can take it.
Buy setupPrice is retesting support as it has done over and over again. If you want to join the ride up, then now is your time.
As usual, it is essential to trade safely - do your own analysis first and weigh the potential risks against the potential gains. If the trade is worth it, then you can take it.
CHF-JPY Bearish Bias! Sell!
Hello,Traders!
CHF-JPY went up sharply
But the pair has hit a
Horizontal resistance level
Of 172.690 and we are
Already seeing a bearish
Reaction so we will be
Expecting a local move down
Sell!
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CHFJPY A Fall Expected! SELL!
My dear followers,
This is my opinion on the CHFJPY next move:
The asset is approaching an important pivot point 172.41
Bias - Bearish
Safe Stop Loss - 173.02
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 171.51
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
CHFJPY Is Very Bearish! Short!
Here is our detailed technical review for CHFJPY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 172.156.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 170.706 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 Uptrend Pullback TradeCHFJPY Uptrend Pullback Trade
1. Nice Momentum candles build-up
2. BUY/SELL indicator confirmation
3. Currency Strengh Meter confirmation
4. Trend Following Confirmation
5. Positive Swaps
6. Price above 3 MA's (20,50,200)
7. 2% Risk, 2:1 R:R
8. Possible Partials
9. Trailing stop based on ATR
10. 3 x daily ATR Stop Loss based
11. 7 Bars time-based stop loss if no reaction
12. Closing at break of structure/opposite signal
CHFJPY: Great Trading Opportunity
CHFJPY
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell CHFJPY
Entry - 172.17
Stop - 173.10
Take - 170.70
Our Risk - 1%
Start protection of your profits from lower levels
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CHFJPY
NZD GBP already hit all time high where it was originally a few weeks ago before intervention.
All jappy pairs are coreleated so they should all get there eventually
Based on the correlations data from Myfxbook, here are the percentage correlations of NZD/JPY with other JPY pairs on a daily timeframe:
AUD/JPY: 76.1%
CAD/JPY: 89.2%
CHF/JPY: 87.0%
EUR/JPY: 74.8%
GBP/JPY: 72.6%
USD/JPY: 92.7%
These correlations indicate how closely the movements of these pairs align with NZD/JPY. Higher percentages mean stronger correlations, suggesting that these pairs tend to move in similar directions.
Potential Bullish IdeaIt looks like the market is in a wave 4 (triangle) of the potential up trend with what looks like an impulse. Upon breaking the upper line of the potential triangle (correction), it will add more confluence to our plan. As it stands, we're looking for upward movement with this instrument. If one is to engage with it, make use of your trading tactics including RM, RRR and never forget your SL because, it will keep you longer in the market.
CHFJPY โ Trade Analysis | SELL SetupCHFJPY is creating symmetrical triangle and is moving in a descending channel near the upper boundary. The volatility of the price movement decreased when approaching the channel boundary. Price is approaching the previous high, where the market dropped.
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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CHF-JPY Potential Short! Sell!
Hello,Traders!
CHF-JPY is going down
Now as the pair is making
A bearish pullback from the
Horizontal resistance of 171.940
And I believe we will see
The price go further down
To retest the horizontal
Support below at 170.900
Sell!
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CHFJPY Is Very Bearish! Short!
Please, check our technical outlook for CHFJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 171.662.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 168.922 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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CHFJPY Sell opportunity.The CHFJPY pair is trading on a Falling Wedge pattern, which every time it formed within the long-term Channel Up, it was followed by a sharp decline. The last one hit the 1D MA200 (orange trend-line), which has so far held twice, rendering it the new Support level.
Notice that all those tops, had a similar 1D MACD structure. As a result, we turn bearish on the short-term on CHFJPY, targetng 169.000 (1D MA200).
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