JPYCHF trade ideas
CHFJPYCHFJPY has reached has reached our point of interest and the market is heading down to take out the low's
CHFJPY BULLISHAccording to my wave theory,market has created leading diagonal and it can go up more before correction.Because the 1 wave < 3rd wave < 5th wave. Now the fifth wave of the leading diagonal is forming . If Correction happens now, we will wait for the ending of correction and go for buy again . we will not sell this pair. Check the COT report. CHF is in the good position compared to JPY. Money keeps flowing in the CHF currency.
CHFJPY BullishWe are expecting one More move down before going up.Besides The Retailers are short on the CHFJPY so we will buy this pair after one move down.Currently this pair is making expanding flat. Besides JPY is weak currency now.
CHFJPYCHFJPY price is in the correction range. The price is now near the resistance zone. 168.665-169.960 If the price cannot break through the 169.960 level, it is expected that there is a chance that the price will reverse down. Consider selling from a correction below the level of 169.479 with targets of 162.39 and 159.14
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CHFJPY Should FlyThe Swiss Franc Has always been a safe haven for traders, now is the time to catch the bull run. We have a MACD Confirmation on the daily timeframe and we are currently at a golden fib zone entry point.
FX:CHFJPY
CHFJPY Outlook CHFJPY Outlook
here in this chart i share couple of scenarios for the CHFJPY pair. based on the price action for the next couple of days, i will decide what to do.
in general, the smart trade here is obviously to move with the overall trend (which is to the upside)
i personally wont get into this trade as far as price didnt take out the high of 2023 (IF ANY)
CHFJPY - ShortSo in addition to the post just released on the lower time frame, this is my idea for a longer trade. I will obviously be using smaller lots in line with my risk strategy. As mentioned in my last post the entry and SL for both trades will be the same.
CHFJPY - ShortSo JPY looks to be gaining some strength over the end of 2023 and this looks to be continuing over the start of 2024.
I will be placing 2 trades on this pair at the shown level. One as shown on this chart and another on the higher time frame which I will also post separately. With this trade you can see we have broken the trend line and are now re-tracing. I will place both positions at this 0.618 level with the same SL but with different TP.
CHFJPY: long at demand zoneI'll enter the trade at the edge of the demand zone if the price hits this area. that will happen by setting up a pending order...
CHFJPY Short 1h-Strong volume bearish candle absorption.
-Return to the negotiation zone.
-Pullback to the upper edge of the zone with bearish indications.
Take profit on the bottom edge.
Stop loss above the upper edge.
2.31 r/r
CHF/ JPY analysis The rising trend line and resistance level have been broken, and we will wait for a candle to close below the level to confirm the sale
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Let's first talk about CHFJPY then we will talk about how you can improve and learn some tips.
CHFJPY in last six or seven months price overbought heavily due to JPY poor performance and government's zero intention to interfere in the market. However, many reports suggests that JPY will likely to be rebound in first quarter of 2024 in this case we can see a strong shift in price characteristics. Our first entry indicates, that we should expect price to continue the bearish momentum and drop from current area of the price. However, as we will having NFP in the first week of the month, it is likely to see some unexpected movement in the market. Second entry, is when price fill the gaps in the market and then drop smoothly, we will keep you updated.
We want all of you to succeed in the forex or commodities trading.
Here how you can improve:
Firstly find one or two pairs that suits you: meaning if you focus on every single instruments available to trade in the market, you will never succeed instead focus on one or two pairs and master them, know how and when these pairs move, what factors influence them in the market and trade swing highs and lows.
Secondly, use longer time frames to have a better vision, have a longer vision which will help you catch the big moves, yes, it is time consuming but if you are beginner then focus first in this and then along the way you will learn intraday trading.
Lastly, learn more about consolidation, accumulation and distribution: before the big reversal, price first will consolidate then accumulate and distribute, you should be looking to enter in phase of accumulation and take every enter when price consolidate which leads to a breakout.
If you learn above information in details and practice, your chances of becoming a successful trade increase. There is no overnight success, it is all hard work, if you believe in your self and focus on above things you will one day be proud of yourself.
Happy New Year and Trade Safe 2024.
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CHFJPY Short Idea Intra-day trading 4H entry TFHappy New Year Guys! Its your girl Forex Potatoe we smash the charts and here we are in 2024 ready to smash it again!.
CHF JPY has been in a prolonged uptrend and showing weakness as buyers are beginning to loose steam and momentum slowing down from buyers side. Price broke weekly and daily lows and currently bias changed to Sell on 3 TimeFrames.
What i hope to see before entering this trade is the trendline broken (which has broken a bit), i also need to see the support broken and the last low taken out before i'd be interested in taking a sell. I Predict CHFJPY sells to the TP point on the last Low.
Kindly follow me as i would be breaking down my analysis from time to time and posting videos as well mostly for beginners and intermediate traders that need to understand market structure, and how to execute trades. My goal is to simplify the charts and smash it so you can be a better traders
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CHFJPY CHFJPY has reached our point of interest and its selling as you can see our first entry in profits now we are waitng for the retest which is where we will place our second entries
