CHFJPYCHFJPY is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
ABCD pattern formed, possibly price lead to 'D' point.
CHFJPY trade ideas
CHFJPY: Long Trade with Entry/SL/TP
CHFJPY
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy CHFJPY
Entry - 175.15
Stop - 174.11
Take - 176.89
Our Risk - 1%
Start protection of your profits from lower levels
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CHFJPYCHFJPY is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
What you guys think of this idea?
Great Opportunity To Sell CHF/JPY And Get 250 Pips !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 - GTP 80% - DOWN - 700 pipsBased on the latest COT data for CHF/JPY:
Long OI: 6,491 (6.58%)
Short OI: 56,284 (57.04%)
Net positions: -49,793 (Bearish)
The data shows an increase in long positions but a significant dominance in short positions, indicating a strong bearish sentiment. The probability of further downside movement remains high based on these figures and the downtrend visible on the chart. The target remains at the previously identified level.
What target price level and %
ChatGPT
Based on the chart and the latest COT data for CHF/JPY:
Target Price Level: The target level on the chart is identified around 168.000.
Percentage Probability: Given the bearish sentiment reflected in the COT data and the ongoing downtrend, there is an estimated 80% probability of continuation lower to reach this target level.
OPPORTUNITY FOR SELL CHFJPYWe have these indicators for SELL opportunity:
- Reflection from the top of the parallel channel (Has been created since 2008)
- Low volume to continue the current direction
- Return/re-test to (Year + 6M + 3M) high
We define 3 goals:
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
* Nothing grows forever, so the turndown is most likely. But beware of the "fake out" in 2015 - count on this in risk management.
CHFJPY: Bearish Rally ContinuesA bearish breakout of a support level in a horizontal range has been identified on the 4-hour chart on 📉CHFJPY.
This suggests that sellers are in control and a bearish trend is likely to continue.
The price is expected to drop further, possibly reaching the 174.90 support level.
chfjpy sell tradeHere's a bearish technical analysis for CHF/JPY on the H4 charts:
1. **Trend Analysis**:
- The overall trend on the H4 chart shows a bearish momentum. The price has been making lower highs and lower lows, indicating a downtrend.
2. **Moving Averages**:
- The 50-period and 200-period moving averages are above the current price, which is a bearish signal. The price is also below the 20-period moving average, reinforcing the bearish sentiment.
3. **Support and Resistance Levels**:
- **Resistance**: The nearest resistance level is around 177.00, which aligns with the previous swing high.
- **Support**: The immediate support level is at 175.50, which is a recent swing low. A break below this level could lead to further declines.
4. **Fibonacci Retracement**:
- The price is currently hovering around the 38.2% Fibonacci retracement level from the recent high to low. A break below this level could see the price targeting the 50% and 61.8% retracement levels, which are around 174.50 and 173.50, respectively.
5. **Technical Indicators**:
- **RSI**: The Relative Strength Index (RSI) is below 50, indicating bearish momentum.
- **MACD**: The MACD line is below the signal line, and both are below the zero line, which is a bearish signal.
- **Stochastic Oscillator**: The Stochastic Oscillator is in the oversold territory, suggesting that there might be a short-term pullback before the downtrend continues.
6. **Chart Patterns**:
- There is a potential bearish flag pattern forming, which could indicate a continuation of the downtrend if the price breaks below the flag's lower boundary.
7. **Volume Analysis**:
- The volume has been decreasing during the recent upward corrections, suggesting that the bullish moves are weak and the bears are likely to regain control.
In summary, the CHF/JPY pair on the H4 chart shows several bearish signals, including a downtrend, bearish moving averages, and bearish technical indicators. Traders should watch for a break below the support levels and the continuation of the bearish patterns for potential short opportunities.
Source: Conversation with Copilot, 7/23/2024
(1) CHFJPY Chart, Rate and Analysis — TradingView. www.tradingview.com
(2) CHFJPY technical analysis - TradingView. www.tradingview.com
(3) CHF/JPY Technical Analyses - Forex - CentralCharts. www.centralcharts.com
(4) CHFJPY technical analysis - publisher.fxblue.com. publisher.fxblue.com
CHFJPY LongNice 1 to 2 reward for patient ones.
