CHFJPY Set To Grow! BUY!
My dear followers,
I analysed this chart on CHFJPY and concluded the following:
The market is trading on 170.53 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 170.98
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
JPY (Japanese Yen)
CHF/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
The BB upper band is nearby so CHF-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 166.712.
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⚡️Strifor || USDCHF-18/01/2024Preferred direction: Neutral
Comment: For this instrument, we recently closed our growth target with a profit, but this growth potential is most likely not exhausted. Further growth is expected towards resistance 0.87757 . Here is our first and main scenario for the upcoming sale. Scenario №1 on the chart is the most likely, and it should even be said that the price may turn around this level without reaching it.
A less likely option, very aggressive on the part of the current limit buyer, is scenario №2 . Sell from the level of 0.89032 . In both options, the downside target is located at the level of 0.85696.
Thank you for like and share your views!
CHFJPYIs CHFJPY exhausting at strong resistance level?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 170.40 followed by 169.
What you guys think of it?
CHFJPY H4 | Falling to 23.6% Fibo supportCHF/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 169.142 which is a pullback support that aligns close to the 23.6% Fibonacci retracement level.
Stop loss is at 167.923 which is a level that aligns with the 38.2% Fibonacci retracement level and sits under a pullback support.
Take profit is at 170.889 which is a pullback resistance.
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⚡️CHFJPY CMC TRADING ⚡️ RISING WEDGE PATTERNCHFJPY has recently formed a rising wedge pattern, and there is now a breakout occurring at the lower boundary. This breakout is anticipated to lead to the formation of a corrective leg, with the potential for a retracement back towards the 50% level of the current bullish trend. Additionally, the 50% level aligns with a significant key zone, providing a compelling reason for considering a short entry.
CHFJPY Price is currently in a 4H Uptrend channelCHFJPY Price is currently in a 4H Uptrend channel. It is hovering near the 170.000 psychological level, as well as the 4H Demand.
I will be looking for entries the moment price taps into the 4H Demand and forms a bullish rejection at 169.300 - 169.600.
I expect price to continue heading its way upwards to the 172.000 psychological level, following the channel.
CHFJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. My point of interest is if price rejects from bullish order block + institutional mid figure 169.500.
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CHFJPY Massive Short! SELL!
My dear friends,
My technical analysis for CHFJPY is below:
The market is trading on 170.94 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 169.87
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
CHFJPYCHFJPY price is in the important resistance zone. 169.81-170.42 If the price cannot break through the 170.42 level, it is expected that there is a chance that the price will reverse to the downside. Consider selling in the red zone.
>>GooD Luck 😊
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CHFJPY: The rally has only just startedCHFJPY is technically bullish on its 1D timeframe (RSI = 60.353, MACD = 0.670, ADX = 36.092) but the picture is more efficiently depicted on the 1W chart where it has already completed three straight green weeks. The 1W RSI points to a multimonth rally comparable to those that started in May 2022 and March 2023. Both peaked at a little over +18.00%. This time though the price is already near the top of the Channel Up so we will wait for it to break and validate the rally bias (TP = 185.000).
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Major Correction Looms for Key CHF Pairs, Big Moves Ahead?I've been keeping an eye on this pair for some time now, especially since it broke down and stayed below the long-term range set after the 2015 crash.
We're now nearing an important point - the 2015 depeg low, which might vary based on your broker. In my experience, Forex.com offers more reliable data, showing a depeg low just under 0.61.
It's pretty interesting to see that all the CHF pairs are shaping up similarly, forming bottoming patterns as they get closer to their respective depeg lows. Even CHFJPY is hitting a significant point at 170.
With everything that's been happening globally, CHF has been a go-to safe haven in recent years. But looking at these pairs, I'm thinking there's a big correction coming soon, with a lot of CHF selling across the board.
Here's my plan for capitalizing on this with this particular pair, as I'm expecting another dip towards the depeg low.
