CHFJPY inverse HSas the title says, an inverse shoulder head shoulder formation can occur here.
Most trades this after breaking the neckline, but I think it is more interesting to grab this opportunity before with the Fibonacci level.
Chfjpylong
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
CHFJPYA wave of correction is evident in the time frame of 4 hours of positive divergence I predict the price will correct 50% of the previous fall to prepare for the fall again
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.
chfjpyCHFJPY - Rejected the structure and WFB as we said , running over 80 pips, you can enter again by breaking the black trendline , look at the link below
CHFJPY Trendline Test UnderwayIn this update we review price action in the CHFJPY identifying a high probability trading strategy
CHFJPY BUY AREA NOWWe have reached a strong area where I will expect to see price rally to the upside, 4H rejection candle… let’s see where we go, 1% risked
CHFJPY | BUY CALLCHFJPY after making a swing high, correct itself to fib level 0.236(123.629).
One can attempt to buy here
Buy: 123.620 - 123.800
SL: 123.380
TP: 124.500
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.
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.
CHF/JPY - LONGThe last part of the final run before I personally look for short's. This is in the red zone for me but fully accept the 1% risk on the table if we were to go earlier, at the moment I am looking for a completion of the expanding and larger structure which is a nice 3% short term move.
Positives:
- Clear structure
- bullish candle pattern
- Clear middle section to structure
- Stop protection
Let's see how this one plays out.
CHFJPY - Looking for a bounce off 123.300 DEAD from support zoneHi everyone!
I am looking at a support zone entry for this pair.
CHFJPY
BUY LIMIT @ 123.300
Stop Loss: 123.255 (Add Spread)
TP 1 (1R): 123.344 (Stop Loss→Break-Even / Scale-In)
TP 2 (3R): 123.432 (20%)
TP 3 (5R): 123.520 (20%)
TP 4 (10R): 123.741 (20%)
Reason: Although i am anticipating price forming an accumulation schematic in this area, i can see reasons for price to travel low, I'm looking for a spring to the area marked. At the least we should see a reasonable reaction from the level. i will only really be entering if i first see a valid schematic forming first.
CHFJPY Bullish SequenceIn this update we review the bullish sequence in CHFJPY and identify some high probability trade locations
Dump confirmed for CHFJPYThe yen pairs across the board took a dump in the markets this week, ending the multiple week bull run. We should see farther downside action from here but the road will be bumpy.
BEAR CASE
The market should give us another move down after a short term upward correction early next week. We're targeting 123.5 before we consolidate and think of our next move
CHFJPY GET READY FOR THE "ALL TIME HIGH" ??This is my personal perspective about CHFJPY using WYCKOFF accumulation method, CHFJPY potentially entering end of phase D accumulation, last important support was 116.900 (SL max)
Obvious pattern forming for CHFJPYThe CHFJPY is looking to test the top of a channel which coincides with the 61.8 Fib retracement. This looks like a juicy level to go for a short.
BEAR CASE
We will wait for price to retest 125 before going in for a short
BULL CASE
Be extremely careful that the structure might be broken. If this plays out, we will wait and see what price does next.
AUDCHFAudchf has left its descending trendline and now is above its support point. The next target is on the chart
CHF JPY LongThe Bullish trend is expected to continue as there still appears to be buying pressure here.
Long strategy would be advised.
As we are observing serious higher highs stop loss levels should be rational.
CHF/JPY Analysis It Will Head DownwardWelcome back!
Please support this idea with a LIKE and COMMENT if you find it useful.
*****
In the current bullish impulse, it is now due for a correction and showing rejection at previous daily resistance. We expect it to head downward.
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH
