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Chfjpy!

CHFJPY – is this pretty picture tradeable?? … the week of 18/09These lines I drew make a pretty picture for sure 😊. But the big question is am I reading the price action correctly and are my expectations reasonable? We will find that out soon. My daily chart shows clearly how I read the movement in this pair so far and what I expect next. However, here are a few main points: Triple top followed by a series of lower highs. About 8 weeks of consolidation, higher prices not accepted by the market. Price contained between a downward sloping trend line and a horizontal one at 164.00 A squeeze to the downside is in progress and IMO a breakout as shown will likely occur. I will be monitoring H4 and H1 charts to confirm if this does happen. Monitoring PA in other JPY crosses will also be useful. A good level to target will be around the 160.00 area. Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
6
CHFJPY, DOOMSDAY BEAR-MARKET Scenario, Wedge-TRIGGER-Setup!Hello There! Welcome to my new analysis about CHFJPY on several timeframe perspectives. The CHFJPY conditions have accelerated to an unnatural dynamic recently as the pair moved into new highs instead of the massive overbought condition and the fact that this main reversal into the bearish direction should have setup already long times before especially considering the deficit of capital flows in CHF against the JPY there is a lot of bearish pressure present for CHF. On the broader perspective the pair is forming this gigantic ascending-wedge-formation in which it already penetrated the lower boundaries with crucial bearish momentum spikes into the lower direction. This means that once a huge bearish pressure spike below the lower boundary has setup this will lead to many long liquidation triggers down the road and will lead to further continuations into this perspective. When the bearish pressure accelerates heavily this will also lead to the massive head-shoulder-formation to be completed triggering further bearish liquidations and momentum. Especially with a further increase of the deficit in capital flows between CHF and JPY this will lead to the main market momentum to convert into a bearish dynamic and will lead to the underlying bearish scenario perspective to be confirmed by traders and investors moving into a more bearish sentiment consideration. Once the whole head-shoulder-formation has completed the momentum is likely to accelerate to the target-zones mentioned. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
by VincePrince
10
CHFJPY I Expect to fall further toward next supportWelcome 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!
Short
by BKTradingAcademy
25
CHFJPYBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 164.1- 163.8, which is a pullback resistance Our take profit will be at 163.01, an overlap support level. The stop loss will be placed at 165.23, a multi-swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
CHFJPY SHORT SETUPCONFLUENCE 1. Major Down-Trend with another minor DOWNTREND. 2. Previous Daily Candlestick breaks the last 7 candles structure and last 2 swing low. 3. Swing Low Break of Structure on Daily Timeframe. 4. Order Block highs is the Swing High. 5. Order BLOCK created a very wide FVG/imbalance right beneath itself in cause of an "Order-Flow" which is pulling back price to the spot for a "SHORT". 6. A Strong Sell Side Order Flow in 2bars of the 4H Timeframe. There are 2 possible entries here First Possible Entry. Entry: 164.825 SL: 165.175 (35pips) TP: 163.230 (159pips) Second Possible Entry. Entry: 164.570 SL: 165.175 (60pips) TP: 163.230 (134pips)
Short
by oluwaleyefaith27765
CHFJPY Trading Ideaased 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 :-)
Short
by ShahedZare
Is the Top In ?? Time For the Monthly Reversal ?This is a follow-up to the idea I presented last month regarding this pair being severely overbought on longer timeframes. The existing price action strongly suggests that a downward cycle is imminent. Here's my rationale. In the past three weeks, each weekly candlestick has initially surged to new highs before experiencing a significant selloff in the second half of the week. The 166 level is proving to be a key High Time Frame (HTF) resistance level, with sellers ardently defending this level. See the chart below for the visual When we look at the daily charts, reversal indicators become even more prominent. It appears we have now entered a distribution cycle , a sideways movement often seen following a long rally in price. This cycle is more easily identifiable on shorter timeframes, but its appearance on a daily chart strongly points to an impending downward move. The daily charts show the distribution trading range between 164.5 and 166.3. A decisive break and close beneath 164.5 would serve as a conservative entry point for traders. Additionally, my TRFX indicator has just signaled its first daily sell alert in quite a while. This is a high-probability indicator for me and prompts my re-entry into the market. There's a possibility for a minor rally up to the 165.5 level, but I anticipate a substantial sell-off to occur, targeting the 158.7 level which marked July's low. This trade is expected to unfold in the weeks leading up to the next Bank of Japan (BOJ) meeting. The potential drop could provide an entry point for buyers eyeing another upward push. However, given the extreme overbought conditions evident on the monthly charts and now we are approaching the last Quarter of the year, we might see a deeper correction down to the 150 level, a prior monthly high, which could spark profit taking over the coming months. This becomes more likely if the 158.7 level gives way. I will hold this trade as the profit potential is huge and given the reasons above anyone buying at these highs should be very cautious as the higher timeframes looking to be pointing to large players positioning for a downward move. Let's see how it unfolds.
Short
by TheFxAce
27