CHFJPYCurrently on chfjpy price has taken out the buyside liquidity and the external range liquidity and left a fair value gap on the 3hr timeframe, we are now expecting for a retest to the fvg before distributing to the downside.
JPYCHF trade ideas
CHFJPYCurrently on chfjpy price has taken out the buyside liquidity and the external range liquidity and left a fair value gap on the 3hr timeframe, we are now expecting for a retest to the fvg before distributing to the downside.
Nearly about 2000 PIPS going to play outCHFJPY had quite of bullish journey and breakoit in 50 years
Feeling bearish but 2000 pips seem to be ready to play out. 0.50 lots or higher youll hit couple hundreds dollars profits maybe more
CHFJPY - Perfect Wycoff
After the Explosive move
We have all the Elliments of the Wycoff Pattern
Happens time after time
Inconjunction with fundamental Strength of a Currency especially is a very reliable pattern/Syetem.
For whatever reason CHF is flavour of the day for the last 2 - 3 weeks especially.
Plus it is fundamentally strong compared to the Jappy
last 4 weeks scores
7,8,6,6
Looks like fundamentals are dropping a bit but still way in the green 10 being the top score.
The Volume Profile to the left is a screenshot of the 5 minute time frame and clearly shows a lack of orders in the top section of the Explosive Bearish Candle after the SNB Interest Rate decision which dropped from 1.5% to 1.25%
This is the safest area to get involved with often dropping or moving up very fast due to the lack of resistance of conflicting orders.
Anyway lets see : )
CHF/JPY SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
We are now examining the CHF/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 176.199 level.
✅LIKE AND COMMENT MY IDEAS✅
CHF/JPY for pull-back as correction wavego short now and take any target
- go short with low trade size because you walk against general trend (up Trend)
- out when price create higher low at red arrow or between fibo levels (50:61)
have fun :)
CHFJPY JUNE 2024 WEEK 4 OUTLOOK -
Daily - @mar10janicafx . @ryantopp will attest, this move on CHFJPY moves awfully like the one we saw in 2021. whenever this like to go, CHFJPY moves clean. still looks good to buy on small pulls (if any). move is supported by good volume and so I won't shy away from taking stabs at it.
Origin - as long as it stays above **178.632** it looks good to run north. any open position needs to be cut short as price comes near previous ATH. also, never take first stab at longs when price tags a fresh ATH for the first time. second tag is good to take a stab at.
CHFJPY JUNE 2024 WEEK 4 OUTLOOK -
Daily - @mar10janicafx . @ryantopp will attest, this move on CHFJPY moves awfully like the one we saw in 2021. whenever this like to go, CHFJPY moves clean. still looks good to buy on small pulls (if any). move is supported by good volume and so I won't shy away from taking stabs at it.
Origin - as long as it stays above **178.632** it looks good to run north. any open position needs to be cut short as price comes near previous ATH. also, never take first stab at longs when price tags a fresh ATH for the first time. second tag is good to take a stab at.
CHFJPY - Short -6 Months and 2000 Pips! With trend maybe More!After big movment and breakout of 50 years histotry pullback will start soon. Let's See....
Target 158.45
Don't forget money management!
CHFJPYUpdated chart
Note: This is my own analysis and reading please do your own research before execute any trade
CHFJPY: Time to Sell?!📉CHFJPY is currently testing a previously broken horizontal support level, which is now likely acting as resistance following the breakout.
To confirm the bearish trend, I have observed a horizontal range on the hourly chart and a bearish breach of its support level.
I anticipate that the price will soon decline to the range of 117.87 - 177.60.
CHFJPY-ShortCHFJPY was making HH and HL. Now, bearish divergence on RSI appeared on 1 hr time frame. it marked recent LL and retraced upto 38% of fib level. in case, bears gets strength, the instrument may continue bearish momentum .
CHFJPY Bear flag, continuation to downsideCHFJPY fall today after the news, and started to consolidate and forming a bear flag, broke down from bear flag, waiting for a second leg
CHFJPY - SHORTThere is a big chance that after SNB announce rate cut today, we may see a drop in CHFJPY
I have two levels of targets as indicated on the chart.
Always follow your trading plan and take proper risk management.
CHFJPYCHFJPY has just went down due to the negetive results of the SNB Policy Rate, we saw that price respected the fair value gap below 2 imes and we are also below the true day open this might be the low of the day because price might drive straight above the true day open
CHFJPY - BUY - It's Not Gona Stop + 80 pips
Today, June 20, 2024, the Swiss National Bank (SNB) announced a reduction in its policy interest rate from 1.50% to 1.25%. This decision reflects concerns about slowing economic growth and inflation pressures. The rate cut is intended to stimulate economic activity by making borrowing cheaper, which can boost spending and investment.
Key points regarding the SNB's rate cut:
Economic Growth Concerns: The SNB's decision to lower rates indicates ongoing concerns about the Swiss economy's growth prospects. Lower interest rates are designed to encourage borrowing and investment, which can help boost economic activity.
Inflation Management: The rate cut also aims to address inflation dynamics. By reducing interest rates, the SNB hopes to counteract deflationary pressures and ensure inflation remains within the target range.
Currency Impact: The rate cut is likely to weaken the Swiss franc, making Swiss exports more competitive. A weaker currency can help boost the export sector, which is a significant part of the Swiss economy.
Global Context: This move aligns with actions taken by other central banks facing similar economic challenges. Lowering rates is a common monetary policy tool used to stimulate growth and manage inflation.
Return to previous Level 90% S/R
Long Tern Daily Monthgly since 2020 - UP
For more details, you can check the SNB's official announcement and Investing.com analysis.
SWISS ABOUT TO REVERSE? CHFJPYTomorrow morning there are important news regarding Swiss interest rates. I was looking for a good setup on a CHF pair, and CHFJPY looks good for a short. I think we could see a bullish spike to liquidate shorts, then it can reverse and drop touching the main support zone at 177.00
How Forex Pairs Correlate With Each Other And How To Trade ItForex pairs correlate with each other if they are closely linked.
They also correlate with economic climates and commodities.
Understanding this allows you to reduce exposure in one direction in your portfolio and diversify for safety.
Here's how.
CHFJPYCHFJPY If the price cannot break through the level of 178.880, it is expected that in the short term the price has a chance to go down. Consider selling in the red zone.
CHFJPY I Yen remains weak however expect a potential pullback Welcome 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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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
chfjpy currently on chfjpy price has just took out the previous daily high and came back inside the range, now we are waiting for the distribution to the downside to take out the previous daily low
CHF JPY due for a pullback?Hi guys,
The CHF JPY has again made a strong move to the upside, as it has been doing for the best part of two years now. Price is heading towards an area where we may get the chance to find some LTF sell setups.
The dashed black line above the chart represents the 1.27 retrace of the latest swing low to high daily and previous swing low to high daaily... i.e the last two correction lo to hi retracements of 1.27 and 2.0 respectively, which both are pretty much at the same price level.
There is also a harmonic butterfly bearish pattern that will be complete at 1.27 retrace point, coinciding with the fib price levels.
The CHF JPY is also showing big divergence on RSI heading into this area and is pretty well extended from all its key MA's ( The MA's on the chart are the 20 50 and 200 daily MA's.)
Waiting for a trendline break or double top, engulfing candle etc on LTF or a lower low on RSi and retest of downward trendline could present with nice risk to reward trade from this level.
Safe trading all.
