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CHFJPY trade ideas

Bullish Setup on CHFJPY — Watching for Confirmation!OANDA:CHFJPY has reached a critical demand area where buyers have previously stepped in, leading to strong bullish momentum. This zone has historically provided a solid base for upward momentum, making it a key level to watch. If we see bullish confirmation—such as rejection wicks, bullish engulfing candles, or a surge in buying volume—I anticipate a move toward 171.180, aligning with previous market structure. However, a decisive breakdown below this zone could weaken the bullish outlook and shift momentum downward. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
Long
by TrendDiva
4
#CHFJPY 1DAYCHFJPY (1D Timeframe) Analysis Market Structure: The price has broken down below the support line of a symmetrical triangle pattern, indicating a shift in market sentiment toward the downside. This breakdown suggests that buyers were unable to hold the support level, leading to increased selling pressure. Forecast: A sell opportunity is expected as the price moves below the broken support line, confirming bearish momentum. Further downside movement is likely if the price remains below this level. Key Levels to Watch: - Entry Zone: After a confirmed breakdown and possible retest of the previous support as resistance. - Risk Management: - Stop Loss: Placed above the broken support line or recent swing high. - Take Profit: Target lower support zones for potential downside movement. Market Sentiment: The breakdown of the symmetrical triangle support indicates increased bearish pressure, with sellers likely to maintain control. Waiting for confirmation of sustained bearish momentum ensures alignment with market trends before entering a trade.
Short
by PIPSFIGHTER
CHFJPY SHORTMarket Analysis: Asset: CHF/JPY Timeframes: 1-Hour: Bearish divergence confirmed (lower highs on RSI, higher highs on price). 4-Hour: Bearish trendline tested and respected (3 touches for confirmation). Bias: Bearish. Trade Setup: Entry Point: Enter a sell position after price rejects the 4-hour bearish trendline. Look for confirmation such as a bearish engulfing candle or rejection wicks on the 1-hour chart. Stop-Loss: Place stop-loss above the recent high (or above the 4-hour trendline for safety). Take-Profit Levels: TP1: Near the previous 1-hour swing low. TP2: Strong support level on the 4-hour chart. Risk Management: Position Size: Risk no more than 1-2% of your trading capital. Risk-Reward Ratio: Aim for a minimum 1:2 R/R ratio. Additional Confirmation: Indicators: RSI: Bearish divergence aligns with overbought conditions. MACD: Look for bearish crossover confirmation. Candlestick Patterns: Watch for reversal candles (e.g., bearish engulfing, shooting star).
Short
by MAAwan
CHFJPY Symmetrical Triangle Pattern AnalysisCHFJPY is currently trading at 170.100, with a target price set at 165.000. The trade setup suggests a potential gain of over 500 pips if the price reaches the target. A symmetrical triangle pattern has been identified on the chart, a common technical pattern indicating consolidation before a breakout. In this case, the breakout has already occurred to the downside, signaling a bearish trend. Traders often expect strong momentum after a confirmed breakout, reinforcing the probability of price decline. The target of 165.000 is likely based on measured move calculations from the triangle pattern. Risk management strategies, such as stop-loss placement, are crucial to mitigate potential reversals. Fundamental factors like central bank policies or economic events could influence the trade’s outcome. If selling pressure continues, the price may reach the target faster than anticipated. Monitoring key support and resistance levels will help assess trade validity.
Short
by AndrewsMarket-Mastery
CHFJPY Opportunities in Symmetrical Triangle PatternCHFJPY is currently consolidating within a symmetrical triangle pattern on the Daily time frame, indicating a potential rebound movement in the near future. My trading plan is to buy if the price successfully rebounds at the lower boundary of the triangle or breaks out to the upside from the pattern, which could provide further confirmation for a bullish trend. The profit target for this setup is in the 180 to 185 area, which represents the next resistance level. A stop loss is placed below the lower boundary of the triangle to ensure proper risk management. Disclaimer: This analysis is part of trading plan and does not constitute trading advice. Always apply proper risk management in every trading decision. Feel free to share your thoughts or request other analyses—just drop a comment!
Long
by DNP-FX
CHF/JPYCHF/JPY (DAILY) Price swept the early buyer liquidity disrespected the bearish momentum gap leaving behind a bullish momentum gap, created a low which represents retail liquidity. Now i am waiting for the retail liquidity to be swept and for price to tap into my 71% fib level which fits right inline with the bullish momentum gap then i will enter a buy position targeting the major price alignment structure high with my stop loss being set at the low that was created after my the early buyer liquidity was swept.
Long
by Solarfx4
Lingrid | CHFJPY short from RESISTANCE zoneThe price perfectly fulfilled my previous idea. It reached the target. The price pulled back to the resistance level after a bearish move, but failed to break above the 172.000 level, forming a false breakout. I think that if the price falls below the trendline, it may retest the recent lower low level. Looking at the daily timeframe, we can see that the price action is forming a large triangle pattern, and it appears to be poised for a downward move. In addition, the price squeeze is likely to lead to a breakout, so I expect the market to move lower. My goal is support zone around 170.000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
10