Chfjpysignals
#CHFJPY 2HOn the 2-hour chart for #CHFJPY, the price is currently moving within a well-defined channel pattern, suggesting a potential breakout or breakdown scenario. Traders should prepare for both directions, with opportunities to either buy or sell depending on how the market reacts to key levels.
Key Insights:
1. Channel Pattern: The price is fluctuating between a clear support and resistance level, forming a horizontal or slightly sloping channel. This indicates market indecision, with buyers and sellers battling for control.
2. Breakout Scenario (Buy):
- If the price breaks above the upper resistance of the channel with strong momentum, it signals the start of a bullish move.
- Traders should look to enter buy positions after a confirmed breakout, ideally with increased volume, to validate the upward movement.
3. Breakdown Scenario (Sell):
- Conversely, if the price breaks below the lower support of the channel, it points to a bearish shift.
A breakdown would signal a good opportunity for sell positions, especially if supported by rising selling volume and momentum.
4. Volume Confirmation: Pay close attention to trading volume, as significant increases during a breakout or breakdown will strengthen the validity of the move.
5. Stop-Loss Considerations:
- For the breakout (buy), place a stop loss just below the resistance level (now turned support) to manage risk in case of a false breakout.
- For the breakdown (sell), place a stop loss above the broken support (now turned resistance) or the latest swing high.
Trading Strategy:
Entry:
Buy if the price breaks out above resistance.
Sell if the price breaks down below support.
Take Profit: Set take-profit levels according to key resistance zones (in the case of a buy) or support zones (in the case of a sell).
Stop Loss: Set stop losses above resistance for a sell trade or below support for a buy trade to minimize risk.
This technical analysis provides a flexible strategy for trading #CHFJPY on the 2-hour timeframe, allowing traders to react to either a bullish breakout or bearish breakdown from the channel pattern.
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Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 1H timeframe
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CHFJPY Sell-off to be extended.The CHFJPY pair has been trading within a Channel Down pattern since the July 11 High and has currently already started the new Bearish Leg, having failed to break above the 1D MA50 (blue trend-line). Until it does, the trend will remain bearish.
This Leg targets the 1W MA100 (red trend-line) and our Target is 161.500. We will swift to buying again after the CCI prints two straight Higher Lows, similar to August 05 and April 02, but we will update when the time comes.
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CHF/JPY "SWISSIE" Bank Robbery Plan on Bullish DirectionDear Robbers / Money Makers & Losers,
This is our master plan to Heist CHF/JPY "SWISSIE" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 1h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
CHFJPY Bank Bearish Robbery PlanMy Dear Robbers / Traders,
This is our master plan to Heist CHFJPY Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 3h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
CHFJPY Bank Bullish Robbery Plan To Make MoneyMy Dear Robbers / Traders,
This is our master plan to Heist CHFJPY bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday
CHFJPY Channel Up resuming towards 189.000The CHFJPY pair is about to end a short-term consolidation, which seems to be symmetrical with the first week of May 2023. The long-term pattern is a Channel Up since December 2022 and the Higher High on that sequence was priced on the 3.0 Fibonacci extension.
As you can see the 1D RSI sequences between the two Bullish Legs fractals are very similar and we are currently on a bounce formation similar to the May 11 2023 bottom. Our long-term Target is 189.000 (just below the 3.0 Fibonacci extension).
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CHFJPY Sell opportunity.The CHFJPY pair is trading on a Falling Wedge pattern, which every time it formed within the long-term Channel Up, it was followed by a sharp decline. The last one hit the 1D MA200 (orange trend-line), which has so far held twice, rendering it the new Support level.
Notice that all those tops, had a similar 1D MACD structure. As a result, we turn bearish on the short-term on CHFJPY, targetng 169.000 (1D MA200).
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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DeGRAM | CHFJPY potential long after the retracementCHFJPY is making higher highs and higher closes, indicating a bullish trend.
The market broke and closed above the 169.000 psychological level, which became support.