On the daily charts, you can see the price slowly edging down, with a notable drop at the end of last month. This happened during the holiday season, when markets can be a bit erratic, showing spikes due to volatility. (check out the image below)
If you zoom in on the weekly chart, there's a clear falling wedge pattern forming as the market grinds down. Each new low seems to attract buyers, hinting at a potential shift and weariness in selling.
My strategy for this pair is straightforward. I'll be watching my TRFX indicator on the daily charts from now on, building a big position every time the indicator gives me a signal at or below the current price.
My first target is the 0.68 resistance, the previous bottom of the long-term range. I'm expecting a bit of a reaction there, then a push back up into the range, aiming for the top at 0.74.
To confirm this final target, we'd need a strong weekly or monthly close above 0.68.
Given that all these pairs, including the CHF futures chart (image below), are showing similar patterns at key resistance points (depeg high), this could turn out to be one of the best trades of the year. But it's crucial to wait for the right entry signals.
I'll keep you posted as these positions develop. Hope you found this interesting!
CHF/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are now examining the CHF/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 165.967 level.
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CHFJPY Next Buy opportunity 167.119 - 166.594CHFJPY Next Buy opportunity 167.119 - 166.594
CHFJPY BUY LIMIT 166.900
TAKE PROFIT 01 : 168.722
TAKE PROFIT 02 : 170.152
STOP LOSS 165.483
If fell below 165.622 Move stop to 164.900 and open one more buy order with D1 Support 164.970
Entry 165.009 and stop 164.773 Target is 166.524 and 68.771
When markets open, place your limit order with proper money management. When 1st target hit make sure to move your stop to breakeven.
✨ CHFJPY: ITF CURVE ANALYSIS (3D) ✨(DOWNTREND)
-SL @ 170.70 🚫
SSO1 @ 169.00 ⏳
SSO2 @ 165.75 ⏳
TP1 @ 159.50
TP2 @ 154.15
TP3 @ 150.15
TP4 @ 143.00
TP5 @ 140.00
SUPPORT @ 139.00
ADDITIONAL INFO:
🤔 If this Curve Analysis on the 3D chart holds, then we're going to be setup some major profit
📊 This is a VERY VOLATILE PAIR. Position Size should be no greater than 3% of your NAV
⚠️ For those who don't mind a little risk, you can place a MO-Short
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
NAV = NET ASSET VALUE
SSO = SELL STOP ORDER
TP = TAKE PROFIT
This is an Intermediate Time Frame trade (4 hours to 6 day):
— Offers a clearer picture of the underlying trend compared to short-term frames.
— Provides more opportunities for confirmation signals and technical analysis.
— Allows for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
CHFJPY a protraction move will create a massive selloffHello Everyone Hope you all are doing good. today again i got my favorite model trade setup in CHFJPY forex pair. i am expecting price to start a sell from 167.40 or above for the initial target of 162.10 level and stoploss mentioned in the chart at top around 170.51.
Trade wisdom: Wider stoploss does not mean we avoid a trade setup, it means we should use position size calculator by risking certain percentage of total capital in one single trade.
This is a higher time frame trade setup it will take time to pan out, so have patience :)
Good luck and Happy Trading.
Rizwan Ali (Fund Manager)
Accel Equity: Mark of Core Research
CHFJPY - Already Over-Bought 🌙Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉CHFJPY has been overall bullish trading inside the rising wedge in blue, and it is currently approaching around the upper bound / trendline.
Moreover, the zone 170.5 is a major previous high.
🏹 So the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green major high and upper blue trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As CHFJPY approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CHFJPYCHFJPY price is in the correction range. The price is now near the resistance zone. 168.665-169.960 If the price cannot break through the 169.960 level, it is expected that there is a chance that the price will reverse down. Consider selling from a correction below the level of 169.479 with targets of 162.39 and 159.14
>>Thank you and GooD Luck 😊
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