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Chfjpyanalysis

CHFJPY: BEARISH Market Analysis! Waiting for CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CHFJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: Market on top of its previous swing high, in higher time frame it double bottomed on it moving inside a rising wedge formation, in this context usually a reversal scenario. In lower time frame, in October the market left the wedge, still correcting above the swing for a while and recently we could see the expected reversal sharp impulse breaking the main structure. When, where and why would we step into the market? Overall, considering the downward impulse, our Bias is quite bearish and we would be looking only for short positions. The market dropped for more the 500 pip, and started correcting just few session ago. A deeper correction is needed and once it will be completed, we will be looking for a great entry price and RR if the opportunity will be confirmed. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
14
20 Reasons for sell CHFJPY MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑 🧐Eagle eye: The trend is Super bullish and also taps the highest Ob or resistance so that a reversal can start now-massive volume at the last 12-month candle sign, an execution volume sign of long deep retracement or correction Monthly: Last strong Bull move hit its target successfully, and now a deep correction is coming. The correction level is some whare 123.00, about 61% of the total move, because there is no FVG or Ob and other support. Weekly: A lot of liquidity grabs and long wicks bears candle appeared on the top, make back to back higher lows since the last 10 weeks SUMMARY 1 Structure analysis time frame: D1 a rectangle is formatted most probably lower trend line will breaks and prices will go done 2 target time frame: daily 3 Current Move: impulse 4 Entry Time Frame: H4 4.1 Entry TF Structure: bear 4.2 entry move: impulse 5 Support resistance base: h4 ob tap 6 FIB: 7-candle Pattern: Narrow range 8 Chart Pattern: head and shoulder 9 Volume: extremely high volume at the consolidation phase. It's strange and unusual. It means if the price may go down, it will be so sharp and perpendicular 10 Momentum UNCONVENTIONAL Rsi: super bearzone start 11 Volatility measure Bollinger bands: Walking on the band 12-strength ADX: bear 13 Sentiment ROC: JPY is weaker than CHF. This is not favorable but let see 14 final comments: wait till the lower trend line breakout immediately enter after the breakout 15: decision: sell 16 Entry: 144.785 17 Stop losel:146.345 18 Take profit: 134.55 19 Risk to reward Ratio:1:7 20 Excepted Duration: 15 days
Short
by Optimum369
20 Reason for Sell CHFJPYMULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑 🧐Eagle eye: The trend is Super bullish and also taps the highest Ob or resistance so that a reversal can start now-massive volume at the last 12-month candle sign, an execution volume sign of long deep retracement or correction Monthly: Last strong Bull move hit its target successfully, and now a deep correction is coming. The correction level is some whare 123.00, about 61% of the total move, because there is no FVG or Ob and other support. Weekly: A lot of liquidity grabs and long wicks bears candle appeared on the top, make back to back higher lows since the last 10 weeks SUMMARY 1 Structure analysis time frame: D1 a rectangle is formatted most probably lower trend line will breaks and prices will go done 2 target time frame: daily 3 Current Move: impulse 4 Entry Time Frame: H4 4.1 Entry TF Structure: bear 4.2 entry move: impulse 5 Support resistance base: h4 ob tap 6 FIB: 7-candle Pattern: Narrow range 8 Chart Pattern: head and shoulder 9 Volume: extremely high volume at the consolidation phase. It's strange and unusual. It means if the price may go down, it will be so sharp and perpendicular 10 Momentum UNCONVENTIONAL Rsi: sideways between 30 to 60 11 Volatility measure Bollinger bands: middle band resistance 12-strength ADX: full sideways 13 Sentiment ROC: JPY is weaker than CHF. This is not favorable but let see 14 final comments: wait till the lower trend line breakout immediately enter after the breakout 15: decision: sell 16 Entry: 144.785 17 Stop losel:146.345 18 Take profit: 134.55 19 Risk to reward Ratio:1:7 20 Excepted Duration: 15 days
Short
by Optimum369
CHFJPY: HTF Rising wedge for a potential REVERSE!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CHFJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: Since March 2022, this market has been moving inside a rising wedge, breaking out an interesting swing at around 140.000. Although the third touch of the top of the main structure, in LTF it’s still moving with a price action slightly bullish. When, where and why would we step into the market? For a better entry point and RR, we would be waiting for the price to reach the LTF swing high and see the further price action, how the price will react and/or if it will break or reverse. At the moment, not so many bearish confluences to enter a position, but we are gonna keep this market in watchlist to study its next movement. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab
Short
by Cybernetics_tl
22
CHFJPY Bullish Pattern Repetition Hello traders, In today's article, I'd be sharing my analysis on CHFJPY and the reasons for my bullish bias . Here on the daily timeframe, we see a market in an uptrend as indicated by the ascending trendline. But what's more interesting to see is how we have seen a pattern repetition every time the market pulls into the ascending trendline. We see a double bottom at every test of the trendline, and as with the rule of trading double bottoms, we would most likely be waiting on the retest/corrective move of this pair to test what retailers would consider "the neckline" of the W pattern. Alternatively, for those who use Fibonacci, we'd be anticipating a correction to either to 38.2%, 50% or 61.8% fib level and look for trend continuation inside the zone. If this helps, please don't forget to drop a LIKE for us and support us for the release of more educational contents.
Long
by Tradeforpipsfx
2
CHFJPY Buy/Long1: Trendline Breakout 2: Symmetrical Triangle Pattern Breakout When looking at the larger time frames, we can see that CHFJPY is bullish . We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend. We have listed 2 reasons as to why we will be looking to buy the pair. The trendline breakout on the daily chart signals shows the pair might have gained interest of buyers. The symmetrical triangle pattern breakout further adds to our narrative of a continuation to the upside.
Long
by NDOBObanks
1