SonTrader - SELL CHFJPYEntry : 164.210
SL : 165.400
TP : 159.100
RRR : 1/4.2
Every trade has risk!! So please set SL with your own caution and always follow my orders at Tradingview !!
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Chfjpy!
Chf/Jpy Counter-TrendTrade Idea for CHF/JPY
Bias: Counter-Trend
While the underlying fundamentals may favor a bullish move for CHF/JPY, there are compelling reasons to consider a counter-trend trade:
Bank of Japan's (BoJ) History with USD/JPY: The USD/JPY is inching closer to the significant 150 level. Notably, in the past, when the pair approached this level, the BoJ stepped in to intervene in the forex market. Should history repeat itself, this intervention could create ripples across JPY pairs, including CHF/JPY.
Market's Anticipation of FED Moves: The market chatter is starting to buzz about potential rate cuts by the Federal Reserve in 2024. Any significant shift in interest rate expectations can induce forex market volatility, potentially benefiting our counter-trend perspective on CHF/JPY.
Conclusion: While going against the grain of fundamentals might seem risky, the potential BoJ intervention combined with changing rate expectations from the FED presents an intriguing counter-trend opportunity for CHF/JPY.
Best Forex Signals | Sell CHFJPY Target 163.72The CHFJPY has shown bullish reversal candles on H4 and broken trendline on H1 timeframe. There is an unmitigated DOTS target at 163.72. The expansion box and contraction box appeared on M15 to validate the idea that the CHFJPY is going to 163.72 in the next move.
CHFJPY: Curve Analysis (2H)-SL @ 165.90 🚫
SLO2 @ 165.75 ⏳
SLO1 @ 165.50 ⏳
SSO @ 165.10⏳ ⚠️
TP1 @ 164.75
TP2 @ 164.40
TP3 @ 164.00
SUPPORT @ 163.85
✍️ Based on the Curve Analysis on the 2H from 163.49 up to 165.87, PA appears to be in a downtrend
📉 If PA opens/closes below 164.95, we should anticipate PA to continue the DT
⚠️ The above SSO is aggressive
📈 However, if PA continues to PB to the upside then we'll wait for price to come up to our Sell Orders
🔑
DT = DOWNTREND
PA = PRICE ACTION
PB = PULLBACK
CHFJPY New bullish leg underwayCHFJPY is trading inside a Channel Up, which made on October 3rd the latest Higher Lon on the 1day MA100.
The price is already near Resistance A (166.550) and the 1day RSI bullish above the 60.00 level.
Buy and target 172.000 (less than the previous -9.60% rise).
Previous chart:
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CHFJPY - Is The BOJ Intervention Coming?Analysis:
Bearish Confluences
Recent downwards trend formed
Retesting an area of significance
Downwards trendline touch
Broadening descending channel formed
1K long position decrease for the CHF
6K short position increase for the CHF
1K long position increase for the JPY
Recent CHF news has been bearish
Bullish Confluences
The CHF is the 4th weakest major currency whereas the JPY is the weakest major currency
6K short position increase for the JPY
Stay Safe - The JPI Team
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This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
CHFJPY I Breakout Retest ContinuationWelcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Sell CHFJPY 10RR with 85% WinrateSell CHFJPY with target 164.20. The pattern has shown an inside pin bar on 15M at an Order Block, which means a strong reversal with low risk.
CHFJPY Technical Analysis📈 CHFJPY Technical Analysis 📉
Hey Traders! 👋 Let's take a closer look at the CHFJPY currency pair, as there's some exciting potential brewing in the charts. 📊
🔍 Current Price Levels:
CHFJPY is currently trading at 165.6. 📈
🔙 Possible Pullback:
We might see a pullback from the current price levels. This could be driven by recent geopolitical tensions, such as the Israel-Gaza conflict, causing both Swiss Franc (CHF) and Japanese Yen (JPY) to act as safe havens. 🌍
📆 August 2023 Resistance:
The pair is eyeing a retest of the August 2023 resistance level at 166.582. 🎯
📉 JXY Currency Index:
JXY (Japanese Yen Index) was bearish yesterday, which could weigh on the Yen's strength. 🐻
📈 SXY Currency Index:
SXY (Swiss Franc Index) showed a bullish trend, highlighting the potential strength of the Swiss Franc. 🐃
🔍 What to Expect:
With both bullish and bearish signals in play, we might see a retest of the resistance level soon. However, it's important to note a bearish divergence, which suggests a pullback might precede the upward movement.
