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Chfjpyanalysis

CHFJPY Heading up to 160.72 based on a Cup of TCup and Handle formed recently with CHF/JPY. The price broke above the brim level, and is showing strong momentum up. Other indicators confirm. 7>21>200 RSI>50 Target 160.72 SMC: Sell Side Liquidity order block is below the Handle of the Cup and Handle. A little concern is that there is BUY side Liqudity (Shooting Star) as of today and yesterday. This means, we could see the market come down a blip before it turns up again. It will give us a conservative entry point for those who aren't long or are long and want to pick up with their position even more.
Long
by Timonrosso
3
20 Reason for Buy CHFJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle Eye: The market is currently approaching the all-time double top area and momentum remains bullish. It will be interesting to see what happens next. 2:📆Monthly: A strong and established bull trend has been forming for the past 9 months, indicating the potential for a future bull run. 3:📅Weekly: Last week, the market took a strong bullish support at the Fib 38 price level of 137.800. A doji with confirmation suggests that everything seems bull supportive. 4:🕛Daily: While the market has been in a clean bearish trend, a QC of the last 15 candles indicates that the trend is weakening. A minor correction is expected, followed by a potential buy entry at this level. 😇7 Dimension Analysis 🟢 Analysis Time Frame: D1 5: 1 Price Structure: Currently showing an inner bullish structure. 6: 2 Pattern Candle Chart: A "N" pattern suggests a proper bullish formation, indicating a potential buy signal. 7: 3 Volume: A massive volume in the current consolidation area can be seen. 8: 4 Momentum UNCONVENTIONAL RSI: Currently showing sideways to bullish momentum. 9: 5 Volatility measure Bollinger Bands: No significant volatility has been observed yet. 10: 6 Strength ADX: Currently showing total sideways movement. 11: 7 Sentiment ROC: The CHF is stronger than the JPY based on the ROC monthly period 1. ✔️ Entry Time Frame: H4 12: Entry TF Structure: A bullish structure has been observed. 13: Entry Move: The current move is corrective, and waiting for an impulsive move to start is recommended. 14: Support/Resistance Base: The daily FVG support area can be used as a base for potential trades. 15: FIB: Waiting for a trigger event or trend line breakout is suggested. ☑️ Final Comments: It is recommended to wait for the correction to end before making a trade. Once the correction ends, a 15-minute bullish candle can signal a potential buy entry. 16: 💡Decision: Buy 17: 🚀Entry: 144.400 18: ✋Stop Loss: 140.700 19: 🎯Take Profit: 160.633 20: 😊Risk to Reward Ratio: 1:4.22 🕛 Expected Duration: Based on the current analysis and market conditions, it is estimated that it may take up to 2-3 weeks for the price to reach the target price of 160.633. However, market conditions can change quickly, and it is important to regularly review and adjust your trades accordingly.
Long
by Optimum369
CHF/JPY Looking For Short Opportunity CHFJPYAs we can see, the market is currently testing Fibonacci retracement to the 0.618 level. The 0.618 is also standing on a strong market structure of resistance which we can expect the market to reject in the short term. We will approach this trading opportunity by monitoring price action during the move to the upside as the market still has bullish momentum and as soon as the market shifts from bullish to bearish and meet our trading conditions we will enter a short. This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by NCTrading
CHFJPY - Long active ✅Hello traders! ‼️ This is my perspective on CHFJPY. Technical analysis: As we can see here we are in a bullish market structure, so I am looking for longs. I expect bullish price action from this zone as price rejected from bullish order block + institutional big figure 142.000. Fundamental analysis: On Thursday 23rd of March we have news events on CHF. As well SNB planned to raise interest rate by 0,5% supported by a Press Conference after the display of the results. The raise of interest rate means strength of currency this could support our bullish price action. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD