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Chfjpyforecast

CHF/JPY SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup! CHF/JPY: Daytrade-Execution Notice: For those who want some additional risk in the market. Rememeber that all trades are risky ahead the FOMC-Meeting. Market-Sell-Order: 124.715 Stop-Loss: 124.900 Point of Risk-Reduction: 124.540 Take-Profit: 123.785 Stop-Loss: 18,5 pips Risk: 0,5% -1% Risk-Reward: 5,0 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Short
by Trading2ez
3
Trading Idea Regarding CHFJPYRight Now this Currency Pair is in Neutral Phase 1- It is making Cup & Handle Chart Pattern on Daily Time Frame Indicating its Bullish Behavior 2-It is Moving in Parallel Channel Chart Pattern on Daily Time Frame and Right Now heading towards bottom of the channel indicating Bearish Behavior 3- When Considering Fibo Levels after breaking 38.2 % Fibo Level Price touches top of the parallel channel and came back down and start moving around 23.6 level So, there are two possibilities at this point either it bounce back and continue moving up or it will came down to retest 38.2 fibo level 4- It is making Symmetrical Triangle Chart Pattern on 4 Hour Time Frame also indicating possibilities of moving in either direction Note: If this pair break above Symmetrical Triangle Chart Pattern it is also possible price plunge down from 126.226 level to 38.2 fibo level which is also bottom of parallel channel by fallowing Quasimodo chart pattern
by Inzamam9012
CHF/JPY AnalysisWe can easily expect the creation of a higher high Monthly: We have an impulse and correction respecting precious resistance now turn support. When we have an impulse and correction we can definitely expect another impulse. Weekly: In weekly we have an impulse correction pattern. Also price is respecting .50 fibonacci level. We could expect a creation of a higher high at least to the price of 126.435. Daily: The price is in a consolidation period. The price is most likely creating liquidity before the continuation to the upside. We can definitely expect more continuation according to our multi-time frame analysis.
Long
by Wiiso
2
CHFJPY | Perspective for the new week | Follow-up detailsWith over 60pips in our direction since my last publication on this pair (see link below for reference purposes), I am expecting that the retracement phase will push into a 50, 61.8 or 78.6% retracement before the trend continuation begins. So, if you are not in the bearish train you still have a minimum of 150pips to catch before the buyers find a good price! Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline | Retracement | Harmonic move (AB=CD) expectations Observation: i. This is going to be a follow up on my last speculation on this pair as it appears that the retracement of the Impulse leg identified as finally taken course and we are looking at the Key level (JY121.000) area for reversal set-ups. ii. The visual representation of a line drawn under pivot lows on the weekly chart reveals the prevailing direction and speed of price action since September 2019. iii. And after considering the long term bullish perspective in this market, it is appropriate that we remain a little more patient for buying opportunity after the exhaustion of the correction phase after which we can look forward to a possible harmonic move (AB = CD pattern) with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is expected to fall within 50 to 78.6% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B @ JY128.000 area.. iv. So, while we wait for buying opportunity; the counter-trend in the guise of a retracement could be a risk worth taking (see link below for my previous analysis supporting a bearish bias)... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 500 pips. Risk/Reward : 1:5 Potential Duration: 10 to 20days 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.
