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Chf-jpy

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. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
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!
by WicktatorFX
19
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.
Short
by TheForexMethod
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. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
1
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.
by DNP-FX
CHFJPY VIP SHORTCHFJPY Why are we entering? - Expecting JPY strength and CHF weakness - Expecting price to reject our trendline & structure level What are we waiting for to happen? - Rejection from trendline & structure level - Break of Possible RISK trendline & DAILY EMA Entry SAFE Entry: Rejection of trendline & structure level & break of possible RISK trendline Risk Entry 1: Rejection of trendline & structure level Risk Entry 2: Early break of possible RISK trendline Once entered, where will our Stoploss be? - Above the trendline (above 133.75 ) 30 pips Where do we take profits? - Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips) - First TP: 130.85 (260pips) - Second TP: 126.85 (660pips)
Short
by Pips-Collector
💡Don't miss the great buy opportunity in CHFJPYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (133.01). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CHFJPY is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 77. Take Profits: TP1= @ 134.93 TP2= @ 136.25 TP3= @ 138.07 TP4= @ 139.56 TP5= @ 141.65 SL= Break below S2 ❤️ 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 ❤️
Long
by ForecastCity
5
💡Don't miss the great buy opportunity in CHFJPYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (133.01). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CHFJPY is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 77. Take Profits: TP1= @ 134.93 TP2= @ 136.25 TP3= @ 138.07 TP4= @ 139.56 TP5= @ 141.65 SL= Break below S2 ❤️ 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 ❤️
Long
by ForecastCity_World
6