A long shortEntry point: green area
Exit point: red range
near the ceiling of the monthly ascending channel. The possibility of a heavy downfall...
JPYCHF trade ideas
CHFJPY: Bears Will Push Lower
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the CHFJPY pair price action which suggests a high likelihood of a coming move down.
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CHFJPY SHORT IDEAWhat must go up must come down as always please leave room for reversal , Just a little bit of breathing room for SL
CHF/JPY end of uptrendThe pair is slowing down. The RSI is showing a clear divergence. Price has tapped and reacted to the supply areas (tradable on LTF).
Once the pair breaks the trendline as well as the support I am ready to short.
CHFJPY MAY 2024 WEEK 3 OUTLOOK -
Daily - bullish. looks clean to the upside. but, we have had 6 consecutive long days on this, so a day or two of trading in range will be good for a sustained move upwards.
Origin - as long as price holds above the zone **171.913 - 171.497**, we are bullish. if price breaks down, then I will look for buyers to step in around last week's AVWAP. price can just trade in range for a day and then shoot up from there.
longA good buy anticipation similar to GBPJP,A very low volume for the seller's Market seems to go UP without any hurdles,Good luck guys
Possible Trade for The weekPossible Trade for The week.
Looking to trade CHFJPY for the week. Waiting to see what the market is going to give me.
Happy Mother's Day and Happy Trading!
CHFJPY SellLooking to sell on CHFJPY.
Price has reached significant levels and showing signs of a reversal, this could be a great trade and multiple entries with confirmation.
CHFJPYWaiting the last movement up to put a beautiful short.
We have to option os risk: reward
1:2
1:1
O you put the trade in breakeven in 1:1 and leave the price continue moving down.
Blessings
At the end of the day remove the pending order if it has not entered.
thanks.
Butterfly (Bullish Harmonic Reversal) Pattern in CHFJPYButterfly (Bullish Harmonic Reversal) Pattern in CHFJPY observed in 4 hour time frame. The pattern is complete at point D (potential reversal zone), resulting in bullish trend reversal. This bullish can be used to take long position.
CHFJPY: Bears Will Push
The analysis of the CHFJPY chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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CHF/JPY Weakens, Sell At This LevelSell positions are entered when a valid Daily rejection is formed and confirmed on the H4 timeframe when testing the supply area of 171.33-172.29.
The selling opportunity this time will capitalize on the potential weakening of prices when testing the supply area. For further clarity, please refer to the explanation below.
CHF/JPY Daily
Level: Supply 171.33-172.29
On the Daily chart, there is a potential selling area in the supply zone of 171.33-172.29. Sell positions await the price to test the supply area and form a valid rejection in the form of a bearish engulfing candlestick pattern or pin bar (with a long upper shadow).
CHF/JPY H4
Signal: Daily Rejection Followed by H4 Candlestick Confirmation
For a sell entry, the signals used include 2 stages:
Formation of a valid Daily rejection in the form of a bearish engulfing candlestick pattern or pin bar (with a long upper shadow) when the price tests the supply level of 171.33-172.29.
Wait for a pullback first, then take a sell position using confirmation from candlestick patterns on the H4 timeframe such as bearish engulfing, pin bar (with a long upper shadow), or bearish inside bar.
CHF/JPY Entry Opportunity
From the above description, it can be concluded for the entry opportunity with the following plan:
Position : Sell
Level : Supply 171.33-172.29
Signal : Daily Rejection followed by H4 candlestick confirmation
Attention:
Entry only when confirmation has been formed.
Always use good money management (1-2% risk per transaction).
If a sell position has been taken and the price has not yet reached the SL or TP, close the position as soon as possible (emergency exit) if the price forms a candlestick reversal pattern (bullish engulfing, pin bar with a long lower shadow, or bullish inside bar) on the Daily timeframe.
Hopefully, this analysis helps readers to observe price movements and make transaction decisions.
CHFJPYCHFJPY price is near the resistance zone. 171.21-171.48 If the price cannot break through the 171.48 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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AB=CD Pattern Identified in CHFJPYA harmonics pattern has formed in CHFJPY in the absence of divergence
CHFJPY buy tradeBased on the latest technical analysis for the CHF/JPY pair on the H4 (4-hour) chart, here's a bullish perspective:
1. *Support Levels: The CHF/JPY pair has shown support around the **167.450* level, indicating a strong base for potential upward movements³.
2. *Moving Averages: The pair made a breakout above the simple moving average 30, which is a bullish signal. However, it's important to note that there was a strong rejection in the next candle, closing within **169.620*³.
3. *Technical Indicators*:
- *RSI (14): The Relative Strength Index is at **53.97*, which is neutral and suggests that there is room for upward movement before the pair becomes overbought².
- *MACD (12,26)*: The Moving Average Convergence Divergence is showing a slight sell signal, but this could be part of a larger bullish consolidation pattern².
- *ADX (14): The Average Directional Index is at **26.566*, indicating a moderate trend strength that could support a bullish trend continuation².
- *CCI (14): The Commodity Channel Index is at **147.7246*, which is a strong buy signal indicating bullish momentum².
4. *Pivot Points: The current pivot points suggest that the pair has room to move upwards, with resistance levels to watch at **169.10* and *169.15*².
5. *Overall Sentiment*: The overall sentiment from various analysts suggests a bullish outlook for the CHF/JPY pair, with expectations of further rises¹.
Please note that while the analysis points towards a bullish sentiment, the forex market is highly volatile and subject to rapid changes influenced by economic events, news, and other factors. It's crucial to use proper risk management and stay updated with the latest market developments.
CHFJPY MAY 2024 WEEK 2 OUTLOOK -
Daily - neutral. we have a no man's land as long as the price remains in the zone - **171.613 - 167.359**. if we break out of this zone and price holds, then we can look to get involved.
Origin - looks bearish. as long as we remain below **169.654** bias will be bearish here. once price falls below **168.130** any short position shall be closed as we will be inside daily POC.
CHFJPY BULLS IN ACTIONBullish Confluences in Price
1. 0.79 fib retracement
2. Bounce off the 100 Moving Average
3. Daily FVG (fair value gap)
4. an indecision candle stick pattern
these confluences are indicative of a bullishness in the CHFJPY pairs,and we can expect to see higher prices on this pair in the lower timeframes
AUDCAD Trend Analysis - Forecast - Monday 6th May 24Currently trading below the daily SMA in an uptrend, waiting for price to show signs of a reversal in the daily structure by testing or crossing the SMA prior to what would appear to be phase d of an accumulation structure on the daily or 4 hour timeframe.
#Wyckoff #TapeReading
Wyckoffian Trend Analysis
CHFJPYCHFJPY is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
What you guys think of this idea?
CHFJPY SELLFormation of ending diagonal/rising wedge on CHFJPY with a clear cut rejection. Wave 'B' is completed and is prepared for wave 'C'. Goodluck.
JAPANESE YEN NDEXUpdate on the YEN. I believe in a few weeks Price would hit "main" upper channel (trend) line. Just bouncing off the dotted upper trend line. Will update as it makes progress.
CHFJPY I Long target to 170.36 after recent BOJ InterventionWelcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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