JPYCHF trade ideas
CHFJPY: Pullback Trade From Support 🇨🇭🇯🇵
CHFJPY has a nice potential to pull back from a key daily support.
As a confirmation, I see a bullish breakout of a resistance line
of a falling parallel channel after its test.
With a high probability, the price will reach 175.9 level.
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CHFJPY Supply and Demand
Coach Amilia had a look at the market and put her charting in.
We're just looking for the market to swing trade back into the supply which will be the new demand zone.
ultimately, we're looking for a swing trade so keep following the lines to keep "predicting" the market.
once it breaks out any of the structures and form new HH and LL then redraw it using the same format.
CHFJPY / H1 / LONGCHFJPY may rise from the Bullish Order Block.
The CHFJPY pair has recently touched a significant bullish order block and is now showing signs of upward momentum.
Bullish Order Block:
174.140 and 173.928
Given that price is within the bullish order block, we can expect potential upward movement. I've analyzed this chart using Smart Money Concepts (SMC), a highly effective strategy for identifying high-probability trades based on price action. Now, it’s time to watch how the price reacts as it attempts to move higher from this zone.
Entry price :- 174.295
Take Profit :- 174.819
Stop Loss :- 173.772
CHFJPY H1Positivity dominated the trading of the Swiss Franc against the Japanese Yen pair. Accordingly, we look forward to buying from the 172.06 levels and place a stop at the closing of an hour below the 171.233 levels. We place the
first target: 173.650.
The second target: 174.60.
The third target: 176.78.
CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
CHF/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 173.206 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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CHFJPY is in the Buying Direction testing major support levelHello Traders
In This Chart CHFJPY HOURLY Forex Forecast By FOREX PLANET
today AUDCAD analysis 👆
🟢This Chart includes_ (CHFJPY market update)
🟢What is The Next Opportunity on CHFJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
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CHFJPY is BearishPrice was in a strong uptrend, however it seems that bulls are exhausted and need a breather. Bears on the contrary smelled weakness and are trying to seize control of the price action, they have managed to break the previous higher low, and if the bearish pressure sustains we can expect further slide in price. Targets are mentioned on the chart.
CHFJPY FORECASTThis pair is looking promising due to price nature and structures. When we look from the higher time frame everything is looking good, however that is not only thing that will make us to enter this position. We better wait for the confirmation so that we reduce risk of the trade and the good thing is, the market always communicate before going.