CHFJPY trade ideas
CHFJPYCHFJPY was making HH and HL. Now bearish Divergence appeared on one hour timeframe which suggests possible trend reversal. for further confluence, bearish divergence also appeared on 4-hr time frame. in case, bears get strength, the instrument may go down.
CHF/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
CHF-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 172.716 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the CHF/JPY pair.
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CHFJPY Trend Continuation TradeCHFJPY Trend Continuation Trade
1. Weekly Uptrend
3. Nice bullish candles build-up
4. Structure HH-HL-HH-HL
5. Trend Following Indicator confirmation
6. BUY/SELL Indicator confirmation
7. Strong CHF Environment
8. 2% Risk, Nononsense Trade Management - VP THANKS!
9. 1,5 Daily ATR Stop Loss
10. 1 Daily ATR Take Profit and then Break-even
11. Exit on reverse candle/exit indicator signal/Break of Structure
Short CHFJPYHi fellows.
We have an idea to trade at resistance point. Short with stop loss 175.30, take profit at 173.
We have the win ration of 1:4
CHFJPY Resistance Breakout Spotted At 175.130 06.06.2024- Resistance breakout spotted at 175.130 on CHFJPY's 1-hour chart.
- If breakout holds, potential rise to 175.664.
- Break above 175.664 could lead to further gains towards 176.344.
- Conversely, if breakout fails, potential drop to 174.708.
- Break below 174.708 may trigger further decline to 174.377.
- Apply risk management
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CHFJPY is in bullish phasewith no divergence and bullish flag pattern in making which is a good sign of the continuity of bull rally
CHF/JPY For Bullishyou can go long now
or
wait for creating higher low at red arrow or inside range of fibo levels (50:61) and then go long
- General Trend is Up Trend
- JPY is Weak
have fun :)
DeGRAM | CHFJPY reached the resistanceCHFJPY is moving between the trend lines in an ascending channel.
The price started to react to reaching the resistance level by decreasing.
The current resistance level at the last touch became a pivot point.
We expect a decline to the support, which coincides with the 50% retracement level.
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CHFJPY: The Resistance HOLDS!CHFJPY is likely to pull back from a significant daily resistance level near the high of the year.
This is supported by a double top pattern with a confirmed breakout below the neckline.
I anticipate that after retesting the neckline of the double top, the market will continue to move downwards towards a rising trend line.
CHFJPYWe can attempt to short CHFJPY from specified level as it break HL , trendline support , also there is bearish divergence indicate that it moves downward.
SL , TP mention in chart.
CHFJPY: Growth & Bullish Forecast
The analysis of the CHFJPY chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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CHFJPY Double TopCHFJPY is showing signs of a trend reversal, indicated by RSI divergence and a breakout of the neckline.
CHFJPY DoubleTop formationTrade Plan
Entry Level(Sell Stop): 173.655
Stop Loss Level: 174.977
Take Profit Level 1: 172.333
Take Profit Level 2: 171.011
Reasons for Bearish bias:
- Double top formation
- Bearish divergence
- Safe entry at neckline breakout
Trade Like A Sniper - Episode 14 - CHFJPY - (4th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing CHFJPY, starting from the 12-Month chart.
- R2F
CHF JPY - SHORTGBPCHF is currently following a uptrend, but it failed to print the next higher high
short entry is recommended after the breakdown of previous low.
CHFJPY - H1 - Took 1.5R ProfitEntry:
- Uptrend is clear.
- Price pullbacks to 40-50%.
- Setup SB below the ema.
- As support we have the cluster of bar on the left.
Exit:
- Took 1.5R profit (Sell into strength).
CHFJPY Trend ReversalCHFJPY is expected to reverse from bullish trend, trade plan is to entry at breakout of HL
CHFJPY is continuing its bullish trendwith no divergence the trend is looking promising that it will make new HH and HL
CHFJPY Bearish RSI DivergenceCHFJPY expected reversal as there is bearish divergence and formation of red candle.
