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CHFJPY trade ideas

Idea Sharing: CHFJPY Upward Momentum with CautionOverview: In recent analysis, the CHFJPY pair has shown signs of potential upward momentum. However, while bullish sentiment may prevail, it's essential to exercise caution due to the possibility of retracements, or even deep retracements, along the way. Reasons for Upward Momentum: Safe-Haven Dynamics: The Swiss Franc (CHF) and Japanese Yen (JPY) are both considered safe-haven currencies. During times of uncertainty or market volatility, investors tend to flock to these currencies, driving up their value against riskier assets. Recent global economic uncertainties or geopolitical tensions may be contributing to this flight to safety. Technical Analysis: Technical indicators, such as moving averages, MACD (Moving Average Convergence Divergence), and RSI (Relative Strength Index), may be signaling bullish trends in the CHFJPY pair. Breakouts above key resistance levels or bullish chart patterns could further support the case for upward momentum. Fundamental Factors: Economic data releases, central bank policies, and geopolitical developments can all influence currency pairs. Positive economic indicators from Switzerland or Japan, along with central bank statements indicating a stable or improving economic outlook, could bolster confidence in the CHFJPY pair. Cautionary Notes: Retracement Risk: Even in the midst of upward momentum, markets rarely move in a straight line. Traders should be prepared for retracements, which are temporary pullbacks in price within the context of an overall trend. These retracements could be shallow, testing support levels, or deep, potentially triggering stop-loss orders. Volatility Concerns: CHFJPY, like any currency pair, is susceptible to sudden bouts of volatility. External factors such as unexpected economic data releases, geopolitical events, or shifts in market sentiment can lead to sharp price movements. Traders should be mindful of managing risk exposure and employing appropriate risk management strategies. Conclusion: While the CHFJPY pair may be poised for upward momentum, traders should approach with caution. Keeping an eye on technical indicators, monitoring fundamental developments, and staying vigilant against potential retracements are essential for navigating the market effectively. By combining a bullish outlook with prudent risk management, traders can seek opportunities while mitigating potential downsides. Feel free to adjust or expand on any part of this idea sharing as needed!
by lilchuck
Will CHFJPY complete its monthly fifth legMonthly timeframe - Bullish market structure - Bullish M not completed yet - Targeting the 172.000 region Weekly timeframe - Bullish market structure - Shoulder 1 of the failed head and shoulders is now being used as support (failed first time break) - Bullish fib got activated - Bullish indicational candle Daily timeframe - Last daily low doesn't break - Reversal indication + inverse head and shoulders + bullish M - Supply and demand zone + institutional candle - Limit time
Long
by VictorDierickx23
STILL POSSIBLE FOR FURTHER DOWNSIDE(CHFJPYThere's quite a lot to unpack on this pair but to keep it simple, im seeing major divergence on RSI daily time frame which is indicating to me that there is a reversal on the way. This does not mean that a reversal is imminent but an 'INDICATION OR SIGN' that it might happen, so im waiting for confirmations on smaller time frames to jump in the game. Im seeing impulses to the downside which is telling me theres not enough people interest in pushing chfjpy further at this moment in time. Im seeing a correction taking place so this is whats interesting me to go short. If you want to play it aggressive, then you could go short at where the sellers have left clues. The balls in your hands folks
Short
by Jordan591
CHFJPY - trading session no.118.42pm - 9.10pm learned many lessons today -maybe I should just take 2 trades a day, I have a minor gambling addiction -NO HESITATION PLSSSSSS -stop. trading. after. your. gut. tells. you. to. or. after. you. took. enough. trades PnL: +0 pips - couldve been a +2RR day tho Ill take the weekend to reflect cause I NEED to lock in so bad - distractions while trading etc etc and many more mistakes. Although it couldve been a really good week with real muney Im still unhappy about how I trade. I hope I learn from my mistakes and adapt.
Short
by GRBmlr
CHFJPY: Rising on the 1D MA200.CHFJPY is neutral on its 1D technical outlook (RSI = 50.785, MACD = -0.360, ADX = 31.970) as the price action is ranged between the 1D MA50 and 1D MA200. The dominant pattern is a Channel Up however and with the price rebounding on the 1D MA200 (unbroken since March 29 2023) and the 1D MACD has formed a Bullish Cross, we expect the new HH leg to start. Our target is the R1 level (TP = 171.500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
Buy CHFJPY Triangle BreakoutThe CHF/JPY pair on the M30 timeframe presents a potentially interesting situation with a triangle breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the triangle, ideally around 167.60 after confirmation. Target Levels: 168.75: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected upwards from the breakout point. 169.18: This is a further extension of the upside target, based on the height of the recent price movement. Stop-Loss: Place a stop-loss order below the broken resistance line of the triangle, ideally around 167.45. This helps limit potential losses if the price fails to break out and reverses downwards. Thank you.
Long
by KABHI_TA_TRADING
7
How Do Central Bank Rate Decisions Push/Pull Forex Markets?Hey Traders, In this video I will cover an in-depth study on how the decisions of Central Banks concerning interest rates dictate the velocity of any market move in Forex. This is something you really need to know if you are trading any FX pair, especially the JPY or CHF. The deviation between the central banks of the two is a growing deep and this is driving the new move, as it did the previous one. Watch for more.
Short
by WillSebastian
2
CHFJPY Inside a complex patternCHFJPY Inside a complex pattern Technical Analysis: The price is developing a large corrective pattern. The C wave looks completed and the price is also losing the bullish steam on the 4-hour chart. During the last days the price also created some bearish 4 hour candles by rising the chances for the bearish wave we are looking at. A break out of the price below the pattern should push it down more. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni