Chf-jpy
Target of short-term at 142On 30m TF
OANDA:CHFJPY has reached 143.758 to complete an impulse wave and it is correcting to 138.65.
Right now, GLOBALPRIME:CHFJPY is happening a lower impulse wave or "dead cat bounce" then drop out.
140.3 which is an important point, caution it!
What next, wait and see
CHFJPY Testing the May's Higher LowsThe CHFJPY pair continues to be on a heavily bullish trend since the start of the year. The pull-back since the June 29 High, hit on Friday the Higher Lows trend-line (1) that started in May and is so far holding. As long as it does, the short-term trend is bullish towards the 2.5 Fibonacci extension and 146.000.
A break below the Higher Lows (1) should immediately aim the 1D MA50 (blue trend-line), which is the medium-term Support. Closing below that level, initiates a much needed correction to the 1D MA200 (orange trend-line), which is untouched since October 01 2021.
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CHFJPY BEAR RALLY SMASH TARGETHappy new month my fellow traders, hope you are all bagging profits... CHFJPY is the one to begin with this morning, Price is stuck in profit 170 pips and 30 pips away from target, i woke up to this and so was everyone in the channel.. hope you are making money while you sleep?
CHF strong pair! Upside comingCHF has been most strongest pair for days, wait till it reaches support( or i could say wait till it reach golden zone in fib ) then you can add your position. Cant see reversal yet
Trade with care !
Please share your comments with me , if im wrong please correct me why
CHFJPY - BIG TRADE SETUP 🔥The bullish leg of CHFJPY is coming to an end very soon.
Elliott Wave theory states that waves 1, 3 and 5 have 5 subwaves. We can see that we're in wave 5 now and we've only seen 4 subwaves so far. Anticipating subwave 5 higher before the completion of the over 5th wave.
Short Term Trade Idea: BUY
- Watch for the break of the red trendline
- Enter with stops below the recent lows
- Targets: 137.7 (350pips)., 140 (600pips)
Long Term Trade idea: SELL
Once we've completed the 5th subwave and concluded the overall 5th wave, watch for bearish price action. Once it appears, enter with stops above that recent high and hold your trade. Midterm target is 120 (2000pips)
Goodluck and as always, trade safe!
ChfJpy ready for short!Hello Traders, here is the full analysis for the pair ChfJpy , let me know in the comment section below if you have any questions.
The ellipse could represent a possible zone with good risk/reward to accumulate short position.
Please note that all the information and publications here are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
What you will find here, are only views of a Cat passionate about Finance.
CHFJPY One break-out and one pull-back buy level.The CHFJPY pair has done brilliantly since our last analysis, giving a perfect sell and then rebound at the bottom of the Channel Up:
Right now the price is approaching the top of the Channel so it is best that buy profit is taken. A break above the Higher Highs trend-line of the pattern at 138.500 would be a buy continuation signal. If rejected though, it is best to wait and buy again closer to the Higher Lows (bottom) trend-line of the Channel Up. In either case, our Target is the -0.5 Fibonacci extension, which is currently around 144.440. As this chart shows, the -0.5 Fib has been the Higher High target since 2021.
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CHFJPY 23rd MAY 2022During times of economic unrest, the Swiss franc is considered as a safe haven by the investors. Switzerland has a stable government, banking, and financial system. Switzerland economy has a low debt-to-GDP ratio and a current account surplus, and it has maintained a political neutrality. The Japanese yen is also considered as a safe haven when the market is dominated by a risk-off sentiment. Japan has a current account surplus, as it exports more than it imports. Japan owns more foreign assets that it owes, and it is struggling with low inflation.