CHFJPY ANALYSISchfjpy supported buy sloping moving average looking for bulish. confident about bulish.
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Chfjpyshort
CHFJPY amazing sell opportunityHello Traders, here is the full analysis for this pair.
Watch strong price action at the current levels for SELL. GOOD LUCK! Great SELL opportunity in CHFJPY ..
I still did my best and this is the most likely count for me at the moment ..
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CHFJPY: Is the Price COLLAPSING AGAIN? (Possible Scenario)Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
CHF/JPY
⚪ Technical Analysis :
Since December 2020, the price has been moving with a side trend, keeping the price between the resistance zone at about 118.000 and the support zone at about 116.200.
A couple of days ago it reached again the main resistance, failing the attempt to break the level and starting falling down with a strong downbar.
The price is currently showing us a possible bearish signal and the next daily session will be essential to understand properly the next market movement.
🔴 Conclusion :
The daily session closed with an interesting pinbar, the price is overbought and got a rejection on the support area.
I'm confident then, to see the price getting an upcoming bearish movement until its next support zone.
I'll be waiting the next h4 session before eventually start planning my short position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
[Market Breakdown 2] CHFJPYMONTHLY
Price is sitting at a Monthly high zone.
Very very strong Supply & Demand zone as you see, acting as resistance.
We did not break this level since February 2016.
Also nice -68 Fib completion which means a lot on the Monthly.
We are definitely interested in a Short set-up.
CHF/JPY to RetraceDue to the chaos caused in the markets this week by the Reddit group/Gamestop stock buying there have been big unexpected moves that have ruined some ideas on here. This is one of the lesser affected currency pairings as they are both safe haven currencies, but CHF is more so than JPY, that is why it moved in the direction it did.
From here we can expect this to retrace down to support to at least the 0.382 Fibonacci level which aligns with the previous resistance level. This could climb a bit higher before turning back, I have marked out the previous peak with the blue line, this is where this could reach before turning back but I expect it to turn back before this level. Wait for the confirmation of a pullback before entering the trade, use MACD and EMA's and 1HR timeframe to see a sign of a retrace before shorting.
CHFJPY CRASH ?As wee can see chfjpy rejected on fibo 0.618 which mean he will continuation to resistance area
and then we can waiting for rejection to entry sl with low risk
we still need a few confirmation to sell in that area
thankyou
CHF/JPY POTENTIAL SHORTWill watch the market on open and maybe place a trade during the London trading session. As always risk management and then move sl to break even when you've secured profit.
CHFJPY shortHello traders
so as we see the chfjpy will be falling as the analysis suggest
for quite some time now it has been ranging and respecting the trendchanel so for the upcoming week,
we also see that the 2 hour rsi and the macd are showing sign of selling strength so it all makes sense with our analysis.
it will be falling as the jpy rises and just like the pivot points will be suggesting we will be taking our tp1-3 on the giving values and our first wil be on the fibonacci level 61.8%.
Have an awsome week.
CHFJPY: A possible UPCOMING DOWNTREND! Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
CHF/JPY
⚪ Technical Analysis :
In the weekly time frame, since October 2019, the price has been moving following a clear uptrend, creating an interesting rising wedge pattern.
It has currently reached a strong resistance zone but overall we still have a bullish market.
In the daily time frame, on the 23th of November 2020, the price got a strong rejection on its dynamic support trendline and it moved up until the main resistance zone at about 117.200.
This level rejected the price many times and it's now approaching to re-test the same zone.
In the h4 time frame, as we can see in the chart, the price is moving with a clear side trend, bouncing up and down between the main support and resistance zone.
The next price action will be essential to understand if the resistance zone will reject the price.
🔴 Conclusion :
The price is currently following an interesting side trend and I'm confident to see an upcoming downtrend until the next support zone.
I'll be waiting for the next session before planning my short position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
CHF/JPY SELLThe market has been ranging since December 2020. In which the price failed to break above the major resistance level (shown by the green square) multiple times since 2016, making it highly unlikely for the price to break this level.
Due to the possible double bottom being formed I expect the price to test the major resistance level, then fall until it reaches the monthly support level shown by the yellow square.
CHF/JPY Time to ShortIt is a good time to short this, it has reached resistance and is ranging in a channel.
CHF/JPY good Sell opportunity chf jpy is rejected and respected the major resistance multiple times and market now is back at strong resistance zone after breaking trend line resistance and looks bearish momentum
enter short at that zone and apply your own money management
Patience is the Key
CHFJPY Falling From Here...Currently, we are seeing a doji candle at the resistance level @116.55. I am expecting tomorrow's candle to be strong enough to engulf this doji candle brining CHFJPY towards the downside. As we can see 117.62 resistance level is still strong with price rejection at that level. This also formed a double top pattern giving us additional BEARISH signs. I have identified the demand zone where I potentially see price testing this zone.
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CHF/JPY has met resistanceCHF/JPY is at historical big resistance so do not expect this to break it. This past week it has rejected off this resistance and I would expect it to continue down to test the daily support at 116.20. JPY is very strong at the moment so it could easily break this support. Short term target is 0.5 Fib which is 115.765. Longer term target could see this retest previous resistance around 114 level. In the past when it has rejected this level it has fallen to 109-107.
CHFJPY - Buying Potential I want to see how this pair rejects this minor timeframe order block before I consider a buy position. If it continue to reject nicely I will look to target the prior high as illustrated.
CHFJPY ShortAnticipating price to come for equal lows at the 116.40 institutional level and head down to my propulsion block (PB) as shown in the chart before considering going bullish.
The Best "Safe Haven" trade of 2021 (and beyond?)!!( Because it will be need!! )
... and the hands-down, no-contest winner is: The Japanese Yen - and it's denominated securities.
Ohh, just off of the top of one's head;
... and just how many more clues does one require??... For real.
