Chfjpyprediction
CHFJPY I Trading plan for 2024 ahead of BOJ Policy RateWelcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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CHFJPY long 6hHello, my dear friends and fellow traders. What we are going to look at today is the CHF/JPY currency pair.
Well, this stock has a bearish trend in the higher time frame, and it is currently trading in a sharp decline. But it has reached a support level in the sharp decline and is unable to break it.
So, the price of this pair is showing a slight uptick. At this situation it is a good idea to take a long position in this space and expect a profit ratio of 1:3.
Currently the buyers are more likely to jump into this currency pair.
It is wise to follow your risk management before taking entry.
I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways.
Thanks & regards,
Alpha Trading Station
FOREXCOM:CHFJPY
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
JPY strength ahead during the reminder of 2022: PLANhello, good day to all readers and traders,
Core approach: JPY to strengthen much during H2/2022
Instrument: CHF/JPY FX_IDC:CHFJPY
trade type: POSITIONAL
duration: H2/2022
ingredients: bias, plan and PATIENCE
strategy with CHF/JPY: selling on weekly basis as long > 140 without going too "crazy" with the use of leverage.
simplicity is the core of this positional setup.
Personally, I trade this as a major theme, with various JPY pairs and crosses. with clear and predefined levels.
in case you are interested to trade the 'JPY to get much stronger during H2/2022' theme with various instruments, feel free to contact me and we will manage to generate a PLAN that includes multi asset approach (== OPTIONS) in addition to the FX spot market to cover risk exposure.
good luck 🤞
CHFJPY (4HR)Hello, for next week I want to see CJ move to the 140.00 price range then hit the -27.00% former structure fib level and within new fib structure fib level of -61.80%, after hitting that point I expect a reversal as there is also divergence. although divergence on higher time frames can take some time to play out, Also basing on market structure we ae still in an overall bullish move until we see a proper break and retest you can enter for a sell but for now we are riding till 140.00 have all your confluences met before entering a trade.
Jesus loves you<3
CHFJPY(MONTHLY)Hello, this is my analysis for CJ, currently we are in a continuation phase as the continuation phase is always the same as the impulse, as the market moves in three ways, impulse, correction, continuation. More so, price is making a higher point than he previous high. Overall this a bullish movement, although am spotting some divergence, but keep in mind divergence on higher time frames can take some time to form. But I want to see CJ break the above zone and push up to TP2 -27.00% Fib level as TP 1has already been hit. so overall I want to see CJ move up to 143.000 mark although this may take some time.
JESUS CHRIST LOVES YOU<3
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
CHFJPY bearish for 118.50 target #CHFJPY, JPY one year bearish extreme position. 13k shorts removed by professionals by last three weeks. chf one and five year bullish extreme positions suspect weakness ahead. 6k long removed in chf by last four weeks. 12% long removed chf bylast four weeks. 111.70 and 120.25 supply zone for short. stop loss above 120.70 i.e 120.80. Target 118.50
CHFJPY BEARISH FORMATION !As we can see chfjpy has hit Demand area
and also we see the corrective movements from chfjpy
i expect chfjpy will go down to test his support as well
we still waiting for bearish flag on lower timeframe (15 minutes - 1H) to find confirmation
however this scenario can be fail if chfjpy broke resistance
set your own risk
and dont forget to wait for confirmation
CHFJPY : Clearish Channel in HistoryCHFJPY Current structure displays a bullish channel. If/when the formation breaks, price will break out. Price is making higher highs and higher lows. Setting the SL below previous low, which will indicate a weakening trend. Otherwise, we ride it up to 115.120 level.
Thanks for reading and much success!
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- StampsFX