CHFJPY - SHORT IDEADivergence with head and shoulder confirmation on 1 hr and 4 hr chart.
Short from neckline with stop loss at head.
CHFJPY trade ideas
CHFJPY: shortlooking for an RR of 2 for this sell opportunity in 12 hr time frame. it seems it is going to reject the zone
Long in CHFJPYI am currently in a long position on CHFJPY as the price has reached a demand zone.
A demand zone is an area on the chart where buying interest is expected to exceed selling pressure, potentially leading to a reversal or continuation of the bullish trend. In this case, the price has touched the demand zone, indicating a potential buying opportunity.
To support my decision, I have also considered other technical factors such as bullish candlestick patterns or indicators that suggest a potential upward movement. By analyzing these factors, I believe that the demand zone is a significant level where buyers are likely to step in and drive the price of CHFJPY higher.
As a responsible trader, I will continue to closely monitor the market and adjust my strategy accordingly. I will be watching for any signs of a reversal or potential resistance levels that could impact the upward movement of CHFJPY.
Risk management is crucial in trading, and I will maintain a disciplined approach by using appropriate risk management tools such as stop-loss orders and having a plan in place to protect my capital.
In summary, I am currently holding a long position on CHFJPY based on the price reaching a demand zone. I will closely monitor the market and make informed decisions to maximize potential profits.
Please note that trading decisions should be made based on your own analysis and risk tolerance. It is always recommended to consult with a financial advisor or conduct your own research before making any trades in the financial markets.
CHFJPY: Uptrend Faces Risks - Short Opportunity on the Horizon📈 Overview:
CHFJPY's uptrend encounters challenges with a flat top, bearish RSI divergence, and a bearish market sentiment above 90%. The neckline break signals a potential shift.
📊 Technical Analysis:
Flat top, RSI divergence, and neckline break indicate a possible reversal in CHFJPY's upward momentum.
📉 Trade Strategy:
Traders may consider a short position near the 0.236 Fibonacci level, aligning with the technical signals and bearish sentiment.
🛑 Risk Management:
Implementing stop-loss orders is crucial to manage risks during potential market reversals.
📉 Conclusion:
CHFJPY presents a short opportunity as technical signals and market sentiment point towards a potential downturn. Exercise caution and employ risk management strategies.
Swing Opportunity on CHF/JPY - Short Position AnticipationGreetings fellow traders,
We've identified a promising swing opportunity on CHF/JPY, leaning towards a short position. Our analysis is anchored in the expectation of future JPY strength. Currently positioned at the previous structure high, we've noted significant wick rejections at this level, indicating a potential downward movement.
Trade Plan:
Entry Point: 167.8
Stop Loss (SL): 169.1
Take Profit 1 (TP1): 165
Take Profit 2 (TP2): 163
The entry at 167.8 aligns strategically with our analysis, capturing the resistance level and potential trend reversal. To manage risk effectively, the stop loss is set at 169.1, providing a prudent buffer against unexpected market movements.
The initial take profit level at 165 reflects a conservative approach to profit realization, aligning with the anticipated downward movement. For a more extensive move, the second take profit level at 163 corresponds to a strong support level and serves as a psychological threshold.
As responsible traders, we emphasize the importance of continuous monitoring of market conditions. Remaining adaptable to changing dynamics and adhering to disciplined risk management practices are crucial for successful trading.
Best of luck to all traders participating in this potential short opportunity on CHF/JPY. May your risk be managed judiciously, and the trade unfold as envisioned.
CHFJPY - Double Bottom 📈Hello Traders !
On The Daily Time Frame, The CHFJPY Price Reached a Support Level (162.202 - 161.259)
The Price Formed a Double Bottom Pattern.
Currently,
The Neckline is Broken.
So, I Expect a Bullish Move📈.
Let's Wait for Retest...
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TARGET: 169.200🎯
CHfJPY second entry to go long?Based on CHFJPY respecting the bias on the previous long trade, I do see some more upside as price has come to retest the previous resistance not turned support and we could be expecting more upside
CHFJPY - BEARISH - XABCD PatternAs you can see there is Harmonic pattern are made which shows that this will come down and made new Lower high and lower lows
CHFJPY: Short Signal Explained
CHFJPY
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short CHFJPY
Entry - 167.99
Sl - 168.90
Tp - 166.13
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
WaitThis is how I'm making back my Christmas money, holiday money & hit target for Jan 2024.
I need to wait for it
DeGRAM | CHFJPY selling opportunity from confluenceCHFJPY is testing the descending channel and where the price made a sharp move from.
The market is getting close to the confluence zone, dynamic resistance, a fibo level, a psychological level of 169.000, and a bearish harmonic pattern.
The price is likely to rebound from resistance and go down.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
BULLISH CHFJPY Expecting a bullish move for the day if the current h4 candle closes bullish , already the candle looks like a doji whichis good confluence
CHFJPY ICI Daily time frameWe have broke and retest on the 4h time frame signal entry
daily we have impulse correction and impulse in coming
CHFJPY SHORT
Weekly:
- 3/4 criteria for going short
*Extra is a weekly pattern can be activated
Daily:
- Big pattern in pattern (H&S + Bearish W)
*Daily 3 leg -27 FC as extra indication in our S&D zone
4H:
- Waiting for deceleration or pattern
CHFJPY- Looking over the edge.Chart does the technicals. Two forecasts to consider. Either the completion of a huge wave 4 on the weekly! This itself supposes the long drag up to a wave 5 completion of a multi-year super cycle high. if so this would be the first move up...... we can expect the long drop thereafter... it's a long way down from a monthly parabolic.
The second option is the grinding play out of a wave 4 still in control. I am in favor of this count to see a lower high fall over the next weeks to create a firm foundation for the final push.
