JPYCHF trade ideas
CHFJPY Double TopCHFJPY is showing signs of a trend reversal, indicated by RSI divergence and a breakout of the neckline.
CHFJPY DoubleTop formationTrade Plan
Entry Level(Sell Stop): 173.655
Stop Loss Level: 174.977
Take Profit Level 1: 172.333
Take Profit Level 2: 171.011
Reasons for Bearish bias:
- Double top formation
- Bearish divergence
- Safe entry at neckline breakout
Trade Like A Sniper - Episode 14 - CHFJPY - (4th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing CHFJPY, starting from the 12-Month chart.
- R2F
CHF JPY - SHORTGBPCHF is currently following a uptrend, but it failed to print the next higher high
short entry is recommended after the breakdown of previous low.
CHFJPY - H1 - Took 1.5R ProfitEntry:
- Uptrend is clear.
- Price pullbacks to 40-50%.
- Setup SB below the ema.
- As support we have the cluster of bar on the left.
Exit:
- Took 1.5R profit (Sell into strength).
CHFJPY Trend ReversalCHFJPY is expected to reverse from bullish trend, trade plan is to entry at breakout of HL
CHFJPY is continuing its bullish trendwith no divergence the trend is looking promising that it will make new HH and HL
CHFJPY Bearish RSI DivergenceCHFJPY expected reversal as there is bearish divergence and formation of red candle.
CHFJPYLooking for a sell trade in CHFJPY.
Reason for sell trade: Possibility of making double top pattern.
Price is in a overbought area, so there will be a huge pullback or reverse in price action.
Use proper risk management.
Thank you
CHFJPY 3 June 2024Trading Plan
Buy on demand area (173.756-173.469)
SL on 173.404
Reason to buy
Strong big candle after base and create imbalance
Time spent to built base relatively short RBR with 2 candles
Fresh Zone
Good R:R more than 1:2
Origin Zone
Overlap with H4 Zone
CHFJPY - 4hrs ( Buy Trade Target Range 180 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
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🔗 Key Technical / Direction ( Long )
Type : Mid Term Swing
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🛡Bullish Break
173.000 Area
Reasons
- Choch Break
- Major Turn level / w
- inner Channel Break
- Inner Triangle Break
- Day / week High
- Fixed poc
🛡Bearish Reversal
175.000 Area
Reasons
- Major Turn level
- Visible Range Lvn
- Pattern Target
- Choch Zone
- Quarter's Area
CHF JPY SELL There is a potential trend reversal on the 4 hour timeframe.
Stop loss: 173.72
Take profit: 17.76
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CHFJPY Long Re-entryCHFJPY Long Re-entry after finger pre-close.
MISTAKE: Looked at chart at 16 not 21 and got scared, the day would close with positive result.
Took some profit anyway. Generally positive result.
CHFJPY - BULLISH MOVE
Previously, The CHFJPY Formed a Bullish Double Bottom Pattern and Broke The Lower High (ChoCh).
At the moment, the price has pulled back and formed rectangle pattern.
The resistance level is broken!
So, I Predict another Bullish Move📈
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TARGET: 172.990🎯
Buy setupPrice is retesting support as it has done over and over again. If you want to join the ride up, then now is your time.
As usual, it is essential to trade safely - do your own analysis first and weigh the potential risks against the potential gains. If the trade is worth it, then you can take it.
Buy setupPrice is retesting support as it has done over and over again. If you want to join the ride up, then now is your time.
As usual, it is essential to trade safely - do your own analysis first and weigh the potential risks against the potential gains. If the trade is worth it, then you can take it.
CHF-JPY Bearish Bias! Sell!
Hello,Traders!
CHF-JPY went up sharply
But the pair has hit a
Horizontal resistance level
Of 172.690 and we are
Already seeing a bearish
Reaction so we will be
Expecting a local move down
Sell!
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Check out other forecasts below too!
CHFJPY A Fall Expected! SELL!
My dear followers,
This is my opinion on the CHFJPY next move:
The asset is approaching an important pivot point 172.41
Bias - Bearish
Safe Stop Loss - 173.02
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 171.51
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
CHFJPY Is Very Bearish! Short!
Here is our detailed technical review for CHFJPY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 172.156.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 170.706 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
CHFJPY Uptrend Pullback TradeCHFJPY Uptrend Pullback Trade
1. Nice Momentum candles build-up
2. BUY/SELL indicator confirmation
3. Currency Strengh Meter confirmation
4. Trend Following Confirmation
5. Positive Swaps
6. Price above 3 MA's (20,50,200)
7. 2% Risk, 2:1 R:R
8. Possible Partials
9. Trailing stop based on ATR
10. 3 x daily ATR Stop Loss based
11. 7 Bars time-based stop loss if no reaction
12. Closing at break of structure/opposite signal
CHFJPY: Great Trading Opportunity
CHFJPY
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell CHFJPY
Entry - 172.17
Stop - 173.10
Take - 170.70
Our Risk - 1%
Start protection of your profits from lower levels
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