CHF/JPY - double breakout to the upside - exceptionally bullishCHF/JPY looks like it could be providing a decent opportunity to enter long based on the current technical analysis and price action.
Price broke out from a weekly descending trend channel in Late-July suggesting that the downwards trend is coming to an end, at least in the short term.
With our overall bullish bias, price has also now broken from a daily ascending trend channel to the upside. We have waited for a pullback and retest of the daily ascending trend zone before taking a long position, with an initial TP1 of 117.56. If price closes back below the trend zone we will look to close the position.
Chfjpylong
CHF/JPY Update +200 Pips CHF/JPY Update +200 Pips
New Setup Is Available
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
CHF/JPY going higher💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
CHF/JPY is in uptrend and we believe price will go up to search for first key resistance area .
Let us know what you think about this idea.
Trade safe !
Possible bullish price movement for CHF/JPY💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
CHF/JPY has been in uptrend for a while. Price has been inside this ascending channel since early May. Now price is approached support line of this channel and we believe price is going to go higher for new highs.
Let us know what you think about this idea.
Trade safe !
CHFJPY Bullish Potential....Up to 400pips target!!!CHFJPY has broke out its 114.45 resistance level which now turns into a rather important strong support level for CHFJPY. Looking at bollinger bands we can see it travelling down to the middle band which I believe will be the level of rejection as current price level is retesting the broken resistance level and could potentially give us a good movement to the upside. Next crucial level will be 118 price level resistance level which we have previously see several rejections at the level. Also, from a fibonacci extension point of view 161.8 fib level will be a level to watch. Therefore, there will be slight resistance pressure when we approach closer to 161.8 fib level and resistance level @118 price level. As of now, I see a good BULLISH trade opportunity.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
CHFJPY Breakout possibility, 114.65 is the keyCHFJPY is creating Lower Lows(LLs) on each successive dip. So far, the resistance level of 114.65 is intact. However looking at the structure, the possibility of a breakout is increasing. Sellers must be careful here.
A breakout beyond the 114.65 level will be a strong buy signal with 118 as the target.
CHFJPY BROKE OUT OF WEDGEHello traders!
Markets were ranging whole previous week and because of that i haven’t posted any setups. CHFJPY finally broke out of descending wedge formation and we can expect a move to the upside to the top of formation.
If you like the idea and find it helpful please press like 👍 and feel free to leave a comment bellow. Thank you