CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello,Friends!
Previous week’s green candle means that for us the CHF/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 170.641.
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CHFJPY
CHFJPY Will Move Lower! Short!
Here is our detailed technical review for CHFJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 171.110.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 169.734 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Yemi_Fx1 | Bearish Bias on CHFJPY Price has been in correction phase on chfpy for more than a week currently it's tested the upper trendline making it a third touch. The upper trend line that serves as a resistance zone is validated on 1 hour time frame by a close of a bearish candlestick. I will be waiting for formation of a bearish continuation pattern on 15Min/5Min to provide me an opportunity to take a trade.
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CHFJPY 1H Possible Double bottom in an up trend channelOn this 1H chart for CHFJPY we can notice that the price has been moving in an up trend channel for a while now. Recently it dropped to test the up trend support. At this stage the price is forming a potential double bottom. Monitor it for a potential breakout.
Additional confluences:
- MACD can produce a bullish cross if the price starts going up to complete the Double bottom
- The 2 bottoms are re-bouncing from the 200 EMA
- If the price goes up, in can cross above the 20 and 50 EMAs. Monitor for a bullish cross
CHFJPY - Accumulation phase ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in an accumulation phase now, so I expect we could see AMD pattern, price firstly to manipulate sell side liquidity and then to reject from bullish order block for distribution higher.
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CHFJPY H4 | Heading into resistanceCHF/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 171.379
Why we like it:
There is a pullback resistance that aligns with the 100.0% Fibonacci projection level
Stop Loss: 171.072
Why we like it:
There is a resistance that aligns with the 127.2% Fibonacci extension level
Take Profit: 169.821
Why we like it:
There is a pullback support level
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CHFJPY H4 | Falling to pullback supportCHF/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 169.819 which is a pullback support.
Stop loss is at 168.700 which is a level that sits under a pullback support.
Take profit is at 171.578 which is a pullback resistance.
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.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 72% 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 Trading 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.
CHFJPY I Pullback and more growth 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.
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CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello,Friends!
CHF/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 169.798 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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CHFJPY - 4hrs ( Sell Trade Target Range 300 PIP ) 💵Pair Name : CHF/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🌐 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 )
Type : Mid Term Swing
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💲This is the best entry point ( 170.800 )
All the reasons for our deals are based on the Golden Engine course + our educational content
Please review the chart carefully
You may agree or disagree with me
But most likely we provide everything, all the available information and the finest details
CHFJPY - 4rhs ( Down + 75 PIP / TP 1 > Full Tp 300 PIP ) Pair Name : CHF/JPY
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Short
Educational
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⚡️ Account Growth = 5 %
💵Pip' Achieved = 75 PIP
CHFJPY Short entryHello guys! its your girl Forex potatoe, i have been following up on this pair judiciously for months now.
Entry just got confirmed, a bearish engulfing candle close on 4H will confirm my sell and i'll enter.
Stop loss above the structure and TP and the support(Spot my short position tool).
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CHFJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity CHFJPY
I still did my best and this is the most likely count for me at the moment.
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CHFJPY Set To Grow! BUY!
My dear followers,
I analysed this chart on CHFJPY and concluded the following:
The market is trading on 170.53 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 170.98
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
CHF/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
The BB upper band is nearby so CHF-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 166.712.
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⚡️Strifor || USDCHF-18/01/2024Preferred direction: Neutral
Comment: For this instrument, we recently closed our growth target with a profit, but this growth potential is most likely not exhausted. Further growth is expected towards resistance 0.87757 . Here is our first and main scenario for the upcoming sale. Scenario №1 on the chart is the most likely, and it should even be said that the price may turn around this level without reaching it.
A less likely option, very aggressive on the part of the current limit buyer, is scenario №2 . Sell from the level of 0.89032 . In both options, the downside target is located at the level of 0.85696.
Thank you for like and share your views!
CHFJPYIs CHFJPY exhausting at strong resistance level?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 170.40 followed by 169.
What you guys think of it?
CHFJPY H4 | Falling to 23.6% Fibo supportCHF/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 169.142 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level.
Stop loss is at 167.923 which is a level that aligns with the 38.2% Fibonacci retracement level and sits under a pullback support.
Take profit is at 170.889 which is a pullback resistance.
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.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 72% 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 Trading 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.
⚡️CHFJPY CMC TRADING ⚡️ RISING WEDGE PATTERNCHFJPY has recently formed a rising wedge pattern, and there is now a breakout occurring at the lower boundary. This breakout is anticipated to lead to the formation of a corrective leg, with the potential for a retracement back towards the 50% level of the current bullish trend. Additionally, the 50% level aligns with a significant key zone, providing a compelling reason for considering a short entry.
CHFJPY Price is currently in a 4H Uptrend channelCHFJPY Price is currently in a 4H Uptrend channel. It is hovering near the 170.000 psychological level, as well as the 4H Demand.
I will be looking for entries the moment price taps into the 4H Demand and forms a bullish rejection at 169.300 - 169.600.
I expect price to continue heading its way upwards to the 172.000 psychological level, following the channel.