📚 Educational Opportunity:
This scenario showcases the complexity of the forex market, where multiple factors influence currency movements. It's essential to stay informed and use technical analysis alongside fundamental factors to make informed trading decisions. 📖📈
📣 Share your thoughts! What's your take on CHFJPY? Are you looking for a potential entry point during the pullback? Share your insights and strategies in the comments below! 👇💬
#ForexAnalysis #CHFJPY #TechnicalAnalysis #CurrencyTrading #SafeHavens #GeopoliticalEvents #Divergence #TradingStrategies
CHFJPY - Potential short ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are still in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to go a little bit higher to take out liquidity above equal highs and to fulfill the imbalance and then to reject from 1H bearish order block.
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CHFJPYIs CHFJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 163.6 followed by 162.70
What you guys think of it
CHFJPY:10/10/2023:🔴Looking for a sell?
As you can see, the price hit the bearish order block and because of the market structure, we can expect the price to move down for collecting liquidity as sell side liquidity.
💡Wait for the update!
🗓10/10/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
10th of October 2023 Here is the watchlist for today:
CHFJPY H1 there is a possible BAL forming aswel as a trendline, with a lower trendline that may hold price up on m30.
EURJPY M30 there is a 123 formed around the lower demand zone, be very conservative with this one.
GBPCHF H1 there is a 123 formed, i would wait for a break above 1.11.
The special case today is audnzd, i feel the bel doesnt have a strong enough impulse before the pattern, there is also a possible channel forming on H4 where the upperbound may hold price down.
Happy hunting.
CHFJPY The Target Is DOWN! SELL!
My dear subscribers,
This is my opinion on the CHFJPY next move:
The instrument tests an important psychological level 163.70
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 162.74
My Stop Loss - 164.25
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
CHFJPY I Potential Short from Resistance Welcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
CHFJPY - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
CHFJPY has been overall bearish trading inside the falling broadening wedge pattern in red, and it is currently approaching the upper trendline.
Moreover, the zone 164.5 is a resistance zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As CHFJPY approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
9th of October 2023Good morning, here is what i will be looking at today at the end of the candle close at 3pm, so in 7 and a half hours from now.
USDCAD H1 we have a H&S so we would like price to trade back up above the neckline then break back below it at or after 3pm.
CHFJPY M30 there is a 123 formed.
AUDNZD M30 we have a potential GS forming.
Thats it for now, there is still a bit of time before i will enter trades and so there is still time for the market to change, lets reevaluate in about 5 hours.
Happy hunting
CHFJPYCHFJPY is in a correction period. At the strong resistance zone 166.49 if the price cannot break through. It is expected that there is a chance that the price will decrease. Consider selling.
>> GooD Luck 😊
Is CHFJPY's upward momentum fading?CHFJPY had been in a bullish trend for an extended period. However, there has been a noticeable weakness in recent times, indicating a potential shift in the trend from upward to downward.
CHFJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
CHFJPY Will Explode! BUY!
My dear friends,
My technical analysis for CHFJPY is below:
The market is trading on 162.25 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable (Bullish continuation.
Target - 167.17
Recommended Stop Loss - 161.71
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
CHFJPY: When was the last time we short against JPY?
Hello traders,
There is one entry and 2 TPs for this pair.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
CHFJPY potential continuation to the upsideGood morning traders, today we are taking a look at CHFJPY. The bank of Japan is still not willing to make a hike and this monetary policy is very negative for the yen, however price has still corrected due to the Yen being underevaluated by investors on the market those past few days. Today, we can see price seems like it found support on a key level of 162 and that the movement to the upside might resume.
