Chfjpy!
CHFJPY: Thoughts and Analysis Today's focus: CHFJPY
Pattern – Ending Diagional
Support – 167.50
Resistance – 169.40
Hi, and thanks for checking out today's update. Today, we are looking at CHFJPY on the daily chart.
Today's video asks if CHFJPY will continue to move lower after breaking out of an ending diagonal pattern. These patterns are seen as reversal patterns. We have broken down the trend structure and what we are looking for to see a confirmation of the pattern.
The Key for us will be move-through support. If Sellers fail at support, look for a new move back through resistance, which could cause a failed pattern trend continuation.
What do you think? Could this be a reversal?
Good trading.
CHFJPY SHORT ENTRYThe CHFJPY pair has validated a bearish breakout along the hourly trendline. Our analysis indicates an anticipated extension of the bearish trend, targeting the next support levels identified within the hourly timeframe.
CHFJPY R:R 1:5This is for short term
BOS in HTF Marked QM level.
Stop Hunt with CHOCH to the downtrend.
Marked Possible Sell zone
Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
CHF/JPY new high coming?!We've been waiting a lot for this signal! But now, we can reach new heights! We are above weekly and monthly levels! There was a sunny setback, and a nice clean bounce back! Let's go!
CHFJPY | COULD BE A GOOD BUYING OPPORTUNITYHey Traders! 👋
I believe we have a good chance to re-test previous area of resistance or the top of the current lower timeframe downtrend, if broken we will see this trade to re-test the previous monthly pivot point.
Both currencies are in a 52 week low against the dollar in the futures markets, I still think the CHF is the better safe haven so likely it will continue its upwards momentum for now. 📈✅
CHFJPY R:R 1:4This is for short term
Marked Possible Buy zone
Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
CHFJPY possible expansionAfter price broke structure with momentum, it began to retrace aggressively. This was to ensure that it takes out all internal structure liquidity that accumulated during the previous expansion. Since the pair has been moving bullishly, the strong low should hold and the high should be taken out as some of the uptrend properties. Price has now approached an extreme demand that lines up with our golden zone properties for extra confirmation. Since price has now nearly cleared up all internal liquidity, it could clear the rest and precede use this demand zone to expand further up to take out the latest weak high.
CHFJPY Analysis H1Here is my analysis for CHFJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Sell CHFJPY 8.7RR 90% Winrate Target 169.15Sell setup using the TradeATS strategy on CHFJPY with 8.7RR and Target 169.15. There is a 90% probability that this trade will reach target in the next 24 hours.
Sell @CHFJPY - Head and shoulders patternThis is the forex quote for the Swiss Franc - Japanese Yen cross pair. Both of these currencies are often viewed as safe-haven currencies and funding currencies due to their unique financial properties and low interest rates. CHF/JPY reached its lows during the 2008 financial crisis, when it hit ¥74.65. Since then, the pair has traded higher far beyond this level in light of aggressive monetary Japanese easing.
CHFJPYAnalysis of the Swiss franc against the Japanese yen is still witnessing a strong rise. We await the opportunity to buy successfully
CHFJPY LongThis trade is not valid to enter yet.
Entry:
We have a potential sell position setup on CHFJPY, if we start seeing bullish momentum off level 167.257, we will look to make the entry. However, if we see heavy bearish pressure and it breaks below 166.710 the whole setup will become invalid.
Exit:
If we manage to get a long position in, we will look to make a 50% exit at 168.493, and the remaining 50% at 169.688.
📍 CHFJPY - strong opportunity to reach new highsHi everyone! 👋🏼
Despite the recent significant shift in sentiment, this trade continues to exhibit robust bullish momentum, clearly reflected in its overall trend. Furthermore, the price has convincingly breached the daily pivot point of 167.815, resulting in a pronounced long lower shadow. This occurrence signals an uptick in buying pressure, which has crossed all the relevant moving averages. The prospect of a break beyond the 168.000 mark, coupled with the weekly pivot point at 168.689, would further intensify the upward pressure. Notably, hedge funds are actively buying CHF while selling JPY, adding another layer of potential upside to this trade.
CHFJPY | COULD THIS BE A GOOD BUY? Hey Traders!
The market recently had a strong rejection back to the previous area of sensitivity Although it's not yet certain I think it will hold and should be re-testing the previous area of resistance. Overall market direction is bullish.
About 20-30 pips should be your first take profit, manage your risk. Good luck!
CHFJPYAscending channel movement. After a great impulsive move we are looking for Good correction phase like fibo level 50%. Price hit the major horizontal resistance zone and ascending channel resistance is well. I am expecting local Resistance may push the price down side towards the channel support on higher time frame a great rising wedge can also be seen. This is last zone where bearish movement can start if price can't hold this zone we will see further higher level.
CHF-JPYCHFJPY pair traded at 168.100. And resistance at 168.400, the market test that level and create the double top and give retracement from the level, because of its major resistance. And neckline at the price of 165.
YEN WATCH! 🧐Summary
The Yen continues to weaken. The USDJPY is now at a 25-year high.
The Details
The Bank of Japan (BOJ) intervention could happen any week, meaning some big moves on JPY pairs. I am expecting at least a 500 pip bearish move on USDJPY 💥
If there is no intervention, USDJPY may reach as high as 155-160 before the BOJ changes interest rates to strengthen the Yen.
The JPY is weak across the board, especially against the FOREXCOM:CNHJPY PEPPERSTONE:CHFJPY and PEPPERSTONE:SGDJPY
Things to Consider
Don't over-leverage JPY long positions due to your FOMO
Think longer-term. The intervention move could provide only temporary strength for the Yen. The BOJ may need to hike rates before the Yen forms its lows. An interest rate hike may not happen until Q1/Q2 2024.
Sell CHFJPY 13RR winrate 90%I am looking to sell CHFJPY with 13 risk reward ratio. I am looking for a sell from 168.45 where liquidity resides, but might enter a small position here.
Reasons for trade:
- H1 TradeATS setup
- Liquidity Grab H1
CHFJPY: Possible confluence for shortSome possible confluence suggest CHFJPY could possibly short around the 168 area. A potential Gartley pattern on the daily/4 hour chart. Equal measured move/ABCD daily/ 4 hr. Even handle number at 168 even. Testing previous highs. Overbought RSI daily, so possible divergence. Could be a nice area to look at for a shorting opportunity.
