✅CHF_JPY GROWTH AHEAD|LONG🚀
✅CHF_JPY is going down now
But a strong support level is ahead at 167.000
Thus I am expecting a rebound
And a move up towards the target at 168.342
LONG🚀
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CHFJPY trade ideas
CHFJPY in Bearish TrendCHFJPY is printing a series of lower highs and lower lows, forming a bearish pattern. The candlestick pattern forming on the last lower high is a bearish engulfing pattern which solidifies the continuation of the trend.
Chfjpy buyBuy buy , after taking sell side liquidity we finally gone see some upside on the pair..bouncing off the OB, we off to 170.80
CHFJPY: Long Trade Explained
CHFJPY
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy CHFJPY
Entry - 167.71
Stop - 167.20
Take - 168.78
Our Risk - 1%
Start protection of your profits from lower levels
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CHF/JPY BULLS ARE STRONG HERE|LONG
Hello,Friends!
We are targeting the 168.865 level area with our long trade on CHF/JPY which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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CHF/JPY Is Creating Now Wave Be Ready To Catch Itthe price is moving in very nice waves and we are in the 4th wave now if we use the fib tool it indicates we can buy now
BearishI think on bigger timeframes we are on a bearish trend and i think the short uptrend has been exhausted we can wait for a break out and sell.
Selling CHF/JPY (Swiss Franc vs Japanese Yen)OANDA:CHFJPY CHF/JPY: Hunting Bears in the Land of Samurai!
❗️ Sell CHF/JPY at 170.404 for a potential sweet downward ride!❗️
My analysis indicates that breaking above this level could trigger a bearish trend for this pair.
First target is 169.200, followed by 168.000 - be ready to lock in profits at these levels!
Remember:
Watch out for market whales! Stay tuned for economic news and events.
Manage your risk wisely. Don't go all-in - enter with a small position size.
This is just a suggestion, always do your own research before entering any trade
CHFJPY MARCH WEEK 5 OUTLOOK -
Daily - bearish bias held. it looks extended, so we can expect a pullback here.
Origin - asset will be bearish if price holds below** 168.663 - 169.042**. if it sustains above this zone, we can expect that pullback to continue. COT data does suggest neutral behavior but short contracts on JPY far outweigh CHF. so the pullback thesis works on that level as well.
CHFJPY Long TradeMARKET PHASE
OANDA:CHFJPY is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break lows within the corrective structure until it began to hold the bottom. There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has now started it’s initial move up but due to the velocity of the upward move, it's gapped orders around 168.624. Price may retrace back to this level to meet the demand on Sunday night EST or during the first London session next week. Once price reaches this level, we can expect a strong push upwards in the direction of the larger trend.
TRADE
I've placed my buy limit order on OANDA:CHFJPY as follows:
Buy Limit: 168.624
Stop Loss: 168.384
Take Profit: 169.104
RISK MANAGEMENT
R Ratio: 2
Equity at stake: 1%
Trail SL to 50% @ 1R
CHF/JPY 4h heading to Monthly PivotLooking at the CHF/JPY pair on the 4-hour chart, there are some interesting signals popping up:
Bollinger Bands : The price appears to be bouncing off the lower Bollinger Band. This indicates potential support at that level, suggesting a possible reversal in the short term. Bollinger Bands are volatility bands placed above and below a moving average. The bands widen when volatility increases and narrow when volatility decreases. When the price touches or moves outside of the bands, it's considered significant, potentially signaling overbought or oversold conditions.
MACD (Moving Average Convergence Divergence) : The MACD line has crossed above the signal line. This crossover is often interpreted as a bullish signal, indicating that the momentum of the price action is shifting upward. MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period EMA (Exponential Moving Average) from the 12-period EMA.
Considering these indicators, there's a suggestion that the price might continue to rise. The next notable level to watch out for is around the monthly pivot point at approximately 170.182. Pivot points are significant levels used by traders to determine potential support and resistance areas based on the previous period's high, low, and close prices.
With these signals in mind, it seems there's a bullish bias in the short term for CHF/JPY, with potential for a move towards the monthly pivot point.
CHFJPY Possible Short PositionH4 - ReEntry
H1- 50 EMA Rejection + Extreme Sell
M15- wait for CSAK + Retest in MAHILO min 15m
Note:
* Cancel trade or cut-loss when candle close above MAHI in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
CHFJPY - Bullish price action ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block + institutional big figure 168.000.
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CHFJPYCHFJPY bounced from the demand area which is indicating buying factor. Hold off until you see a clear break of the downward risk trendline which i indicated with red color. It shows we are being cautious and looking for that solid sign that the pair's ready to shift from the current demand zone. The patience for confirmation can definetely pay off. Just remember to stay updated with any news that could impact the CHFJPY while you are on stanby. I will make an update when it is ready for entry. Trade wisely
CHFJPY Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for CHFJPY below:
The price is coiling around a solid key level - 170.37
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 169.45
Safe Stop Loss - 170.92
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
