Chfjpyidea
CHFJPY Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of CHFJPY (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 43 - 19 Oct
M > Market reached monthly resistance which is also a major structural level (last touch was in Sept 2018) that has pushed price to the downside on each occasion. Hence we can expect a drop.
W > Price dropped to complete W formation and continued further till demand zone coinciding with 0.5 Fib level on last monthly bullish impulse. Price reversed to move up till 0.618 Fib level on last weekly bearish impulse and reversed again to the downside.
D > We saw an M formation and price moved up to test the neck and complete formation. We expected price to drop but it continued to rise up and faced rejection at daily supply zone.
As per COT CHF saw closure of few Long and addition of Short positions, reducing net positions whereas N-R saw addition of both Long and Short positions increasing cumulative net positions. SXY further improved its position during the said week. However SXY weakened last week. JPY saw addition of few Long but more Short positions reducing net positions further. JXY lost its position for the said week but ended with a Doji. However JXY improved its position last week but again ended with a Doji.
4H > After drop price is stuck at demand zone it created during its last bullish move. We expect a break to the down side to test weekly demand zone. However we also have an upward support trend-line to consider where price can reverse.
Pair Correlation > CHFJPY has positive correlation with EURUSD and EURJPY and negative correlation with USDCHF.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
Thank You
AP17FX
CHFJPY FORECAST UPDATEPrice is making a correction in lower time frame from the rising wedge pattern, i will be taking short trade in this pair.
Could have taken the trade early in the pattern with great RR but NEVER FOMO ( FEAR OF MISSING OUT ) because there is much more opportunity i can take later on.
* The risk to reward shadow is just an estimate *
CHFJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CHFJPY Roadmapcurrently, we are seeing price testing the key support level and I will wait for how the price will react to this level. our upside target is the 115.34 resistance level and the downside target is the 113.06 support level.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CHF/JPY TRADE IDEA Hey tradomaniacs,
welcome to new free trade-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
CHF/JPY: Daytrade-Preparation
Market-Buy: 116,600
Stop-Loss: 116,265
Target 1: 116,920
Target 2: 117,090
Target 3: 117,340
Stop-Loss: 34 pips
Risk: 0,5% - 1%
Risk-Reward: 2,30
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
CHFJPY - short biasedHi all traders,
This is my analysis for chfjpy.
I have pre-warn some of the levels for chfjpy.
Take extra note on those levels and may you have some pips out of it.
**Disclaimer: All trade ideas are of my own personal view**
Cheers!
CHFJPY - sell biasedHi all traders,
For CHFJPY , we can see that it has broken the trend line, im looking for more sell biased this pair.
Any buy will only happen if it break higher. But for now, i will only be sell biased for this pair till we see a momentum change.
Follow me on tradingview.
Like and share this trade idea with all your friends.
Have a nice day!
**Disclaimer: All trade ideas are of my own personal view. It's not a financial advice. Thanks!**
Cheers everyone!
CHF/JPY Technical Analysis
The counter has made a double top pattern at the highs.
It has broken a critical support level at 115.72, which validates the double top.
Hence, we expect the pair to be bearish in the short-term.
CHF/JPY SHORTMy bias on this pair is price will drop. however the risk i take is lower than normal as overall trend is still in an uptrend. But based on the price action on the most recent data, i see a potential drop on this pair.
CHF/JPY SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation for you. As always we need to wait for a confirmation!
CHF/JPY: Daytrade-Preparation
Note: Aggressive management as market is still choppy!
Sell-Limit: 117,330
Stop-Loss: 117,710
Target 1: 117,015
Target 2: 116,780
Target 3: 116,470
Stop-Loss: 38 pips
Risk: 0,5% - 1%
Risk-Reward: 2,31
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
chfjpy - bullish ascending triangleHi all traders,
For this pair, the breakout might happen this week, so keep an eagle eye on this.
Any retest of trend line , we should be good for upwards movement.
Im buy biased for this pair. Be careful of fakeout!!!
CHFJPY BEARISH WEDGEPrice is ought to break below this bearish pattern, heading further downward to the 109.750 terrain. This is a 700+ pip move!
CHFJPY - potential more upside for this pairMorning everyone!
Im looking at this trade idea for today.
Looking at it to potentially do a retracement downwards first before we see more upside to break the top.
Thank you!
Cheers and stay safe!
CHFJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CHF/JPY: short TRADE setup/parametersall in the chart
I have higher confidence than usual in this trade setup so I take higher risk (= larger position size) with this trade
as always, good luck!
CHFJPY - Preparing the double-shot for next week 🤓This is the first time I sharing the double-shot idea and hopefully it's going to reaching both of Taking Profit 😂 Let's dream together 😂
CHFJPY short trade idea (ROADMAP)a rising wedge pattern gives us a short market bias but we need more evidence before placing any sell order, wait for the price to breakout the support level 1!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CHFJPY, SELL on H1Below huge supply zone.
Wait for the price to create a double top and us 1st TP will be 113.35
CHFJPY SHORT IDEACHFJPY just reached the top of a channel and is forming a nice bearish candle indicationg a trend reversal. My SL is 30 pips and my TP is 80 pips,
