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Swiss Franc / Japanese Yen

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CHFJPY trade ideas

CHFJPY Elliott Wavehello friends We see a triangle in the CHFJPY currency pair. Triangles are always seen in wave 4 or B of a zigzag. But everything depends on where these triangles break. It usually moves in the same direction after the break and the Pullback goes to the line. My theory is a wave B of a zigzag and the price is more likely to decline. Stop loss can also be set at the end of the previous wave or previous swing, because if the previous wave or previous swing is broken, the analysis and the chosen path are invalid and you have to enter the trade in the direction of the price break. The probability of a price decrease is much higher than its increase. Therefore, we have prepared a trade for downward movement. Of course, we are in microwave C of the main wave D of the triangle. So, for the time being, the price reduction to the bottom of the triangle trend line seems definite. To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.
Short
by M_Gheysvandi
1
Price is breaking the corrective wave - continue to downtrend ?Trading Setup: A Trading Signal is seen in the CHFJPY Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 172.27 ⭕️SL@ 173.89 🔵TP1@ 165.81 🔵TP2@ 161.81 🔵TP3@ 154.66 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Short
by pullbacksignal
CHFJPY Sell-off to be extended.The CHFJPY pair has been trading within a Channel Down pattern since the July 11 High and has currently already started the new Bearish Leg, having failed to break above the 1D MA50 (blue trend-line). Until it does, the trend will remain bearish. This Leg targets the 1W MA100 (red trend-line) and our Target is 161.500. We will swift to buying again after the CCI prints two straight Higher Lows, similar to August 05 and April 02, but we will update when the time comes. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
CHFJPY Is Bullish! Long! Here is our detailed technical review for CHFJPY. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 169.713. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 170.855 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1