DeGRAM | CHFJPY selling opportunityCHFJPY is trading in the descending channel on the 4H timeframe.
The market is testing the resistance level (swing zone) and dynamic resistance.
Price action is printing lower lows and lower close indicating bears are in control.
The price is likely to test the support level .
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Chfjpysignals
CHFJPY Bearish long-term within a Channel Down.The CHFJPY pair finally hit our 1D MA200 (orange trend-line) sell target as suggested by the previous analysis two months ago (November 07):
By doing so, it has turned bearish long-term by forming a Channel Down pattern. There is an internal Lower Highs trend-line involved (dotted) and if broken (along with the 0.236 Fibonacci), we expect the price to test the 1D MA50 (blue trend-line) and seek direction on the 1D MA100 (green trend-line), which has been its long-term Support during the October 08 2021 - November 11 2022 uptrend. A rejection there maintains the downtrend and targets the bottom of the Channel Down and 1W MA50 (red trend-line).
A break above the Channel Down invalidates the pattern. A break below the Higher Lows trend-line (since the September 20 2021 Low) targets the lower Fibs long-term (0.5 through 0.786) in succession, which as you see formed strong pressure zones during the uptrend.
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CHFJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
20 Reasons for sell CHFJPY MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: The trend is Super bullish and also taps the highest Ob or resistance so that a reversal can start now-massive volume at the last 12-month candle sign, an execution volume sign of long deep retracement or correction
Monthly: Last strong Bull move hit its target successfully, and now a deep correction is coming. The correction level is some whare 123.00, about 61% of the total move, because there is no FVG or Ob and other support.
Weekly: A lot of liquidity grabs and long wicks bears candle appeared on the top, make back to back higher lows since the last 10 weeks
SUMMARY
1 Structure analysis time frame: D1 a rectangle is formatted most probably lower trend line will breaks and prices will go done
2 target time frame: daily
3 Current Move: impulse
4 Entry Time Frame: H4
4.1 Entry TF Structure: bear
4.2 entry move: impulse
5 Support resistance base: h4 ob tap
6 FIB:
7-candle Pattern: Narrow range
8 Chart Pattern: head and shoulder
9 Volume: extremely high volume at the consolidation phase. It's strange and unusual. It means if the price may go down, it will be so sharp and perpendicular
10 Momentum UNCONVENTIONAL Rsi: super bearzone start
11 Volatility measure Bollinger bands: Walking on the band
12-strength ADX: bear
13 Sentiment ROC: JPY is weaker than CHF. This is not favorable but let see
14 final comments: wait till the lower trend line breakout immediately enter after the breakout
15: decision: sell
16 Entry: 144.785
17 Stop losel:146.345
18 Take profit: 134.55
19 Risk to reward Ratio:1:7
20 Excepted Duration: 15 days
CHFJPY Undecided around the 1D MA50.The CHFJPY pair has been trading on one of the most consistent patterns of the last 12 months as we accurately outlined on our last analysis in mid September:
Once again the signal played out as it pulled-back as low as the 0.5 Fibonacci retracement level and then the price has been trading sideways ever since. The 1D RSI has again formed Lower Highs but this time the MACD on the 1W time-frame is on a confirmed Bearish Cross.
As a result, we are only willing to approach this with break-outs. A 1D closing below the 1D MA100 (green trend-line), would be a sell break-out signal targeting the 1D MA200 (orange trend-line), while one above the 1D RSI Lower Highs and the price's 150.700 Resistance, would be a buy break-out signal targeting the 2022 Higher Highs trend-line.
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CHFJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
CHFJPY | Perspective for the new week | Follow-up detailsThis is a follow-up video to my previous analysis on the CHFJPY where we were able to close last week with about 130pips profit as the Yen continues to gain traction. So, after testing its highest point since 1980 - just right above the 151.00 area last week, the price has continued to find lower lows and lower highs. Will the BoJ's intervention continue to have a positive impact on the Yen in the coming week(s)?
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
DeGRAM | CHFJPY support became a resistanceCHFJPY moved out of the channel and is pulling back to test its border.
The market is consolidating following a sell-off on the higher timeframe.
We expect further consolidation until new trend is confirmed.
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CHFJPY | Perspective for the new week | Follow-up detailsAfter testing its highest point since 1980 - just right above the 151.00 area last week, the CHFJPY lost over 600 pips to signal a risk of further decline as projected in my previous analysis on this pair (see link below for reference purposes). Will the BoJ's intervention in the FX market signal a boost for the Yen in the coming week(s)? This video illustrates the trading option I am looking forward to in the coming week(s).
