CHFJPY Will Move Lower! Sell!
Please, check our technical outlook for CHFJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 162.520.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 158.758 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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JPY (Japanese Yen)
CHFJPY - 4hrs ( Sell Trade Target Range 300 PIP ) Pair Name : CHF/JPY
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Reversal
163.000 Area
Reasons
- Major Turn level
- Visible Range Hvn
- inner Choch Area
- Fibo Golden
Bullish Reversal
160.000 Area
Reasons
- Major Turn level
- visible Range Value
- 4hr / D choch Area
- Quarter's Area
- Fixed Range Lvn
CHFJPY - Long after filling the imbalance ✅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. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 162.000.
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Keep it Easy SGDJPY long will make new record HighsIn Singapore a slight majority of analysts expected a 6th consecutive tightening move by MAS in order to tackle inflation, so the pause along with the conservative MAS statement on the inflation outlook saw a weakening of the S$.
- Gold extended gains amid USD weakness; The US dollar index is testing one year lows at 100.78 during the morning.
- Nikkei outperforms on results from big component Fast Retailing.
But vs JPY nearly every currency is making higher highs. As trader,I focus just on technicals.
Higher Highs Higher Lows!
Trend is bllish!
SG Dollar to Yen forecast by day.
Date Weekday Min Max Rate
04/07 Tuesday 105.82 109.04 107.43
05/07 Wednesday 105.85 109.07 107.46
06/07 Thursday 105.83 109.05 107.44
07/07 Friday 105.79 109.01 107.40
10/07 Monday 106.55 109.79 108.17
11/07 Tuesday 106.30 109.54 107.92
12/07 Wednesday 106.16 109.40 107.78
13/07 Thursday 106.72 109.98 108.35
14/07 Friday 107.35 110.61 108.98
17/07 Monday 106.71 109.97 108.34
18/07 Tuesday 106.46 109.70 108.08
19/07 Wednesday 107.64 110.92 109.28
20/07 Thursday 108.22 111.52 109.87
21/07 Friday 108.14 111.44 109.79
24/07 Monday 108.73 112.05 110.39
25/07 Tuesday 108.90 112.22 110.56
26/07 Wednesday 109.20 112.52 110.86
27/07 Thursday 108.72 112.04 110.38
28/07 Friday 109.09 112.41 110.75
31/07 Monday 109.21 112.53 110.87
01/08 Tuesday 108.95 112.27 110.61
02/08 Wednesday 109.68 113.02 111.35
03/08 Thursday 109.66 113.00 111.33
04/08 Friday 109.13 112.45 110.79
🔥 MODIFICATION: CHFJPY 🔥 POSITION TRADE 🔥Being that Price Action (PA) continues to go long, please manage your trades as we take the risk of shorting it from here.
SSO1 @ 158.50 ⏳
SSO2 @ 152.60 ⏳
TP1 @ 141.33 (shaving 25%)
TP2 @ 131.85 (shaving 25%)
TP3 @ 124.90 (shaving 25%)
TP4 @ 114.15 (closing ALL Sell Orders)
BLO1 @ 111.55 ⏳
BLO2 @ 105.25 ⏳
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CHF/JPY SHORT ENTRY - SETUP H1On CHF/JPY, we have a bearish setup with the price breaking through a Forex48 block at the level of 161.88. That will be the point of interest to consider a short position if the market provides a double confirmation at M15 timeframe. The target will be 160.90. Let me know your thoughts. Happy trading to all from Nicola, the CEO of Forex48 Trading Academy.
CHFJPY H4 | Potential Bearish reaction off Fibo confluences?Based on the H4 chart analysis, we can see that the price is raising towards our sell entry at 163.61, that aligns with 61.8% Fibo Projection and 161.8% Fibo extension level indicating Fibo confluence. Our take profit will be at 161.59, which is a pullback support level. The stop loss will be set at 165.35, which is just above 78.6% Fibo expansion level.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
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CHFJPY H4 | Potential react off Fibo level?Based on the H4 chart analysis, we can see that the price is raising towards our sell entry at 163.58, that aligns with 61.8% Fibo Projection and 161.8% Fibo extension level indicating Fibo confluence. Our take profit will be at 161.57, which is a pullback support level. The stop loss will be set at 165.23, which is just above 78.6% Fibo expansion level.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com): **
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
FXCM Markets LLC (www.fxcm.com):
Losses can exceed deposits.
CHF/JPY Under Pressure! SELL!
My dear subscribers ,
CHF/JPY looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 160.971
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 160.279
Safe Stop Loss - 161.395
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
All My Entries For This Week +2k Pips , A lot Of Secrets Shared This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CHFJPY Try to understand the movementAs we can see, at 2h Timeframe it is very clear that the price made a channel pattern, and yesterday it has broken through the resistance. where will the price go? from my point of view and how the candle moves ( you can see the daily candle ), the price will go to the strong area and will come back again. what's unique from here is that I found the possibility of a triple top pattern occurring
let see,
dyor
CHFJPY - 4hrs ( Sell Trade Target Range 240 PIP ) Pair Name : CHF/JPY
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
------
🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
☄️Bearish Reversal
160.600 Area
-Reasons
- Major Turn level
- Visble Range hvn
- Choch Area
- Fixed Range poc
☄️Bullish Reversal
158.000 Area
-Reasons
- Major Turn level
- Visible Range Hvn
- Pattern Full Target
- Choch Area
CHFJPY - 4hrs ( Down + 60 PIP / Tp 1 > Full TP 240 pip ) Pair Name : CHF/JPY
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Natural - Lead To Long
📋 Educational / Short
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🗒 Just browsing through my analysis means a lot to me.
➡️ Update -
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VIP Opportunity
Take Profit 1
Account Growth = 5 %
Pip' Achieved = 60 PIP