Because it could take longer until there is movement again. I'm taking this long trade again.
CHFJPY has been in a range after the pullback for 10 days. Buyers apparently accumulate at these levels. Minimum target is the 61.8 retracement. Fundamentally, the yen has not improved. Therefore a good long in my opinion.
Trading in the range is also possible here.
CHFJPY Set To Fall! SELL!
My dear friends,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 176.97 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 176.67
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Trade Recap - UK100 +3RUK100 pumped up before London Open. Shortly after it faked out the Previous H1 High levels. M1 entry below the Previous H1 High and Day Breakout High. Took partials at H4 bullish levels. Runners got taken out shortly after recording this.
CHFJPY Moving Within a Down ChannelThe current price is at the upper trendline of a down channel. Overall, the price is in a bearish trend, and we anticipate that it will continue to decline.
TP: 175.650 (+2)
SL: 178.050 (80 pips)
CHFJPY: Consolidation & Completed IndecisionThe CHFJPY is currently confined to a tight range, bounded by two key horizontal levels. The price's response to these levels will determine the next move. Two possible scenarios:
Bullish Scenario: A break and close above 177.87 could spark a rally towards 179.00.
Bearish Scenario: A break and close below 175.83 may trigger a decline to 174.80.
Let's wait patiently for a breakout to occur, which will dictate the next price movement. Though I am bullish bias
Bearish CHFJPYThis looks like a lucrative 160+pips, i personally donr trade this pair and technically it looks bearish at the moment
CHFJPYgo
Currently on CHFJPY on the WEEKLY timeframe price has taken out the PWL but has not yet confirmed by closing above it, but on the weekly timeframe price has just taken out the PWL and its left with about an hour for the weekly candle stick to close which will be a very good confirmation of take off
Small little trade for CHF/JPYWe can see that the price is moving a sort of zone. At this moment we are at the top of the zone and can see a first red candle. What we could do now is go short here with a trade with 2 take profit zones.
I would do this with very little risk. And you still need to wait and see how the market opens.
If you enter and the trade hits TP1 I would move my SL to Entry.
CHFJPY: A move above the pattern can push CHFJPY up againCHFJPY: A move above the pattern can push CHFJPY up again
All the JPY pairs declined aggressively after the market was speculating about a possible rate cut by the FED.
However the JPY strength is related more with the BOJ actions rather than FED.
Technical analysis:
PRice is moving inside a triangle pattern.
A move of the price above the pattern should push it up again as it is showing on the chart.
ONLY BOJ can push the price down again or FED. But FeD has a limited move as we can see.
Thank you and Good Luck
CHFJPY is BearishPrice was in a strong uptrend, but a matured bearish divergence indicated that bears were working their way, and managed to not only break the ascending trendline but also printed a lower low followed by a lower high. If bears continue the pressure, we can see more downside in price action. Targets are mentioned on the chart.
CHFJPY Currently on CHFJPY, yesterday's 09:00 am 4hr candle stick made a turtle soup sweeping out the previous day low and distributing to the upside leaving a fair value gap on the way, which was retested now , we are expecting for the gap to be respected and drive price to the upside
CHFJPY - Bullish Reversal with bullish divergenceCHFJPY is breaking previous LH. it may reverse from its bearish trend to bullish trend.
CHFJPYSwiss Franc / Japanese Yen is overbought on daily timeframe and making itself prepared for a retracement with the following reasons:
Fundamental:
Dollar Strength: Analysts point to a possible bearish Elliott Wave pattern in the Dollar Index (DXY) which might translate into weakness for CHFJPY. The Swiss Franc often moves in line with the Dollar.
Technical:
Bearish Divergences: Some analysts see signs on the hourly chart that could indicate the recent CHFJPY rally is losing steam. These bearish divergences might suggest a potential sell-off if prices fall below a previous low.
Sentiment:
Overall Bearish Market: There's a prevailing sentiment that the broader market is leaning bearish, which could lead to a pullback in CHFJPY along with other currency pairs.
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CHFJPY Mega Long Trade? The CHFJPY had a nice setback yesterday which now offers a possible good entry for long positions. A price target in the area of 61.8 percent retrenchment would be realistic. The possibility of new all-time highs is also worth noting. So it's a very tempting time for long-term trades.
