Get started

Chfjpyanalysis

Bearish signal on the weekly but big move may come lateThe weekly candle on the swiss yen gave us a potential bearish signal. We expect price to continue to consolidate to the upside before giving us a big drop to the downside. BULL CASE Price moves to the top of the channel before dropping down farther. The price we're looking at is 126 but it may breakdown midway due to the uncertain nature in this zone. BEAR CASE This is unlikely but price may just collapse from here. If it does break structure our price target is 122. Remember not to fomo in and control your risk if it happens.
Long
by IkanBilisCapital
#CHFJPY SHORT TERM SELL OPPORTUNITYIn Daily time frame price is bullish without any doubt but price has reached Daily bullish channel upper boundary and we can also see standard bearish divergence in Daily time frame which gives us more confluence. As a result of this daily bearish confirmations we saw a bearish move which you can see it in 1H time frame and as a result of this bearish move price structure has shifted to bearish in this time frame. since then price formed a bullish corrective move which shows us no intention to upside move and for more confluence price formed a shooting star candle stick in 4H time frame and also 1H bearish engulfing candle. For trading this pair if price failed to create HH in 1H time frame you can then execute your sell position. Remember this trade opportunity is counter trend trading in Higher time frame and should be manage with extra care.
Short
by mohemati
CHFJPY Leans DownwardsHello fellow risk-takers CHFJPY seems to have fetched sellers' liquidity at its recent high. A bearish pressure may be expected to heavily build up from here onwards. The first conservative target 121.904 promises more than 200 pips from the current price 124.501 and the second profit target can fetch over 400 pips to 120.086. A stoploss above the recent high seems reasonable. Estimated holding period is in weeks for the potential 400-pip move. Trade well and take care. ____ *This information is presented for entertainment purposes only and shouldn't be construed as investment advice.
Short
by UnknownUnicorn29454076
128 before stronger correctionWe're wrong about this pair this week, the strong bullish conviction shown at the 123.5 level is information that we cannot ignore, there should be more upside coming for this pair but we think price action will be choppy. BULL CASE The structure should be complete once price corrects to near the 124.0 levels and after that we are targeting 128 where a stronger resistance will be met. BEAR CASE Do not be surprised if we get a stronger correction before the upside comes, it is possible but unlikely that price retest 123 before the bull case is fulfilled.
Long
by IkanBilisCapital
CHFJPY | Perspective for the new week | Follow-up detailsFollowing a 100pips move in our direction since my last publication on this pair (see link below for reference purposes), I see a short term opportunity as the current structure in the market insinuates that a temporary decline in price is imminent after observing a significant Breakdown of JY119.500 in the course of the last week trading session. b]Tendency: Downtrend (Bearish) Structure: Supply & Demand | Trendline | Reversal pattern (Breakdown) Observation: i. If we go as far back as August 2021, we will observe multiple rejections of the JY120.5000/120.000 zone; a feat that suggests a strong zone for the demand of Japanese Yen. ii. The visual representation of a line drawn under pivot lows in the last couple of weeks reveals the prevailing direction of price action which culminated at a peak of JY120.210 before the downward spiral. iii. The sudden Breakdown of this Bullish trendline during last week trading session reveals that buyers lost momentum. iii. However, It is worthy to note here that we are still within a good demand zone (JY119.000/119.200) for the Swiss Franc. iv. Following the Breakdown of the Key level @JY119.500, the retest of the Key level on Friday signals a change of baton as I anticipate a takeover from the sellers in the coming week. v. In this regard, below Key level remains a comfortable zone to sell the Swiss Franc with an opportunity to add to our existing position if the Demand zone no longer holds the selling pressure. vi. In the meantime, the Bearish bias on this pair remains temporary... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 100 pips. Risk/Reward : 1:3 Potential Duration: 1 to 4days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry