CHFJPY Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 170 zone, CHFJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 170 support and resistance area.
Trade safe, Joe.
CHFJPY trade ideas
CHFJPY is in a Bearish Structure after Breaking the SupportHello Traders
In This Chart CHFJPY HOURLY Forex Forecast By FOREX PLANET
today AUDCAD analysis 👆
🟢This Chart includes_ (CHFJPY market update)
🟢What is The Next Opportunity on CHFJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
CHFJPY-FUNDED ACCOUNT SWINGThis will be the Trade for my Funded Account for the till end of August
WHY
4YR: This Pair Broke the 4 Year High and Made a Retest to the Previous 4 year Breakout Level
CONFIRMATIONS:
1.1 Month Made First Close below the SMA
Technical Confirmations:
-Ichimuko all Lines are Pointing Bullish
-Pin Ball off the RSI, ROC,ADX
2.3 Weeks: Formed a 1-2 RTM, On small timeframes will appear as Complex Consolidation
3.Daily: Playing Divergence and Broke off the Previous Daily High, Critical Zone for my entry is 8 days previous high on the Look Out
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Be careful to follow my analysis cause Fundamental my shift and change the whole set up but Risk Management is Critical
Possible trade idea for CHF/JPYSo when we are looking at the chart we can see that the price is having some trouble braking a support zone what we can see on the 30 min time frame.
What we could do here is look out for this price and maybe see if we get a chance to go long here.
Entry: 169.457
SL: 168.986
TP: 168.986
R/R: 2.28%
CHFJPY POTENTIAL SHORT OPPORTUNITYHello Everyone!
How are you all?
ChfJpy is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The current trend is bearish.
2. The price is forming a potential continuation structure.
Game Plan:
If the price completes the structure with two highs and lows, and comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
CHFJPY ShortThe current weakness in the CHFJPY shows no end.
Opportunity for a trend continuation trade with over 2R potential.
4 hour MACD turns negative on histogram, volume delta negative.
4 hour Value Zone is currently attacked.
Enter Short <= 169.20
OR 4 H Close < 169.50 (Value Zone 4H)
Stop >= 170.35
Target at weekly and monthly levels.
166.50
CHFJPY Bear TimeBias Bearish
Fundamental Analysis
CHF is more neutral position. JPY after correction, most likely their interest rate will hold and possible increase further if the world can slowly adapt to it.
Price Action:
Price rejected from H4 & Daily SR level. The rejection caused broken H1 SR level and H1 retracement bullish TL. Price closed below both H1 SR & Bullish TL. Price momentum still bearish.
Confluence:
Higher TF (W/D/H4) - Daily SR rejection
Lower TF (H1/M30/M15) - H1 SR level and H1 retracement bullish TL
Set up:
Short Entry at broken H1 SR level.
SL 2x ATR(20)
TP lower Daily SR level R:R 1:6
CHF/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
CHF/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 174.705 area.
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