CHFJPY - A Ranging Market.
- CHFJPY is currently moving in range.
- No clear trend is defined.
- Buy stop and Sell stop orders in place in case of breakout
JPYCHF trade ideas
DeGRAM | CHFJPY pullback to the channel boundaryThe strength of CHFJPY rebounds has decreased.
The chart came out of the descending channel.
The price reached the resistance level coinciding with the 38.2% retracement level.
We think that the pullback will take place after the resistance retest is completed.
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CHFLPY SHort Outlokklooks like potential bearish move comng up ...
if so we will consider exeuting a traing to downside for huge profits!
Simple chart analysis for CHFJPYDowntrend Elliot Wave finish. Still waiting for C of ABC to finish with an E.W, that, only takes the chart to reach 300% and higher to make the fifth peak.
News are on standby, so it should go according to plan.
CHFJPY is running in tight support and resistance in 1hourCHFJPY is running in tight support and resistance in 1hour
CHFJPY in Sideways RangeCHFJPY is currently trading sideways which makes the application of support and resistance strategy more suitable.
Buy CHFJPY Triangle BreakoutThe CHF/JPY pair on the M30 timeframe presents a potentially interesting situation with a triangle breakout pattern.
Potential Long Trade :
Entry: Above the broken resistance line of the triangle, ideally around 167.60 after confirmation.
Target Levels:
168.75: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected upwards from the breakout point.
169.18: This is a further extension of the upside target, based on the height of the recent price movement.
Stop-Loss: Place a stop-loss order below the broken resistance line of the triangle, ideally around 167.45. This helps limit potential losses if the price fails to break out and reverses downwards.
Thank you.
How Do Central Bank Rate Decisions Push/Pull Forex Markets?Hey Traders,
In this video I will cover an in-depth study on how the decisions of Central Banks concerning interest rates dictate the velocity of any market move in Forex.
This is something you really need to know if you are trading any FX pair, especially the JPY or CHF.
The deviation between the central banks of the two is a growing deep and this is driving the new move, as it did the previous one.
Watch for more.
DeGRAM | CHFJPY rebounded from resistanceCHFJPY is moving in a descending channel between two trend lines.
The volatility of the price movement has decreased, which may signal an upcoming decline.
We think that the price may test the resistance again and then pullback to the 50% retracement level.
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CHFJPY READY TO DROP ?Time go short.
CHFJPY is currently consolidating on the higher time (4hr) so im looking to capitalise on the move to target 166.548.
First target 167.527
second target 167.228
third target 166.578
So lets see what happens guys
CHFJPY: back to major support?A price action below 167.75 supports a bearish trend direction.
Bearish confirmation for a break below 167.35.
The target price is set at 165.40 (the major support trendline).
The stop-loss is set at 169.85 (its 23.6% Fibonacci retracement level).
Crossing below its 200-day might support further downside potential.
CHF/JPY BEARS ARE STRONG HERE|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 166.508.
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CHF/JPY- Support and resistance levels are crucial in range-bound markets.
- Support prevents prices from falling further, resistance stops prices from rising.
- Traders use technical indicators and chart patterns to identify these levels.
- Prices can break through support and resistance levels.
- Traders make decisions based on these levels alongside other factors like fundamentals and risk management.
CHFJPY APRIL 2024 WEEK 2 OUTLOOK -
Daily - looks good for shorts as long as price stays below 167.982. if price holds above 168.865, we switch bias to long.
Origin - not fully aligned with daily. right now price looks good for longs but considering daily, that move could be short lived. so I will look for fresh shorts only after price clears 167.471
a clear trajectory for CHFJPY BOJ dovishness has been somewhat being positive for most JPY pairs especially CHFJPY. As we can see on the chart, the market is hovering around weekly demand structure and from here, I believe we will keep on moving south in the forthcoming weeks.
Trade safe!
Carpe diem!
CHFJPY Inside a complex patternCHFJPY Inside a complex pattern
Technical Analysis:
The price is developing a large corrective pattern.
The C wave looks completed and the price is also losing the bullish steam on the
4-hour chart.
During the last days the price also created some bearish 4 hour candles by rising the chances
for the bearish wave we are looking at.
A break out of the price below the pattern should push it down more.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
CHFJPYThis Weekly FORECAST
Opportunity for CHFJPY. This setup trading idea is for swing. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
CHFJPY - AMD Pattern Confirmed? Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: As we can see from chart price here was in an accumulation phase for the last 2 weeks and on Friday it manipulation buy side liquidity, so now I expect distribution lower for sell side liquidity.
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An Idea to produce a little over a 4:1 GainThis trade Idea uses the Smart Cloud System as Its primary tool to gain the Mark-Up Data.
CHFJPY - bloody drop ? short ideaCHFJPY trading bullish for a long time. Now I think it will start falling. It is very hard to analyse technically when price at All-To-High. But i think because of last changes made by Bank of Japan price will start to drop. Actually from 4 hour chart it is already started, it is traded in range and now dropping by making falling channel.
CHFJPY LongDrawing from insights gleaned on the daily timeframe, an auspicious opportunity emerges to initiate a buy position on CHFJPY at the current juncture. Despite the inherent risk, this analysis suggests a favorable upside potential in the forthcoming sessions. Let us observe attentively as market dynamics unfold, monitoring closely the progression of this strategic trade.
Buy CHFJPY 05/04/2024I am going long CHFJPY at market price. Long term trade.
SL : 167.08
TP: 170.75
I am only sharing my trades, not a recommendation to the market.
CHFJPYCHFJPY is in a correction period. at the support level 166.919 if the price cannot break through It is expected that in the short term there is a chance that prices will rebound.
>>GooD Luck 😊
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