Chart 1 of 5: CHFJPY Trading in a range from last couple of weekCHFJPY take the advantage of range trading buy stop order and hopefully anjoy a temporary upward trend.
CHFJPY trade ideas
CHFJPY Bearish Momentum Detected at Key Resistance LevelsThe CHFJPY pair is currently exhibiting a significant technical pattern known as a Bat Harmonic Pattern (XABCD). This formation is characterized by specific Fibonacci ratios between its key points, indicating potential trend reversals.
Key Points of the Bat Harmonic Pattern:
- Point X: Represents the starting point of the pattern.
- Point A: Marks the initial leg of the reversal.
- Point B: Indicates a retracement from the initial move, usually between 0.382 to 0.618 Fibonacci retracement levels.
- Point C: Marks a move against the initial trend, typically retracing 0.382 to 0.886 Fibonacci levels of AB leg.
- Point D: The completion point of the pattern, typically forming around a 0.886 Fibonacci retracement of XA leg. It often coincides with other technical indicators such as key support or resistance levels.
Trendline Confluence:
In addition to the Bat Harmonic Pattern, the CHFJPY pair is also adhering to a trendline, reinforcing the significance of the potential reversal from Point D.
Bearish Momentum Expectation:
Given the confluence of the Bat Harmonic Pattern and the trendline, we anticipate a bearish momentum to initiate from Point D. This point holds substantial importance as it aligns with a key resistance level and coincides with the 0.786 Fibonacci retracement level.
Trade Setup:
- Entry: We propose entering a short position at 169.010, aligning with the anticipated bearish momentum.
- Stop Loss: To manage risk effectively, a stop loss is recommended at 170.110, allowing for a buffer against potential adverse price movements.
Take Profit Levels:
To capture potential downward movements, we suggest the following take profit levels:
- TP-1: 167.900
- TP-2: 166.830
- TP-3: 165.700
Conclusion:
In conclusion, the CHFJPY pair presents a compelling trading opportunity with the formation of a Bat Harmonic Pattern alongside a trendline confluence. With an entry at 169.010 and appropriate risk management measures, traders can position themselves to capitalize on the anticipated bearish momentum toward the suggested take-profit levels.
CHFJPY SHORTDAILY
- Price went to daily zone of interest (SD)
- Rejection candle / doji
- Bearish MS
WEEKLY
- Bearish W / HS/ IC
- SD zone
4 HOUR
- Head and shoulders
Lingrid | CHFJPY Potential selling OPPORTUNITY at KEY resistanceThe price perfectly fulfilled my last idea, and it went up towards the resistance and hit TP. The price is overall in the range phase on the 4H timeframe, and currently it is pulling back to resistance after a massive sell-off or impulse leg. I think that the price might fall from the key resistance zone around the 170.000 and upward trendline as well as the upper border of the downward channel. I expect the price to roll back to the support level and retest the middle of the range zone below. My goal is the support level 168.000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
CHF/JPY Long Setup Fully Closed +250 Pips, Selling Area Clear !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.
CHF/JPY H4 | Potential bullish breakoutCHF/JPY is exhibiting strong bullish momentum and could potentially rise above a breakout level to climb higher.
Buy entry is at 169.56 which is a breakout level ( wait for the 1-hour candle to close above 169.56 for confirmation ).
Stop loss is at 169.00 which is a level that lies underneath the 23.6% Fibonacci retracement level.
Take profit is at 170.14 which is a pullback resistance.
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CHFJPY Long1. Price Above 2 MA's
2. Price Above 200 MA
3. Nice bullish momentum candle
4. Currency Strenght Meter Confirmation
5. Trend Following Indicator Babypips Confirmation
6. PSAR Signal
7. JPY News Tomorrow as possible Catalyst
8. No strong resistance area above
9. Babypips BUY/SELL Confirmation
10. Stop Losses from Breakout traders taken on Lower Timeframe - M15
11. 2% Risk, 3:1 R:R
12. Exit on reverse signal, structure break, timestop when no volatility, change of scenario
CHFJPY a good short?Last week's "Chart of the Day" highlighted the JPY futures (6J) as they were breaking down through wedge support. This has taken place, and now intervention talk is louder than ever. As this has happened, the risk for intervention has indeed increased and with the CHFJPY, it may pose a better risk/reward for fresh short positions (or long JPY).
The Swiss National bank (SNB) keeps rates at 1.5%, which is lower than most G10 central banks. And with the Bank of Japan coming out of "negative rates" and eventually raising rates over time, the gap between the SNB and BOJ should tighten. Especially as the SNB is hell bent on bringing down the value of their currency and cutting rates near term.
Technically, the CHFJPY has bounced back to the 61.8% retracement of the February highs to March lows. And this could allow for a good risk/reward entry for new short positions. Clearly, the 200dma has offered support, and a break below the 200dma may allow traders to add to a profitable position on any sustained break below the 200dma which could also suggest a rounded top reversal pattern is taking place longer term.
CHF/JPY +200 Pips 0 Drawdown , New Entry Confirmed !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.
CHFJPY: Important Bullish Breakout 🇨🇭🇯🇵
CHFJPY formed an ascending triangle formation last week.
Yesterday, the price bounced and formed a high momentum bullish candle.
It managed to break and close above the neckline of the pattern.
The pair may continue growing.
Next goal for buyers will be a falling trend line.
❤️Please, support my work with like, thank you!❤️
CHFJPY - Double Bottom 📈Hello Traders !
On Wednesday 27 March, The CHFJPY Reached The Support Level (166.798 - 167.394) and Failed To Break it !
The Price Formed a Double Bottom Pattern.
Currently, The Neckline is Broken !
So, I Expect Bullish Move 📈.
TARGET: 169.220🎯
CHFJPY - Long from S/R zone ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement and rejects from trendline + S/R zone + institutional big figure 168.000.
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CHFJPYCHFJPY is trading in Bullish trend with no divergence at top secondly at 0.618-0.78 fib support AND At horizontal support and making HL
place buy with risk defined below Last low
CHFJPY: Important BreakoutCHFJPY successfully broke above the neckline of a flat top triangle pattern on a 4-hour chart and closed above it.
This signals the strength of the buyers and suggests a possible return to a bullish trend. The next targets for buyers are 169.33 and 170.03.
CHFJPY Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for CHFJPY below:
The price is coiling around a solid key level - 168.64
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 168.08
Safe Stop Loss - 168.96
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
CHFJPY Bullish Robbery plan to make MoneyDear Robbers,
This is our Day Trade master plan to Heist Bullish side of NZDJPY Bank. My dear Robbers U can enter at the any point above my entered area, Our target is Red Zone that is High risk Dangerous trap area. Be safe and Be rich. Loot and escape near the target 🎯