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
CHFJPY Potential Selling Opportunity!Hello Traders,
In this week's trading session we will be monitoring CHFJPY for a Sell opportunity in and around 146.200 trend break area. Once we get a bearish confirmation the trade will be executed and shared with our premium members .
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CHFJPY | Perspective for the new week A successful breakout of the supply zone at the 144.00 area at the beginning of this month incited a strong bullish momentum. However, the character of the price movement during the course of last week's trading session insinuates a possible decline in the momentum as the reversal pattern evolves after multiple rejections of the 150.600 area. In this video, I have illustrated how I intend to trade the CHFJPY in the coming week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
CHFJPY One of the most consistent signals of the past 12 months.The CHFJPY pair has been pulling back after the September 13 High, following the impressive rally since the August 02 low. This pull-back is taking place after the 1D RSI broke the 80.00 heavily overbought barrier.
On this 1D chart, you may notice that especially since October 20, 2021, every time the 1D RSI got heavily reversed upon breaking the 70.00 level, the pair pulled-back. Out of the 5 times that happened in total, in 2 occasions it hit the 0.382 Fibonacci retracement level, and in the other 3 in broke even below the 0.618 Fib.
As a result, it is highly likely to see this pattern repeating. The 0.382 Fib is the highly probable target and is at 145.600 (where is should hit the 1D MA50 (blue trend-line) in the process), while the 0.618 is at 142.500 (where it could make contact with the 1D MA100 (green trend-line)). If you are a medium-term, swing trader, this is one of the most consistent trades you can take at the moment.
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CHFJPY is in buy zone!!CHFJPY (4h) has formed a strong bullish price action. there has been double Doji with a wickless bullish engulfer. As the long-term trend is bullish, the price currently tests this important liquidity zone as support and getting rejected. A buy trade is highly probable.
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CHFJPY | Perspective for the new week | Follow-up detailsThe JPY still remains the weakest of the major currencies, and that has helped to propel the Swiss franc higher as well. However, from a technical perspective; the appearance of multiple rejections of the 142.200 which shares a confluence with the resistance level of the descending channel identified on the higher time frame. So, I am still leaning towards a bearish bias on this pair.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
CHFJPY | New PerspectiveThe JPY is the weakest of the major currencies, and that has helped to propel the Swiss franc higher as well. However, from a technical perspective; a breakdown of the ascending channel identified on the 4H time frame, are we going to be seeing a downtrend continuation this week?
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
CHFJPY excellent short-term sell opportunityThe CHFJPY pair has been trading within a Channel Down since the June 29 High being at the moment near its Lower Highs (top) trend-line. This is an ideal sell opportunity on a tight SL targeting the 1D MA100 (green trend-line), which has been the MA support since the October 08 2021 break-out.
As a result only a closing below it, can justify further selling, in which case the target will be either the 1D MA200 (orange trend-line) or the September 20 2021 Higher lows trend-line. Until then, expect trading within the Channel Down. On a side-note, there are increasing bias towards a longer-term bearish trend, as the RSI on the 1W time-frame, has been on Lower Highs since its April 25 High, indicating a potential trend change.
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CHFJPY Testing the May's Higher LowsThe CHFJPY pair continues to be on a heavily bullish trend since the start of the year. The pull-back since the June 29 High, hit on Friday the Higher Lows trend-line (1) that started in May and is so far holding. As long as it does, the short-term trend is bullish towards the 2.5 Fibonacci extension and 146.000.
A break below the Higher Lows (1) should immediately aim the 1D MA50 (blue trend-line), which is the medium-term Support. Closing below that level, initiates a much needed correction to the 1D MA200 (orange trend-line), which is untouched since October 01 2021.
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CHFJPY - Sell - Head & Shoulders PatternCHFJPY Sell - Head & Shoulders pattern has formed with price having broken neckline and at a level where it is re-testing neckline which makes it a higher probability set up.At present price seems to be reacting to neckline.
Entry: 140.000
Just at the neck line
Stop Loss. 140.823
Above the neckline and at above recent support resistance area. If price takes out this stop, can look for re-entry if setup is still valid.
TP: 136.845
I have set various key levels to take profit, the last take profit being at a level which meets a recent area of support and also in the zone of the distance between head and neckline.
04/July/2022 - CHFJPY Going DOWN!Hello Traders,
I am seeing a beautiful reversal on CHFJPY 1Hour Timeframe. You can easily identify a breakout structure happened. It's clean and easy to find. You jump on the 5 minute timeframe and find a perfect entry. You can easily achieve 1:5 Risk to reward ratio on this trade.
Do let me know your thought about the setup?
Best
Om