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Chfjpy!

CHFJPY Last rise before a strong correction.The CHFJPY pair had a strong 5 week rally since our last buy call (see chart below) on April 28: Our final bullish target remains 159.000, which will make a perfect contact with the Higher Highs trend-line since January. But given the fact that the 1W MA50 (red trend-line) has been tested twice this year, we expect a stronger rejection this time and decline all the way to Support 1 (149.100), where it can make contact with the 1W MA50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
7
CHFJPY - New Highs Being Formed!!!Analysis: As we can see from price action we're in a clear upwards trend, price is forming higher highs and higher lows which confirms the trend direction. We've seen price break above a previous high and now we're retesting that area for support and we expect that it will hold. At this level we've got the 38.2% fib retracement level which we'd expect buyers to be sat at wanting to push price higher. Also at this level we've got an upwards trendline which has been respected recently, showing that it could be respected again. This pair is forming new highs which just shows the strength and bullish pressure we're seeing. Fundamentally the CHF ranks 5th out of all of the major currency pairs where as the JPY ranks 8th being the weakest major currency pair so this goes in our favour which is why we are bullish. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: 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 to. 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.
Long
by jpeacockfx
22
Buying Trend Continuation on CHFJPY. The Swiss Franc/ Japanese Yen pair appear to be on a strong bullish direction since September 2016. However, since January 2023, we can see a steeper and stronger bullish pressure on the pair. The CHF/JPY pair is currently trading in a swing Premium level, and has been for months, but while we predict that the pair should sell, Fundamentals has also been adding to the massive gain in the CHF pair. Our confluences for a Bullish trend continuation include: 1. HTF bullish trend. 2. FVG range (146.402-149.287) is unbroken, but instead acts as a SUPPORT LEVEL. 3. Price hasn't still reached our main Point of Interest (POI, which is at 158.520). 4. Price is currently at Equilibrium on the Daily chart. Therefore, we are expecting a consolidation on the 50% level, before an expansion towards 155.583. Let's be expectant between today and Friday.
Long
by preciousjames517
CHFJPY ____ INCOMING BEARISH MOVEHello Guys, We have on our hands a sweet sell opportunity to capitalize on. CHFJPY recently reached an expected high which price is meant to ease the bullish rally. What we can see on the daily is a manipulation of buyers to go long then the sellers jumped in. Now I am expecting the price to continue the short selling after entering into the daily order block which should give price momentum to create another bearish leg. Once the price gets into the daily order block again, I will be looking for CHOCH to go short to my TP. Follow me for more trade analysis. Cheers, David
Short
by jabariofafrica
CHFJPY - Bullish price action ✅Hello traders! ‼️ This is my perspective on CHFJPY. Technical analysis: Here we are in a bullish market structure from 4H perspective, so I expect continuation of bullish price action as price rejected from bullish order block from discount zone. I see price to make new higher high. Fundamental analysis: Tomorrow we have news on CHF, will be released monthly CPI which is forecasted to increase. If the result will be like forecasted it will support our analysis Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
10
CHFJPY - FINALLY WE HAVE A LONG SETUPOn CHFJPY, the market is forming a long setup following the Forex48 strategy. The setup is around 153.15, where we have a strong demand zone created on May 18th. Therefore, I expect a retracement at this level before entering a long position with a target of 155.40. There is a supply zone at that level, and the price may even break through it to continue the upward momentum. Let me know what you think. Happy trading to everyone. ❤️Please, support my work with like, thank you!❤️
Long
by Forex48_TradingAcademy
CHFJPY: Buy this pullback on the 1D MA50.CHFJPY is trading inside a Channel Up for the past 12 months and currently pulling back after touching the 2.0 Fibonacci level. With the 1D time frame technically neutral (RSI = 53.315, MACD = 1.420, ADX = 33.250), the closer the price gets to the 1D MA50, the stronger of a buy opportunity it becomes. The fractal of July-August 2022 indicates that the next HH of the Channel Up should be on the 2.618 Fibonacci level at 160.000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
3
CHFJPY - 4hrs ( Sell Trade After Break / Tp Range 250 PIP ) 💲Pair Name : CHF/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( ↘️ Short After Break Out With 4hrs Candle ) Type : Mid Term Swing ——————————— 🔰Bearish after Break 153.650 Area Reasons - Major Turn level / D - Reversal Pattern / Candle Stick - Month High Area - Fibo Golden - Fixed range lvn / Value 🔰Bullish Reversal 150.600 Area Reasons - Major Turn level - Visible Range Lvn - Quarter's Area - Pattern Target - FIbo Golden
Short
by GoldenEngine