Bearish Cypher FormationThere was a return from Fib .78 and the formation was activated. The targets are shown in the graph.
This is a bear formation.
JPYCHF trade ideas
CHFJPY Wave Analysis 8 November 2024
- CHFJPY broke daily up channel
- Likely to fall to support level 174.00
CHFJPY currency pair under bearish pressure after the earlier breakout of the support trendline of the sharp daily up channel from the end of September.
The breakout of this up channel accelerated the active minor corrective wave 2, which started earlier from the key resistance 177.00, which has been reversing the pair from July.
Given the strongly bullish Yen sentiment seen across the currency markets today, CHFJPY currency pair can be expected to fall to the next support level 174.00 (target price for the completion of the active wave 2).
CHFJPYWe can attempt to short CHFJPY from specified level as it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
CHFJPY: Counter-Trend BreakoutUptrend formed mid-September 2024 and we're currently seeing this trendline faltering. Assuming that it does not hold up, I have the following parameters forecasted.
ADR: 115
SL: 100
TP: 240
CHFJPY Expected Growth! BUY!
My dear subscribers,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 175.64 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 175.99
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
CHF/JPY - Bearish ForecastCHF/JPY seems to have broken a bullish trend line, it has since retested and may go down to meet a 250 pip range.
CHFJPY H4 ProjectionThe price moved in the range after giving strong bullish momentum. Now, it is moving above the support zone. Wait until the price breaks the support and closes below. Initiate short positions partially by finding a bearish price action structure near the support zone.
CHF/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the CHF/JPY with the target of 175.208 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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CHFJPY Will Go Higher! Buy!
Take a look at our analysis for CHFJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 175.805.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 176.531 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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4-11 PrpbelegCHFJPY 4-11: the macd starts a downtrend. That means that the big channel of 179 and 166 shows lower tops. Still it is not a convincing sell. That is why we placed a sell at 175.463.
CHF_JPY WILL GROW|LONG|
✅CHF_JPY is trading in an uptrend
With the pair set to retest
The rising support line
From where I think the growth will continue
LONG🚀
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Sell breakthroughThe pair was in a consolidation phase and seems to have broken through to the downside. Price action may find support on the immediate barrier. Breaking through 175.094 and continuing might see selling pressure subsiding in the next barrier.
CHFJPY, Bullish Trendtrend Reversal From Strong Trendline
Bullish Divergence
Inverted head and Shoulder formation
Bullish Trend Started
New Highs Formation
Buy @ CMP
CHF/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the CHF/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 172.694.
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Sell CHF/JPY Wedge BreakoutThe CHF/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 176.60, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 175.90
2nd Support – 175.30
Stop-Loss: To manage risk, place a stop-loss order above 177.30 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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Best Regards, KABHI FOREX TRADING
Thank you.
CHF/JPY: Bullish Momentum Builds Amid Market SentimentContrarian Signal Boosts CHF
With 82% of traders positioned short on CHF/JPY, a strong bullish contrarian signal has emerged, pushing the pair upward as short-covering fuels gains. Technical support around 175.00 has held firm, reinforcing the bullish trend. Favorable Swiss economic stability vs. Japan's dovish policy further supports CHF’s strength in the near term.
Potential Buys On CadJPyBreak and RETEST, it been playing around the resistance level until it finally found footing retested it. What's your thoughts ?
CHFJPY- technically SPEAKINGMay the odds forever be in our favour, anyway thinking in probability means understanding that today the outcome is random but overtime the outcomes become predictable
chfjpy is bullishThe CHF/JPY cross pair consists of the Swiss franc and the Japanese yen. Both currencies are used as safe-haven and funding currencies because of their unique characteristics and low interest rates.
Factors affecting the CHF/JPY rate include general economic indicators, such as information on employment, inflation data, retail sales, industrial production, trade balance and the release of GDP data, as well as the central bank decisions regarding the interest rates in both countries. Political events, natural disasters and various government policies can impact the CHF/JPY exchange rate significantly.
CHFJPY | 28.10.2024SELL 175.750 | STOP 176.950 | TAKE - 1 - 174.640, TAKE - 2 - 173.800 | Correction.
CHFJPY - NEW BREAKOUTHello Traders !
On the daily time frame, The CHFJPY broke the resistance level (174.000 - 175.170).
This key level becomes a new support level !
So, I expect a bullish move📈
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TARGET: 177.020🎯
