CHFJPY trade ideas
#CHFJPY 1HA rising wedge pattern has formed on the CHF/JPY 1-hour chart. This pattern typically indicates a bearish reversal, characterized by a narrowing price range with higher highs and higher lows, suggesting weakening momentum. As the price consolidates upwards within this wedge, volume often declines, hinting at an impending breakout to the downside.
Forecast: Sell
The rising wedge is a reversal pattern, and in this case, a bearish breakdown is anticipated. A sell position could be considered, with a target near the lower support levels, once the price breaks below the wedge’s support line. Traders should be cautious of false breakouts and monitor key levels for confirmation.
CHFJPY - Bearish TrendCHFJPY Bearish Divergence is formed, is it start of a bearish trend?
Entry, Stop Loss & Take Profit are mentioned.
CHF Fundamentals: SNB is reducing policy rates since March 2024, SNB rate cut as from 1.25% to 1% recently may result in weak CHF.
JPY Fundamentals: BOJ is increasing policy rates since March 2024, which is causing continuous strength in JPY.
BUY CHFJPY uptrend continuation STOP LOSS : 173.112BUY CHFJPY uptrend continuation
STOP LOSS : 173.112
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
The #1 Reason I Was Wrong About AUDJPY Or CHFJPY...AGAIN!!I was wrong about the FX_IDC:AUDJPY
again..because
I was trying to find the right
forex trading system
to not only make money but also
manage my personal stress
-
Listen as of now am using a FREE account
on Tradingview
So most of these trades will
be long-term
trading options.
Until I am able to get a
paid subscription
on trading view.
-
Long-term term trades are
very good for
beginners
because it slows down
the fast pace trading
-
And allows you to learn
more if you
are using proper risk
management
-
This forex trade FX_IDC:CHFJPY sadly
is a 7-month move
at best 3 months.
-
Maybe later on when I upgrade to
trading view essential I might be
able to really develop
a trading system for day trades.
-
Honestly, day trading does have a cost to it
There is no way around it
you have to pay to play in
day trading.
-
Including mid-term trades such
as 3-month holds
or 1 month holds.
This buy signal is a 7-month hold.
This means you have to calculate your risk
management strategy well.
These past few days I have been battling
With my trading systems because
I really wanted to design a
day trading system
But all I can manage right now
are long-term trades.
My hope is that you will continue
to follow and learn from these
long term trades
Now will this reduce my
popularity sadly yes.
But with my long term
trading signals, I think
I will be able to attract the
right type of people
Who have an investing mindset
also its safer to trade
long-term {7 months]
than short-term gains.
So don't feel discouraged if you
are looking for short-term gains.
If that's you then this
recommendation
and my other recommendations
will never suit you
because all my trades
will be now
focussed on me finding the best
Long-term trades.
Using the rocket booster strategy
which has the following 3 steps:
#1-The price should be above the 50 EMA
#2-The price should be above the 200 EMA
#3-The price should be in an uptrend
This is a strategy of trading
and I hope it will
serve you well.
Remember if you
want to learn more
rocket boost this content
Disclaimer: Trading is risky you
will lose money whether you like it or not
please learn risk management
and profit-taking strategies.
:
#CHFJPY 2HOn the 2-hour chart for #CHFJPY, the price is currently moving within a well-defined channel pattern, suggesting a potential breakout or breakdown scenario. Traders should prepare for both directions, with opportunities to either buy or sell depending on how the market reacts to key levels.
Key Insights:
1. Channel Pattern: The price is fluctuating between a clear support and resistance level, forming a horizontal or slightly sloping channel. This indicates market indecision, with buyers and sellers battling for control.
2. Breakout Scenario (Buy):
- If the price breaks above the upper resistance of the channel with strong momentum, it signals the start of a bullish move.
- Traders should look to enter buy positions after a confirmed breakout, ideally with increased volume, to validate the upward movement.
3. Breakdown Scenario (Sell):
- Conversely, if the price breaks below the lower support of the channel, it points to a bearish shift.
A breakdown would signal a good opportunity for sell positions, especially if supported by rising selling volume and momentum.
4. Volume Confirmation: Pay close attention to trading volume, as significant increases during a breakout or breakdown will strengthen the validity of the move.
5. Stop-Loss Considerations:
- For the breakout (buy), place a stop loss just below the resistance level (now turned support) to manage risk in case of a false breakout.
- For the breakdown (sell), place a stop loss above the broken support (now turned resistance) or the latest swing high.
