Chf-jpy
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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CHFJPYgiving Bearish Evidances According Price Action
Over All Moving In Ascending Broadening Wedge In Daily Tf
Recently Brokes Ascending Channel Too
Now Forming Symatricsal Triangle + Printed Massive Bearish Divergence Too
Lets Summyrize thses Evidances
chfjpy was in strong uptrend since very longtime
right now price actiom showing sighns of trend reversal
the only thing we needs is breakout of symtcl triangle to the downside then you can sell for minimum 800 pips( lower trendline test)
CHFJPY Undecided around the 1D MA50.The CHFJPY pair has been trading on one of the most consistent patterns of the last 12 months as we accurately outlined on our last analysis in mid September:
Once again the signal played out as it pulled-back as low as the 0.5 Fibonacci retracement level and then the price has been trading sideways ever since. The 1D RSI has again formed Lower Highs but this time the MACD on the 1W time-frame is on a confirmed Bearish Cross.
As a result, we are only willing to approach this with break-outs. A 1D closing below the 1D MA100 (green trend-line), would be a sell break-out signal targeting the 1D MA200 (orange trend-line), while one above the 1D RSI Lower Highs and the price's 150.700 Resistance, would be a buy break-out signal targeting the 2022 Higher Highs trend-line.
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CHFJPY SELL IDEAHello Traders!!!
We have seen CHFJPY in a bullish scenario for some weeks now and recently we have spotted a clear CHOCH on the higher timeframes so we have then selected our supply zone having a sell based bias.
Price has entered the zone and it's most likely to melt to the downside.
Cheers!!!
Under Cover Trading
Swing Trading Simplified!!!!!
💡Don't miss the great sell opportunity in CHFJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (147.220).
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 a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 28.
Take Profits:
TP1= @ 146.431
TP2= @ 145.893
TP3= @ 145.210
TP4= @ 144.310
TP5= @ 143.516
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 the suggested resistance line (147.220).
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 a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 28.
Take Profits:
TP1= @ 146.431
TP2= @ 145.893
TP3= @ 145.210
TP4= @ 144.310
TP5= @ 143.516
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 / Crypto 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 ❤️