We expect a retracement and bullishness following a retest of the major resistance level.
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CHFJPYQuick one on CHFJPY --- Monday will be the start of a new month 1st of April 2024, new monthly candle will form and i'm expecting two things..
for my buys i will wait until there's a break and close above $167.993 and my entry will be executed for a target towards $168.733 area.
for my sells i'm expecting the price to drop below 167.570 area break and close below and my entry will be executed for a target towards $167.185 area.
CHFJPY Hit the 1D MA200 after 1 year!The CHFJPY pair almost hit the 172.500 Target that we set on our previous call (December 19 2023, see chart below):
Since then it has pulled back significantly, giving rise to a new Channel Up pattern. The major development is that it is about to touch the 1D MA200 (orange trend-line) for the first time since April 06 2023.
We are prepared to buy after it breaks, at the bottom (Higher Lows trend-line) of the Channel Up, or if the 1D RSI hits the bottom of its Channel Down first, and target the Higher Highs at 173.500.
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CHFJPY : Short Trade , 4hHello traders, we want to check the CHFJPY chart. The general trend of the market is bearish and the price has pulled back to the specified resistance level. We expect this level to maintain the downward trend of the price and the price will fall to around 167,900. Good luck.
DeGRAM | CHFJPY potential sell after the retracementCHFJPY is decelerating at the resistance level. It created a double top.
The market essentially made a false breakout of the psychological level of 171.000.
The market created divergence on the 4-hourly chart, meaning we might see a sharp bearish move.
We expect a bearish move that could potentially breakout the ascending channel.
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DeGRAM | CHFJPY selling opportunity from confluenceCHFJPY is testing the descending channel and where the price made a sharp move from.
The market is getting close to the confluence zone, dynamic resistance, a fibo level, a psychological level of 169.000, and a bearish harmonic pattern.
The price is likely to rebound from resistance and go down.
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CHFJPY Breaking above the 1D MA50 and confirming the buy.The CHFJPY pair hit our 169.100 bullish target, after the 1D MA50 (blue trend-line) held, as presented on our November 06 call (see chart below):
The current Bullish Megaphone that it has been trading in, has been very consistent. The recent Higher Low was made on the 0.786 Fibonacci retracement level such as the October 03. That was the first buy signal but now that the price is breaking above the 1D MA50 (needs to also close the candle above), we have the confirmation. On top of that, the 1D MACD is about to form a Bullish Cross.
The previous Higher High was priced exactly on the -0.236 Fibonacci extension so as a result we will target the new -0.236 Fib at 172.500.
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CHFJPY Low risk trades on the 1D MA50 closing.The CHFJPY pair is trading within a Bullish Megaphone for almost 4 months (since July 12) and is on a rebound on the 1D MA50 (blue trend-line). Technically it priced the Higher High of the Megaphone 2 weeks ago so this should be the bearish leg towards its bottom (Higher Lows trend-line). Especially since the 1D MA100 (green trend-line) broke last month for the first time since March 29th, the trend should start shifting more towards bearish on the long-term.
Since however our focus is more on the short/ medium-term, we will continue to take it a step at a time and as long as the price is closing above the 1D MA50, we will be bullish, targeting the top of the Megaphone again at 169.100. If however we get a 1D candle close below the 1D MA50, we will take the loss and sell instead, targeting the 0.786 Fibonacci retracement level (where the previous Higher Low was priced) at 161.900. Note that the 1D MACD is currently on a Bearish Cross, which favors selling. Still, our trading plan a low risk and high return approach.
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CHF/JPY Sell Idea 26/10/23Trade Details
Sell Limit
Entry: 167.863
Take Profit 1: 167.652
Take Profit 2: 167.218
Take Profit 3:
Stop Loss: 167.980
Key Notes
Order flow: Bearish
Trend: Bearish
Structure: Broken
Entry at order block / supply
Disclaimer:
This is just a sample template and should not be used as financial advice. Always do your own research before making any trading decisions.