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Chfjpysignals

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. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
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. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
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.
Short
by dinomalik
2
CHFJPY One break-out and one pull-back buy level.The CHFJPY pair has done brilliantly since our last analysis, giving a perfect sell and then rebound at the bottom of the Channel Up: Right now the price is approaching the top of the Channel so it is best that buy profit is taken. A break above the Higher Highs trend-line of the pattern at 138.500 would be a buy continuation signal. If rejected though, it is best to wait and buy again closer to the Higher Lows (bottom) trend-line of the Channel Up. In either case, our Target is the -0.5 Fibonacci extension, which is currently around 144.440. As this chart shows, the -0.5 Fib has been the Higher High target since 2021. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
1
CHFJPY | Perspective for the new week With the significant growth of 10% since February 2022; the Swiss franc can be said to be the dominant currency during the first quarter of 2022. We have two scenarios to work with as the possibility that a trend continuation to the upside is feasible and at the same time there is a possibility that a breakdown of the key level at the 132 area could be a consequence of the reversal pattern identified on the daily time frame which might incite a retracement wave into the buy opportunity zone at around 128 where we shall be looking forward to the beginning of new bullish momentum. 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.
by darcsherry
2
CHFJPY Correction ahead.The CHFJPY pair has been on a strong rally that smashed through our target on the last analysis: Right now the price formed a new Channel Up, remaining within a Fibonacci Channel where it broke above the 1.5 Fib extension and almost reached as high as the 2.0. However with the RSI hitting its October 20 2021 Resistance and the MACD forming a Bearish Cross, we have a strong set of indicators pointing towards a pull-back similar to June 2021 and August 2020. On both of those correction phases, the price pulled-back to at least the 0.5 Fibonacci retracement level. Currently that is on 126.565. It might make contact with the 1D MA200 (orange trend-line) there. If broken, the last Support is the 0.618 Fib at 124.455. After that correction we expect the pair to continue its long-term bullish trend. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
4
CHFJPY | New PerspectiveQuick one! Similar scenario with what we have on the EURJPY... It seems to me that the Japanese yen is getting some traction with the fresh new month hence it's worth considering other JPY pairs for opportunities. 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.
Short
by darcsherry
CHFJPY | New PerspectiveIt has been strong bullish momentum in the last couple of weeks and it appears we might be heading for a retracement in anticipation of a trend continuation to the upside. In this regard, we are hoping to take advantage of a counter-trend opportunity if it finally happens. A reversal pattern is identified on the 1H time frame and a signal is confirmed considering the broken neckline. At this juncture, it is advisable that we wait and see how the price reacts to the neckline. 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.
Short
by darcsherry
CHFJPY BULL'S ARE IN CONTROLL! {10/02/2022}Educational Analysis says CHFJPY may go LONG. According to my technical. This is not an entry signal. I have no concern with your profit and loss from this analysis. Why long? On 4HR AND 1HR timeframe pair is making HIGHER HIGH AND HIGHER LOWS. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS HOW TO TAKE ENTRY ON THIS? On 15 min timeframe, pair broke the small trendline and price push towards also pair is making higher high and higher lows, confirmation also broken the previous resistance. ENTRY :- 125.162 STOP LOSS:- 124.890 TAKE PROFIT :- 125.590
Long
by VishalBudhrani
CHFJPY Buy SignalPattern: Channel Up on the 1D time-frame since early 2020. Signal: Buy as long as the 1D MA150 (red trend-line) is supporting. Before the September market bottom (Higher Low), the 1D MA150 has been in Support for 1 year and 100 days. A MACD Bullish Cross should confirm the rise. Target: 128.000 (just below the 3.5 Fibonacci extension as every extension has made a Higher High on the Channel Up since its beginning). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
2
CHF/JPY AnalysisWe can easily expect the creation of a higher high Monthly: We have an impulse and correction respecting precious resistance now turn support. When we have an impulse and correction we can definitely expect another impulse. Weekly: In weekly we have an impulse correction pattern. Also price is respecting .50 fibonacci level. We could expect a creation of a higher high at least to the price of 126.435. Daily: The price is in a consolidation period. The price is most likely creating liquidity before the continuation to the upside. We can definitely expect more continuation according to our multi-time frame analysis.
Long
by Wiiso
2
CHFJPY | Perspective for the new week | Follow-up detailsWith over 60pips in our direction since my last publication on this pair (see link below for reference purposes), I am expecting that the retracement phase will push into a 50, 61.8 or 78.6% retracement before the trend continuation begins. So, if you are not in the bearish train you still have a minimum of 150pips to catch before the buyers find a good price! Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline | Retracement | Harmonic move (AB=CD) expectations Observation: i. This is going to be a follow up on my last speculation on this pair as it appears that the retracement of the Impulse leg identified as finally taken course and we are looking at the Key level (JY121.000) area for reversal set-ups. ii. The visual representation of a line drawn under pivot lows on the weekly chart reveals the prevailing direction and speed of price action since September 2019. iii. And after considering the long term bullish perspective in this market, it is appropriate that we remain a little more patient for buying opportunity after the exhaustion of the correction phase after which we can look forward to a possible harmonic move (AB = CD pattern) with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is expected to fall within 50 to 78.6% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B @ JY128.000 area.. iv. So, while we wait for buying opportunity; the counter-trend in the guise of a retracement could be a risk worth taking (see link below for my previous analysis supporting a bearish bias)... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 500 pips. Risk/Reward : 1:5 Potential Duration: 10 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. 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.
Long
by darcsherry
1