CHFJPY, Intraday trading plan, ShortJPY has a reversal to Strong side in Asian morning today, so most of JPY pairs will drop as well.
From our screener, CHFJPY has the best momentum to downside and here is the trading plan as shown in the chart for intraday strategy.
Moreover, Both MA in our Trend indicator shows Pink colors, it is in downtrend right now.
Normal, if the price touch the thinner MA, we can open Short order.
Chfjpyshort
CHFJPY - Potential short ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are still in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to go a little bit higher to take out liquidity above equal highs and to fulfill the imbalance and then to reject from 1H bearish order block.
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CHFJPYIs CHFJPY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 163.6 followed by 162.70
What you guys think of it
CHFJPY ⬇️ 540 pips trade .Hello Everyone 🙋🏽♂️
Sell order
🟢 161.600
🟢 159.000
🔴 166.600
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP
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Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
CHFJPY:10/10/2023:🔴Looking for a sell?
As you can see, the price hit the bearish order block and because of the market structure, we can expect the price to move down for collecting liquidity as sell side liquidity.
💡Wait for the update!
🗓10/10/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
CHFJPY I Potential Short from Resistance Welcome 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 – is this pretty picture tradeable?? … the week of 18/09These lines I drew make a pretty picture for sure 😊. But the big question is am I reading the price action correctly and are my expectations reasonable? We will find that out soon. My daily chart shows clearly how I read the movement in this pair so far and what I expect next. However, here are a few main points:
Triple top followed by a series of lower highs.
About 8 weeks of consolidation, higher prices not accepted by the market.
Price contained between a downward sloping trend line and a horizontal one at 164.00
A squeeze to the downside is in progress and IMO a breakout as shown will likely occur. I will be monitoring H4 and H1 charts to confirm if this does happen. Monitoring PA in other JPY crosses will also be useful.
A good level to target will be around the 160.00 area.
Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
What do you think about this trade idea? Please comment and share your thoughts!!
CHFJPY - Look for a short ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fulfill that huge imbalance higher and then to reject from bearish order block.
Like, comment and subscribe to be in touch with my content
CHFJPY I Expect to fall further toward next supportWelcome 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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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CHFJPY SELLWe maintain an overall bearish on cross JPY pairs. Though we missed an entry last week, there are premium sell opportunities we can exploit in the coming days. Once we have a second break, we will look for sell limit orders once the bullish correction move is complete. In the even the bearish move breaks lower then we either wait for a consolidation and a break or retracement and a break represented by the purple and orange arrows respectively.
CHFJPY SHORT SETUPCONFLUENCE
1. Major Down-Trend with another minor DOWNTREND.
2. Previous Daily Candlestick breaks the last 7 candles structure and last 2 swing low.
3. Swing Low Break of Structure on Daily Timeframe.
4. Order Block highs is the Swing High.
5. Order BLOCK created a very wide FVG/imbalance right beneath itself in cause of an "Order-Flow" which is pulling back price to the spot for a "SHORT".
6. A Strong Sell Side Order Flow in 2bars of the 4H Timeframe.
There are 2 possible entries here
First Possible Entry.
Entry: 164.825
SL: 165.175 (35pips)
TP: 163.230 (159pips)
Second Possible Entry.
Entry: 164.570
SL: 165.175 (60pips)
TP: 163.230 (134pips)
Is the Top In ?? Time For the Monthly Reversal ?This is a follow-up to the idea I presented last month regarding this pair being severely overbought on longer timeframes. The existing price action strongly suggests that a downward cycle is imminent. Here's my rationale.
In the past three weeks, each weekly candlestick has initially surged to new highs before experiencing a significant selloff in the second half of the week. The 166 level is proving to be a key High Time Frame (HTF) resistance level, with sellers ardently defending this level. See the chart below for the visual
When we look at the daily charts, reversal indicators become even more prominent. It appears we have now entered a distribution cycle , a sideways movement often seen following a long rally in price.
This cycle is more easily identifiable on shorter timeframes, but its appearance on a daily chart strongly points to an impending downward move.
The daily charts show the distribution trading range between 164.5 and 166.3. A decisive break and close beneath 164.5 would serve as a conservative entry point for traders.
Additionally, my TRFX indicator has just signaled its first daily sell alert in quite a while. This is a high-probability indicator for me and prompts my re-entry into the market.
There's a possibility for a minor rally up to the 165.5 level, but I anticipate a substantial sell-off to occur, targeting the 158.7 level which marked July's low.
This trade is expected to unfold in the weeks leading up to the next Bank of Japan (BOJ) meeting. The potential drop could provide an entry point for buyers eyeing another upward push.
However, given the extreme overbought conditions evident on the monthly charts and now we are approaching the last Quarter of the year, we might see a deeper correction down to the 150 level, a prior monthly high, which could spark profit taking over the coming months. This becomes more likely if the 158.7 level gives way.
I will hold this trade as the profit potential is huge and given the reasons above anyone buying at these highs should be very cautious as the higher timeframes looking to be pointing to large players positioning for a downward move.
Let's see how it unfolds.
CHFJPY Long Term Trading IdeaHello Traders
In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET
today NATGAS analysis 👆
🟢This Chart includes_ (NATGAS market update)
🟢What is The Next Opportunity on NATGAS Market
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
CHFJPY SELLHi, According to my analysis of CHF and JPY, there is a good selling opportunity. We note that the pair broke the support at the level of 164.590. With a very large red candle. It also broke the moving average 200. The price bounced from the area but was unable to breach it. A descending channel has formed, indicating that the market is for sale. Good luck everyone