CHFJPY: Pullback From Key Level
CHFJPY dropped to strong horizontal structure support.
Because the pair is relatively oversold, I expect a pullback.
Targets:
116.9
117.23
Chf-jpy
CHF - JPYIts a simple analysis but its a big opportunity that it will go up becuase of the strong support line.
-- dont take it as financial advice im still learning and i can't predict the future no one can!! --
please let me know what you think will happen!
EUR/AUD : Price Action Bearish channel, Price Keeps Falling ! 🔔Welcome back Traders, Investors, and Community!
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CHFJPY BuyAnalysis on daily time frame, CHFJPY has tested trendline, three bounces on the support.
I am finding better entry on hourly timeframe.
PS: Do not risk what you cannot afford to lose.
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (117.59).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 26.
Take Profits:
TP1= @ 116.60
TP2= @ 116.25
TP3= @ 115.71
TP4= @ 114.90
TP5= @ 113.75
SL: Break Above R2
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💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (117.59).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CHFJPY is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 26.
Take Profits:
TP1= @ 116.60
TP2= @ 116.25
TP3= @ 115.71
TP4= @ 114.90
TP5= @ 113.75
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CHFJPY: Trading Bullish Accumulation
CHFJPY is currently trading within an ascending triangle formation.
118.0 level is its horizontal resistance.
To catch a bullish move, wait for an hourly breakout of the underlined level.
Then buy aggressively or on a retest.
Goals will be:
118.25
118.45
In case of a bearish violation of triangle's low, the setup will be invalid.
CHFJPY Aanalysis Price has broken through Weekly high
A reversal to breaker block should set price straight to take new high
CHFJPY at the 0.5 Fibonacci 🦐CHFJPY on the 4h chart after the strong impulse retraced until the 0.5 fib level.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
CHF/JPY, ready to fly to Saturn?🚀The pair has come back to re-test the area of resistance it has already broken. We are opening some LONG positions and aiming for the First Target as illustrated on the chart🙌🏻
CHF JPY SELL (SWISS FRANC - JAPANESE YEN)Hi there. Price is forming a reversal pattern to change its direction.
Watch strong price action at the current levels for sell.
CHFJPY looking for highs 🦐CHFJPY on the daily chart is moving inside a range between 2 main structures, below a stronger weekly resistance.
The market after the last impulse attempts to break above and retraced until the 0.5 Fibonacci level.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
CHFJPY waiting for a range break 🦐CHFJPY on the daily chart is moving inside a range between 2 main structures, below a stringer weekly resistance.
The market after the last impulse attempts to break above and retraced until the 0.786 Fibonacci level.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
CHF/JPY up or down?🧙🏻♂️The pair has been ranging in a rectangular box since the beginning of December, 2020. If the price manages to break the upper boundary of the range, we will be looking to open LONG positions. Otherwise, if the price retraces the zone of resistance, we will be selling the pair till the lower boundary of the range🙌🏻
CHF/JPY Down to SupportThis has retraced to 0.5 Fibonacci, looking for this to now continue downwards to the support level. Need to wait for confirmation of this first as MACD and EMA's are on the bullish side, need to see MACD start dropping and EMA's to cross back over. TP is just below 0.382 Fib at 116.234.
CHFJPY a bounce at the 0.618? 🦐CHFJPY on the 4h chart after the rejection by the weekly resistance retraced until the 0.618 level over a support.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order.
–––––
Follow the Shrimp
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Trading Signal For CHFJPYTrading Signal:
A Trading Signal is seen in the CHFJPY Currency Pair.
Traders can open their Sell Trades NOW
If you liked our ideas, please support us with your likes 👍 and comments.
CHF/JPY to RetraceDue to the chaos caused in the markets this week by the Reddit group/Gamestop stock buying there have been big unexpected moves that have ruined some ideas on here. This is one of the lesser affected currency pairings as they are both safe haven currencies, but CHF is more so than JPY, that is why it moved in the direction it did.
From here we can expect this to retrace down to support to at least the 0.382 Fibonacci level which aligns with the previous resistance level. This could climb a bit higher before turning back, I have marked out the previous peak with the blue line, this is where this could reach before turning back but I expect it to turn back before this level. Wait for the confirmation of a pullback before entering the trade, use MACD and EMA's and 1HR timeframe to see a sign of a retrace before shorting.
CHFJPY bounce at the 0.618 🦐CHFJPY after the double bottom on the daily resistance created a bullish impulse.
The price from there retraced exactly at the 0.618 level over minor support.
According to Plancton's strategy, if the market will break above, we can set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
CHF/JPY amazing sell opportunity🧙🏻♂️The pair is currently ranging between two key zones. Without wasting time, we are opening SELL positions for this one and aiming for the lower boundary of the range🙌🏻
CHFJPY: Bullish Continuation is Highly Probable
Hey traders,
Here is our forecast on CHFJPY.
The level where the price is trading right now is peculiar
and the price will most likely bounce from that.
Like & Comment Our Analysis, Please!
