Chf-jpy
CHFJPY Potential DownsidesHey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 144.100 zone. CHFJPY is approaching an important support and resistance zone of 144.2, once the rejection is confirmed i would set 141.500 zone of the trend as a target as it's considered the next major support zone CHFJPY will be facing.
Trade safe, Joe.
CHFJPY SELL SETUPHet Traders,
Check this analysis out, there are two ways CHFJPY could plays it's sell off out.
Currently the par is making an inverse head and shoulder pattern which could ultimately result to the pair pushing back to retest the upper boundary of the current channel. Where a sell order will be awaiting it.
Or the price can make a quick trip to retest the supply level and then follow by a sharp rebound to the downside.
Still worthy of watching out.
CHFJPY on a critical Support from 2021The CHFJPY pair almost made contact 2 days ago on the September 20 2021 Higher Lows trend-line and is so far seen rebounding. So far today this is contained on the 1D MA200 (orange trend-line). As long as Support 1 (140.200) holds, we are buying targeting just below Resistance 1 at 147.500. If the Higher Lows trend-line breaks, we will close in loss and go short instead, targeting the 0.5 Fibonacci level at 134.500.
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CHFJPY: Strong before the Fed.The CHFJPY pair is showing much strength today one day before the Fed Interest Rate, turning the 1D time frame technically neutral (RSI = 47.879, MACD = 0.010, ADX = 25.777). The rebound recovered the 1D MA50 and this is enough to turn us bullish on the pair, targeting the LH Zone (TP = 146.900).
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CHFJPY Breakout and potential retraceHey Traders, CHFJPY was trading in an uptrend and then massively managed to break it out due to JPY strength. one of the reason of the Yen strength is the major changes in monetary policy that are expected from BoJ since it didn't changed the monetary policy from a long time since now. and considering that also JPY is considered a safe haven in this type of environment we still expect further strength.
Technically we have noticed a breakout of the uptrend so i will be monitoring a potential retrace of the trend around 145 support and resistance zone.
Feel free to ask any question in the comment section.
Trade safe, Joe.
Joe Gun2Head Trade - CHFJPY facing stiff resistance on dailyTrade Idea: Selling CHFJPY
Reasoning: At resistance on the daily. Possibly forming a top on the 60min.
Entry Level: 144.92
Take Profit Level: 142.52
Stop Loss: 145.23
Risk/Reward: 8.43:1
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Potential bullish breakout on CHF/JPYThe yen began to correct against its sustained weakness in September, when the MOF (Ministry of Finance) intervened in the currency markets to strengthen the yen. That helped CHF/JPY spent the next three or so months pull back from its highs and retrace against its bullish trend. However, the end of the correction may have been seen around 137, as momentum turned higher at a Fibonacci cluster which includes a long-term 38.2% retracement and 161.8% projection level.
Since then, prices have moved higher, built a level of support just above 140 and closed above the 200-day EMA. We also note that Friday’s low respected the 200-day EMA as support. So we’re now on guard for a potential bullish breakout above 143.60, which would also clear the 100-day EMA. A strong inflation report and further hawkish commentary from the SNB could help with such a scenario (as would confirmation of a dovish BOJ governor to replace Kuroda). A break below 140 invalidates the bullish bias.
Bullish run on CHF/JPY - Pressure from OBThe CHFJPY seem to be retesting the first supply zone since on 5th of Jan.
Making it the second time of a successful retest, i am anticipating for a simple rejection back to the trendline that could possibly launch the pair into the air. targeting 147.80
A buy setup - Check it out!
CHFJPY - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for CHFJPY .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
AUDJPY Sell short termHi All,
as you can see from the chart and price action, H&S forming, where we have the head forming. so we need to sell in- progress head formation and buy the right shoulder then sell again for the completion.
Well at least that's the plan.
Entry, SL and TP marked.
follow, share, comment and like
CHFJPY H4: Bearish outlook seen, further downside below 142.20On the H4 time frame, prices are showing bearish market structure with lower lows and lower highs being formed. A pullback to the resistance zone at 142.20, in line with the graphical resistance zone and Fibonacci confluence levels could present an opportunity to play the drop to the support zone at 137.50. Prices are holding below a descending channel as well and stochastic is facing bearish pressure from its resistance and an exit of the overbought region could signal more downside in prices.
CHFJPY Bearish long-term within a Channel Down.The CHFJPY pair finally hit our 1D MA200 (orange trend-line) sell target as suggested by the previous analysis two months ago (November 07):
By doing so, it has turned bearish long-term by forming a Channel Down pattern. There is an internal Lower Highs trend-line involved (dotted) and if broken (along with the 0.236 Fibonacci), we expect the price to test the 1D MA50 (blue trend-line) and seek direction on the 1D MA100 (green trend-line), which has been its long-term Support during the October 08 2021 - November 11 2022 uptrend. A rejection there maintains the downtrend and targets the bottom of the Channel Down and 1W MA50 (red trend-line).
A break above the Channel Down invalidates the pattern. A break below the Higher Lows trend-line (since the September 20 2021 Low) targets the lower Fibs long-term (0.5 through 0.786) in succession, which as you see formed strong pressure zones during the uptrend.
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