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Chfjpyanalysis

The week of 23 Jan CHFJPY – Opportunity to grab +1300 pips … butBut do you have the discipline and patience?? This pair has been rising since June 2021 but things may be changing now. As my daily chart shows, price has crossed below the 200 SMA and has just retested it from below. Also important is the fact that it has been rejected with a nice pin bar on a daily basis. It is not the nicest looking downtrend but the sequence of lower highs and lower lows is very much present. We have enough evidence that the market is not accepting high prices. As I said above, there is the potential of more than a thousand pips here. But holding on for a long period is not easy, it requires: - a wide stop loss say +300 pips (to be above 143.10) - total belief in this trade for a few months. - the ability to see the market go against you multiple times. - patience to hold the trade for an extended period of time. - overcome the urge to move the stop to break even too early. If you can do all that, this may be a great opportunity to obtain massive profits. This may be an early stage of a downtrend and if it continues and strengthens, it could last a long time. Otherwise, hold that bearish bias for several months and look to take multiple smaller trades as this pair makes its way to the downside. Nothing is 100% in trading, but I have a high degree of confidence in this trade. As always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
4
CHFJPY long 6hHello, my dear friends and fellow traders. What we are going to look at today is the CHF/JPY currency pair. Well, this stock has a bearish trend in the higher time frame, and it is currently trading in a sharp decline. But it has reached a support level in the sharp decline and is unable to break it. So, the price of this pair is showing a slight uptick. At this situation it is a good idea to take a long position in this space and expect a profit ratio of 1:3. Currently the buyers are more likely to jump into this currency pair. It is wise to follow your risk management before taking entry. I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways. Thanks & regards, Alpha Trading Station FOREXCOM:CHFJPY Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
Long
by AlphaTradingStation
20 reasons for Sell CHFJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: 1979 to 2023, about 40 years double top 2 📆Monthly: A clean uptrend but now in the corrective mood 3 📅Weekly: structurally market is in downtrend 4 🕛Daily: a clean downtrend toward monthly retracement targets 😇7 Dimension analysis 🟢 analysis time frame: daily 5: 1 Price Structure: bear 6: 2 Pattern Candle Chart: flag 7: 3 Volume: biggest bearish volume 8: 4 Momentum UNCONVENTIONAL Rsi: Sideways 9: 5 Volatility measure Bollinger bands: middle band retracement 10: 6 Strength ADX: bears are in strength 11: 7 Sentiment ROC: joy is in strength ✔️ Entry Time Frame: H4 12: Entry TF Structure: bear 13: entry move: waiting impulse 14: Support resistance base: imbalance area 15: FIB: trigger event fill occurred ☑️ final comments: sell 16: 💡decision: sell pending order 17: 🚀Entry: 142.490 18: ✋Stop losel: 144.970 19: 🎯Take profit: 134,570 20: 😊Risk to reward Ratio: 1:4 🕛 Excepted Duration: 10 days
Short
by Optimum369