CHFJPY - Firo Retracement TradeHello traders,
we have a nice pulse to the upside and a wicked retracement over Fib(0.318). Price pulled back up over Fib(0) and broke it. Entry is back on retest of Fib(0)
JPYCHF trade ideas
CHFJPY shortCHFJPY is now seems to be reverse its trend. As It previously showed RSI divergence and aslo formed a head and shoulder pattern
CHFJPY 4HIntraday Bearish Bias: After the price closed below the support level on a 4H time frame, am expecting the price to drop to (168.00).
chfjpy sell trade ideaBased on the latest technical analysis for the CHF/JPY H4 (4-hour) chart, here's a bearish perspective:
*Moving Averages:*
- The *Simple Moving Averages (SMAs)* and *Exponential Moving Averages (EMAs)* are indicating a bearish trend with the price below key moving averages.
- A *death cross* may be forming, where a longer-term moving average crosses above a shorter-term one, suggesting downward momentum.
*Oscillators:*
- The *Relative Strength Index (RSI)* is below 50, which typically indicates bearish momentum¹ .
- The *Stochastic Oscillator* is signaling a potential downward move as it approaches overbought territory¹ .
*Support and Resistance Levels:*
- The price has recently failed to break above a significant resistance level, indicating a lack of buying pressure.
- There may be a formation of lower highs, which is a classic bearish signal.
*Volume:*
- Trading volume is decreasing on upswings and increasing on downswings, which often signifies a strong bearish sentiment.
*Candlestick Patterns:*
- Recent candlestick formations suggest distribution by bears, with patterns such as the 'Bearish Engulfing' and 'Shooting Star' indicating potential reversals to the downside.
*Fibonacci Retracement:*
- The price is struggling to stay above the 0.618 Fibonacci retracement level, a common reversal zone, hinting at a possible downward movement.
*Overall Sentiment:*
- The aggregate sentiment from technical indicators points towards a bearish outlook for CHF/JPY on the H4 chart.
Please note that this analysis is based on current chart patterns and indicators, and the forex market is highly volatile. It's important to do your own research and consider multiple sources of information before making any trading decisions. This analysis does not constitute investment advice.
CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello,Friends!
We are now examining the CHF/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 167.914 level.
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CHFJPY TANKING IF HELD BELOW 169.293Chfjpy is currently stalling at 169.718 region at which if we see chfjpy breach 169.293 and we see a pull back to the key level on the chart, i see chfjpy dropping.
CHFJPYDemand zone with a bearish FVG and a trend line. Waiting to see if the demand hold for a buy up to the 170.500 area
CHF/JPYAn inverse head and shoulders pattern is a bullish reversal pattern in technical analysis. It forms after a downtrend and consists of three troughs: two shoulders and a head, with the head being the lowest point. The pattern suggests a potential reversal in market sentiment. The neckline, drawn by connecting the highs between the shoulders, acts as resistance that the price needs to break above to confirm the pattern. A breakout above the neckline, typically accompanied by increased volume, signals bullish momentum. Traders often wait for confirmation of the breakout before considering long positions, and they may use the distance from the head to the neckline to estimate a price target. However, traders should consider other factors such as overall market conditions and trend strength before making trading decisions solely based on this pattern.
CHFJPY-Bearish TrendThe pair after its bull run has shown signs of weakness and after showing divergence on RSI the rising wedge pattern also appeared. A short entry can be taken this formation is complete and breakdown of the structure is shown by the market
CHFJPY
Pattern looks like it's heading down
Was over Extended
Turns into a Wycoff pattern
2 big Pin bars
Trend is down 1m to 1 hr
Jappy Interest Rate latter in the week
Prob Jappy bank with the big Pin Bar they keep saying they could drive price lower.
Sell CHFJPY Channel BreakoutThe CHF/JPY pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined channel pattern.
Potential Short Trade :
Entry: Consider entering a short position (selling) below the broken support line of the channel after confirmation. Ideally, this would be around 169.90 or lower if the price continues to decline.
Thank you.
CHFJPY - Short active ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I expect for now bearish price action after price filled the imbalance and rejected from bearish order block + institutional big figure 170.000.
Fundamental news: This week on Friday (GMT +3) will be released Policy Rate in Japan, news with high impact on currency.
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CHFJPY APRIL 2024 WEEK 4 OUTLOOK -
Daily - bullish. 170.133 is the level to watch out. any long position I take will be managed / observed closes as price tags this level. This level being too close to current price does not bode well for our entries due to potential bad RR.
Origin - I like the structure here. if the daily issue was not present, I would say that if price sustains over the POC, we can look for longs without a problem. but daily R1 being right above presents issue. the chop experienced through last week has removed any potential need for a pullback. so it's quite blurry at the moment.
CHF/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
The BB upper band is nearby so CHF/JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 168.378.
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JAPANESE YEN (JPY)LIGHT AT THE END OF THE TUNNEL FOR THE YEN? With lots of news on intervention, could this be a turning point for the yen in the coming week, month? Some bet on the yen strengthening next week for me.
CHFJPY - Bullish TrendCHFJPY is in bullish trend as it is printing HH's and LH's on 1H Timeframe. One can enter in Long position at Inverted Hammer candlestick pattern in the corrective move. significant levels are marked on the chart
CHFJPY - 4hrs ( Buy Trade Target Range 220 PIP ) Pair Name : CHF/JPY
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
Bullish Break
168.800 Area
Reasons
- Major Turn level / D
- Channel Break
- choch Break
- day High Break
- week high Break
- Fibo Golden
Bearish Reversal
171.250 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Pattenr Target
- Counter Trend Line
- Fibo Golden
CHFJPY SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
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 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
