Chfjpyidea
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
CHFJPY#CHFJPY Hello trader, I hope are good and safe. Today I opened the chart of #CHFJPY for 4 Hour and analyzed it then I see that this chart has made a DOWN TREND, So I hope #CHFJPY will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
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.
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
ChfJpy- To reverse from support?Like most Jpy pairs, November was a correction month also for ChfJpy(so far) and the pair dropped from its 125 recent high
An H&S pattern is pretty obvious on lower time frame charts, but in my opinion, this will not pay off.
A short dive under this H&S support is not out of the question, but in the medium term, my opinion is that we'll have a new leg up above 125
CHFJPYHere is the chart of CHFJPY
Last time we made 500+ pips and this time looking for one more bigger move approx 1000pips
reasons behind this trade :-
1: there is years of strong support
2: there is monthly support
3: index is going to show in weakness in upcoming days(my perspective)
4. We are going to take this trade of breakout
Thank you ❣️ peace
CHFJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
CHF/JPY New Short Setup After 4H Closure To Confirm The Setup !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
CHFJPY top-down analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.