Long
by darcsherry
1
CHFJPY Multi-timeframe Analysis & Trade IdeaHello everyone, if you like the idea, do not forget to support with a like and follow. We can see on the COT - Commitment of Traders, which is what Hedge funds and the non commercials so the biggest in the market are doing. Where we can see that CHF's net positions have been decreasing, where we went from having positive 9,678 net positions to down to minus -17,584 we can see that in CHF is weak, but JPY is weaker from minus -55,190 to minus -102,734, where there has been a lot of shorts being added, we can see that JPY is weaker, hence we are looking for a SELL to BUY trade. We also have a W formation on the Monthly & Weekly where we have 2 sets of trades as seen below. We are looking into a neckline retracement before the move to the upside. Sell is from the M pattern entry on the daily and the correction Buy on the Monthly & Weekly. All entries are on the break and retest of the structure. Trade Signals SELL 1 Entry: 124.338 Take Profit: 119.850 Stop Loss: 124.808 SELL 2 Entry: 124.338 Take Profit: 121.194 Stop Loss: 124.808 BUY 1 (Weekly W Pattern - Neckline reversal) Entry: 119.861 Take Profit: 127.331 Stop Loss: 118.564 BUY 2 (Monthly W Pattern - Neckline reversal) Entry: 121.193 Take Profit: 127.087 Stop Loss: 119.458 Good luck! All Strategies Are Good; If Managed Properly! ~FX_SHIFTER
by fx_shifter
UPDATE: CHFJPY Multi-timeframe Analysis & Trade IdeaHello everyone, if you like the idea, do not forget to support with a like and follow. We still have a W formation on the Monthly & Weekly where we have 2 sets of trades as seen below. We are looking into a neckline retracement before the move to the upside. We are also looking for a sell reentry before the reversal on the Monthly or Weekly long. BUY 1 (Weekly W Pattern - Neckline reversal) Entry: 119.861 Take Profit: 127.331 Stop Loss: 118.564 BUY 2 (Monthly W Pattern - Neckline reversal) Entry: 121.193 Take Profit: 127.087 Stop Loss: 119.458 Good luck! All Strategies Are Good; If Managed Properly! ~FX_SHIFTER
Long
by fx_shifter
CHFJPY | Perspective for the new weekThe Swiss have been Bullish in the last 8 weeks and I suspect a temporary correction is evolving with anticipation of a rally continuation in the coming week(s). Therefore, we shall be looking for the completion of the reversal pattern sighted on the Daily chart to take advantage of a counter-trend opportunity this new week. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Reversal pattern (Head & Shoulder) Observation: i. After hitting a peak @ JY125.500 at the beginning of this month, I observed that buyers lost momentum as this is evident in price action afterwards and this is assumed to be "quick sells" from participants who took advantage of the last Bullish run. ii. Since the beginning of the month of November 2021, price continued to find lower highs which evolved into a Head and Shoulder look-a-like structure. iii. Technically, the appearance of a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal. iv. Noticing a baseline with three peaks at this juncture in the market, where the outside two are close in height and the middle is highest requires a little more patient before a decision is made. v. Below key level @ JY123.500 remains my yardstick for the bearish expectations; In this regard, we shall be awaiting confirmations for entry if the price falls below the support level @ JY123.500 (Key level) to signal Bearish tendency in the coming week(s). vi. However, it is worthy to state here that the early hours/days of the new week might see price climb to test the Supply level I have identified around @ JY123.500/124.500 to incite further decline. NB: Considering the fact that it is a Bullish trend from a long-term perspective it is appropriate that we remain conscious with locking profits at appropriate zones to avoid unexpected spikes that could incite rally continuation ... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4 Potential Duration: 7 to 15days 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
3
Hope u took the short, CHFJPYThe swiss yen broke down farther after breaking the channel and testing the bottom of the channel, we expect to see more downside this week. But the white line(200ma) serves as a strong support. If you're in a short take some profits at around there and re-enter again at a better price. BEAR CASE Price to go farther down to ~122.9, there we can see some support. Our ultimate target is ~122 BULL CASE We expect price to test at least 122.9 but the support can be stronger than expected, do not be surprised if we bounce to 125 from there before another big leg down.
Short
by IkanBilisCapital
CHFJPY all za way downWhat's up guys , Price approaches a resistance zone and I'm looking for major sell setups , it will be a classic entry immediately after the break of the last low and the neckline of the potential Heads and shoulders , Why I said potential is because it hasn't formed yet and I am looking forward to see it happen so it could suite my trading style and give me an edge I can spot a divergence but don't wanna add it , so that my chart won't get too complex cause we have to keep it simple during trading Waiting for market to show its hand Also a cross of the MA can be used as a confluence ,those who are familiar with the ichimoku cloud could also use that what do you guys feel ?
Short
by newschooltrader
2
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