JPYCHF trade ideas
CHF / JPY edging higher There is an upwards channel on the high timeframe for this pair, high chance of upwards movement from any of the three entry points on the chart. I will be scaling in a small amount on the higher risk entry, allowing for some expected drawdown and then adding more at the other entry points.
It's been a good start to the yearSo here's a freebie, hope you're all well and profitable.
Any questions about this forecast please send me a direct message.
The Elliott Wave labelling is straight forward but there is no such thing as a stupid question.
CHFJPY shortCHFJPY
-@monthly highs
_new weekly high(once we get closure above 170,534)
_As seen in previous Bearish Legs (HH) when a new HH is formed a consolidation period begins before any bearish movement to the downside
#BYKCAPITAL
#LETSEAT
CHFJPYDealing with the downward trend line and taking the power of sellers who have the ability to bring the price to the specified target
DEFINATELY A BUY TODAYLondon session started by grabbing some sellside but not all of it which results in a lot of liquidity at buyside, its intention is to grab sellside properly then itll transition its intention to getting the buyside it manufactured.
CHFJPYCHFJPY has currently reached our point of interest which was created after clearing the external range liquidity now we will be targeting 165.000 SL: 171.375
CHFJPY - Broke out Ascending TriangleCHFJPY has broken out of the ascending triangle it has been forming for about 8-9 weeks.
Momentum is purely on CHF side, even though 10 year yield spreads are moving lower between Suisse and Japan.
It's hard to say whether Japan will ultimately get off the negative interest rate environment.
Spring wage negotiations have become so will have to wait.
Technically this is very bullish. Fundamentally I have an even bias.
Suisse inflations came out in line and its more the rental market focus on their end now.
The economy is doing ok. European recession fears and rate cuts would favour Suisse flows.
Geopolitics with oil tanker attack should favour more Suisse upside as risk off sentiment prevails.
Stops at 169.6
Target at 177-178 (will update).
Short in CHFJPYI have entered a short position on CHFJPY after the price bounced off a key resistance zone.
After conducting a thorough analysis of the CHFJPY chart, I have identified a compelling opportunity to enter a short position. The price action recently experienced a bounce at a significant resistance zone, characterized by a concentration of sell orders. This area represents a strong level of selling pressure where sellers have previously been active, indicating a higher probability of a downward reversal.
Furthermore, the confluence of other technical indicators adds to the strength of this trade setup. The resistance zone coincides with a key Fibonacci retracement level, enhancing its significance and reinforcing the potential for a bearish move. Additionally, the Stochastic oscillator is showing overbought conditions, further supporting the notion of a near-term reversal.
Considering these factors, I have executed a short position on CHFJPY, aiming to capitalize on the expected downward movement. I will closely monitor the price action for any signs of confirmation, such as bearish candlestick patterns or a breach of key support levels. Proper risk management techniques will be employed to protect my capital and ensure optimal trade execution.
As a professional trader, it is imperative to remain disciplined and adhere to my trading plan. I will continuously evaluate market conditions and adjust my strategy accordingly, always prioritizing risk management and aiming for consistent profitability.
CHFJPY H1 | Potential bullish bounceCHF/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 170.195
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 169.906
Why we like it:
There is a pullback support that lies underneath the 38.2% Fibonacci retracement level
Take Profit: 170.568
Why we like it:
There is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level
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Cup and HandleLong or Buy opportunity
Cup and Handle Pattern
Look to ride the wave up
Continue to push the uptrend
CHFJPYCould this be a consolidation area.
Waiting on this upside movement but massive sell pressure so unsure whats the haps.
CHFJPY - BEARISH SCENARIO📉Hello Traders !
On The Daily Time Frame, The CHFJPY Price Formed a Rectangle Pattern.
So, Let's Expect The Bearish Scenario📉
If The Market Breaks The Support Level and Closes Below That,
We Will See a Bearish Move...
TARGET: 167.450🎯
CHFJPY - 4hrs ( Sell Trade Target Range 300 PIP )💵Pair Name CHF/JPY
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short ) Mid Term
Type : Mid Term Swing
——————————
Bearish Break
169.700 Zone
Reasons
- Major Turn level / M
- Pattern BReak Out
- inner Choch
- Fibo Golden
- Year + Quarters High Area
Bullish Reversal
156.600 Area
Reasons
- Major Turn level / D
- FIxed Range Poc
- Pattern Target
- Month Low Area
- Key level Zone
CHFJPY H4 | Bearish breakoutCHFJPY is trading at the sell entry, price could break out and fall to take profit level.
Sell entry is at 169.819 which is pullback support level.
Stop loss is at 171.397 which is a pullback resistance.
Take profit is at 167.311 which an overlap support that aligns closely with the 61.8% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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Lingrid | CHFJPY buy from SUPPORT levelThe price perfectly fulfilled my last idea. It went up and hit the target level. The price is overall in the range zone on the 4H timeframe, and it is testing the main support level. The market bounced off the key support level at 170.000. I think the price may rise from the support by grabbing liquidity below the key level. I look for the price to pull back and the buy confirmation signal. My goal is resistance at 170.650.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
✅CHF_JPY POTENTIAL LONG🚀
✅CHF_JPY will soon hit
A horizontal support
Of 169.735 and after that
We will see a move up
LONG🚀
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CHFJPY_BUYING OPPORTUNITYTECHNICAL OUTLOOK AT 15M
1. Trend Reversal Expected
2. Bullish Divergence
TRADE PLAN:
I would recommend to go for BUY STOP at the break of previous LH.
CHFJPYRolling over
Jappy Strong
Swissy also often strong
Short side has more pips to travel
Usually after bobbing around up the top here for so long they eventually roll over.
Stop Loss way above OMG the amount of times that gets hit drives me insane.
1/1 RR
Short CHFJPY...After consolidation at top, CHFJPY is firm a reversal curve at top and can drop.
Trade safe.
Good luck.
CHFJPY: Expecting Bullish Continuation! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy CHFJPY.
❤️ Please, support our work with like & comment! ❤️
✅CHF_JPY TIME TO SELL|SHORT🔥
✅CHF_JPY has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of 171.700
Price decline is to be expected
SHORT🔥
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