Trading Strategy:
Entry:
Buy if the price breaks out above resistance.
Sell if the price breaks down below support.
Take Profit: Set take-profit levels according to key resistance zones (in the case of a buy) or support zones (in the case of a sell).
Stop Loss: Set stop losses above resistance for a sell trade or below support for a buy trade to minimize risk.
This technical analysis provides a flexible strategy for trading #CHFJPY on the 2-hour timeframe, allowing traders to react to either a bullish breakout or bearish breakdown from the channel pattern.
CHF-JPY Bullish Continuation! Buy!
Hello,Traders!
CHF-JPY is trading in an
Uptrend and the pair is now
Retesting a broken key level
Of 172.734 which is now
A support from where we
Will be expecting a
Bullish continuation
Buy!
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Check out other forecasts below too!
ChfJpy Longterm - SELLThe SNB was one of the first to start the rate-cutting process. Japan, on the other hand, has entered a rate-hiking phase, contrary to other developed central banks.
This contrasting approach is helping the Japanese Yen, which has experienced a historic depreciation, to recover.
When we look at the long-term main uptrend, we see that the trend price movement aligns with Fibonacci retracement levels. This technically signals the completion of the main uptrend.
Our initial target is to see a drop towards the 23.6% Fibonacci level. If this level breaks, we expect a further decline towards the 38.2% level.
Since this analysis is based on a weekly chart, these levels are long-term targets, and there will be several intermediate pivot levels and corrective moves along the way.
If you missed the previous peak, the current price offers a second chance to sell. You can follow our analysis for intermediate levels, new position additions, and profit-taking opportunities. We will be sharing updates on lower time frame levels.
CHFJPY SELL POSITION The market was trending in uptrend, and price broke trendline snd retested it as a sign of reversal, for additional confirmation that price is about to change its direction there's a resistance Zone there Which was tested many times andit failed to break . Sell After the price breake the neckline
CHFJPY Will Go Higher From Support! Buy!
Take a look at our analysis for CHFJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 172.733.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 174.189 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
CHF/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
CHF/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 171.302 area.
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CHFJPY - Bearish TrendCHFJPY formed Bearish Divergence on RSI, will it start Bearish Trend?
Entry, Stop Loss & Take Profit are mentioned.
CHF Fundamentals: SNB is reducing policy rates since March 2024, Switzerland Inflation Rate is at 1%, compared to 1.2% last month further expectations are rate cut trend will continue from 1.25% to 1% TODAY. Which may weaken CHF further.
JPY Fundamentals: BOJ is increasing policy rates since March 2024, which is causing continuous strength in JPY.
CHFJPY - Symmetrical TriangleCHFJPY is making Symmetrical Triangle Pattern, will it breakout & move towards target?
Entry, Stop Loss & Take Profit are mentioned.
CHF Fundamentals: SNB is reducing policy rates since March 2024, SNB rate cut as from 1.25% to 1% recently may result in weak CHF.
JPY Fundamentals: BOJ is increasing policy rates since March 2024, which is causing continuous strength in JPY.
CHF_JPY BULLISH BREAKOUT|LONG|
✅CHF_JPY is trading in an
Uptrend and the pair broke
The key horizontal level
Of 172.700 which is now
A support and then made a
A retest and going up again
So we are bullish biased and
We will be expecting a
Further move up
LONG🚀
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CHFJPY - Easy 1000pip Trade.. Atleast!Our last CHFJPY over extended a little but it was still valid. Price dropped 1300pips from the break of our entry trendline!
We have now created a correction and looking for another 1000pip drop. There's a chance we may make a complex correction, as indicated on the chart. There is still a 1000pip drop to our first target so this one is definitely one to watch!
Trade Idea:
- Watch for reversal within the fibs
- Entry on break of trendline or you can use lower timeframe BOS or other methods
- once entered, put stops above price
- Target the recent lows as first target (165.5 (1000pips)
- Make sure to taper some positions there and watch to see if we get the complex correction or if we continue dropping.
What do you guys think?
Goodluck and as always, trade safe!
CHF/JPY Buy Setup Awaiting Bullish TDI ConfirmationCHF/JPY has formed an OLHC structure, indicating a potential buy setup. Confirmations include a bullish divergence and an Open Low structure on the daily timeframe. Buyers are expected to enter the market once the TDI shows a bullish cross. My target is 171.750.
Please trade with caution, and if you find this analysis helpful, support it with a like, share, or comment.