JPYCHF trade ideas
CHFJPY Sell-off to be extended.The CHFJPY pair has been trading within a Channel Down pattern since the July 11 High and has currently already started the new Bearish Leg, having failed to break above the 1D MA50 (blue trend-line). Until it does, the trend will remain bearish.
This Leg targets the 1W MA100 (red trend-line) and our Target is 161.500. We will swift to buying again after the CCI prints two straight Higher Lows, similar to August 05 and April 02, but we will update when the time comes.
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I have done the Heavy-lifting for YOU! CHF-JPY: H&S's Sell
Hi guys,
I have done all the heavy-lifting & planning for you on this one.
It may be as simple as hitting the 'sell-button'.
It's a Daily-chart pattern which will hold more weight,
Price has almost retraced to the neck-line,
Hop to it, take a look,
Thanks for reading.
CHFJPY Is Bullish! Long!
Here is our detailed technical review for CHFJPY.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 169.713.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 170.855 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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CHF/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
Previous week’s red candle means that for us the CHF/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 170.058.
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CHFJPY- Bullish DivergenceThis is moving wildly up and down without giving any idea of its direction where it is heading. On 4H TF i believe it is consolidation phase after brearking away from its downward trend.
Trade plan:
Two confluence are present once bullish divergence on RSI and consolidation box bottom can be the reason that pair might move upward.
Entry can be taken once the last LH is broken.
CHFJPYCHFJPY price is near the strong support zone 169.355-168.854. If the price cannot break through 168.854, it is expected that in the short term, there is a chance that the price will rebound. Consider buying in the red zone.
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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CHFJPY Potential DownsidesHey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 170.800 zone, CHFJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 170.800 support and resistance area.
Trade safe, Joe.
CHF/JPY For Bullish after finishing its correction waveyou can go long now
- Market Structure Broken at Red Arrow then its Reversal Signal For Change Trend From Down To Up
- we have Up Trend at Green Arrow and Blue Trend @ H4
- this Signals say its time to change the trend from down to up
- if price break current resistance at Orange Arrow its Big Signal For Up Trend Begin
have fun :)