CHFJPY DAILY TECHNICAL ANALYSIS ๐ต๐ฝโโ๏ธ
๐ง Strategy Spotlight: CHFJPY's Uptrend Has One Last Launchpad
OVERALL TREND
๐ UPTREND โ Bullish structure with consistent higher highs and higher lows forming since March 2025.
๐RESISTANCE
๐ENTRIES & TARGETS
๐SUPPORT
๐คSTRUCTURAL NOTES
TRADE OUTLOOK ๐
๐งชSTRATEGY RECOMMENDATION
CONSERVATIVE APPROACH (Trend-Following):
โ Buy Entry: 170.17
โ TP Levels: 172.68 / 174.42 / 177.11
โ SL: Below 167.06
HIGH-RISK REVERSAL SCALP:
โ Sell Order @ 175.52 or 177.11
โ TP: 172.68 / 170.17
โ SL: Above 177.86
โDiscipline | Consistency | PAY-tienceโ
๐ง Strategy Spotlight: CHFJPY's Uptrend Has One Last Launchpad
OVERALL TREND
๐ UPTREND โ Bullish structure with consistent higher highs and higher lows forming since March 2025.
๐RESISTANCE
- ๐ด 180.070 โ SELL STOPLOSS | PIVOT HIGH
- ๐ด 179.705 โ RESISTANCE (MAJOR)
- ๐ด 179.339 โ 177.862 โ SELL ORDER RANGE
- ๐ด 177.014 โ RESISTANCE (PROXIMAL)
- ๐ด 175.526 โ RESISTANCE (MINOR)
๐ENTRIES & TARGETS
- ๐ฏ 177.115 โ BUY ORDER & TP4
- ๐ฏ 174.428 โ BUY ORDER & TP3
- ๐ฏ 172.684 โ BUY ORDER & TP2
- ๐ฏ 170.173 โ BUY ORDER & TP1
๐SUPPORT
- ๐ก 167.606 โ SUPPORT (PROXIMAL)
- ๐ก 167.505 โ 166.0375 โ BUY ORDER RANGE
- ๐ก 165.858 โ SUPPORT (MAJOR)
- ๐ก 165.299 โ BUY STOPLOSS | PIVOT LOW
๐คSTRUCTURAL NOTES
- Recent candle wicked above 175.52600 (minor resistance) but failed to close strong โ indicating hesitation or seller defense
- High confluence at the 177.11โ177.86 zone with both pivot highs and active sell orders
- Uptrend structure still intact unless price breaks below 170.17392 with volume and closes under 167.06957
- Volume and momentum required to reclaim 177.86 and push toward major resistance at 180.07
TRADE OUTLOOK ๐
- ๐ Active Long Bias above 170.17 (TP1) with bullish targets toward TP4 @ 177.11
- ๐ Bearish setup only activates if price fails to reclaim 175.52 and decisively breaks below 170.17
- ๐ Watch for reaction at 175.52 (Minor Resistance) โ potential rejection could trigger short-term pullback to TP2 @ 172.68
๐งชSTRATEGY RECOMMENDATION
CONSERVATIVE APPROACH (Trend-Following):
โ Buy Entry: 170.17
โ TP Levels: 172.68 / 174.42 / 177.11
โ SL: Below 167.06
HIGH-RISK REVERSAL SCALP:
โ Sell Order @ 175.52 or 177.11
โ TP: 172.68 / 170.17
โ SL: Above 177.86
โDiscipline | Consistency | PAY-tienceโ
Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.