CHFJPY - NEW BREAKOUT 🚀
Previously , The CHFJPY Formed a Bullish Double Bottom Pattern.
At The Moment, The Price Broke The Lower High (ChoCh).
So, I Predict another Bullish Move📈
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TARGET: 172.990🎯
CHFJPY trade ideas
A long shortEntry point: green area
Exit point: red range
near the ceiling of the monthly ascending channel. The possibility of a heavy downfall...
CHFJPY: Bears Will Push Lower
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the CHFJPY pair price action which suggests a high likelihood of a coming move down.
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CHFJPY SHORT IDEAWhat must go up must come down as always please leave room for reversal , Just a little bit of breathing room for SL
CHF/JPY end of uptrendThe pair is slowing down. The RSI is showing a clear divergence. Price has tapped and reacted to the supply areas (tradable on LTF).
Once the pair breaks the trendline as well as the support I am ready to short.
CHFJPY MAY 2024 WEEK 3 OUTLOOK -
Daily - bullish. looks clean to the upside. but, we have had 6 consecutive long days on this, so a day or two of trading in range will be good for a sustained move upwards.
Origin - as long as price holds above the zone **171.913 - 171.497**, we are bullish. if price breaks down, then I will look for buyers to step in around last week's AVWAP. price can just trade in range for a day and then shoot up from there.
longA good buy anticipation similar to GBPJP,A very low volume for the seller's Market seems to go UP without any hurdles,Good luck guys
Possible Trade for The weekPossible Trade for The week.
Looking to trade CHFJPY for the week. Waiting to see what the market is going to give me.
Happy Mother's Day and Happy Trading!
CHFJPY SellLooking to sell on CHFJPY.
Price has reached significant levels and showing signs of a reversal, this could be a great trade and multiple entries with confirmation.
CHFJPYWaiting the last movement up to put a beautiful short.
We have to option os risk: reward
1:2
1:1
O you put the trade in breakeven in 1:1 and leave the price continue moving down.
Blessings
At the end of the day remove the pending order if it has not entered.
thanks.
Butterfly (Bullish Harmonic Reversal) Pattern in CHFJPYButterfly (Bullish Harmonic Reversal) Pattern in CHFJPY observed in 4 hour time frame. The pattern is complete at point D (potential reversal zone), resulting in bullish trend reversal. This bullish can be used to take long position.
CHFJPY: Bears Will Push
The analysis of the CHFJPY chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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CHF/JPY Weakens, Sell At This LevelSell positions are entered when a valid Daily rejection is formed and confirmed on the H4 timeframe when testing the supply area of 171.33-172.29.
The selling opportunity this time will capitalize on the potential weakening of prices when testing the supply area. For further clarity, please refer to the explanation below.
CHF/JPY Daily
Level: Supply 171.33-172.29
On the Daily chart, there is a potential selling area in the supply zone of 171.33-172.29. Sell positions await the price to test the supply area and form a valid rejection in the form of a bearish engulfing candlestick pattern or pin bar (with a long upper shadow).
CHF/JPY H4
Signal: Daily Rejection Followed by H4 Candlestick Confirmation
For a sell entry, the signals used include 2 stages:
Formation of a valid Daily rejection in the form of a bearish engulfing candlestick pattern or pin bar (with a long upper shadow) when the price tests the supply level of 171.33-172.29.
Wait for a pullback first, then take a sell position using confirmation from candlestick patterns on the H4 timeframe such as bearish engulfing, pin bar (with a long upper shadow), or bearish inside bar.
CHF/JPY Entry Opportunity
From the above description, it can be concluded for the entry opportunity with the following plan:
Position : Sell
Level : Supply 171.33-172.29
Signal : Daily Rejection followed by H4 candlestick confirmation
Attention:
Entry only when confirmation has been formed.
Always use good money management (1-2% risk per transaction).
If a sell position has been taken and the price has not yet reached the SL or TP, close the position as soon as possible (emergency exit) if the price forms a candlestick reversal pattern (bullish engulfing, pin bar with a long lower shadow, or bullish inside bar) on the Daily timeframe.
Hopefully, this analysis helps readers to observe price movements and make transaction decisions.
CHFJPYCHFJPY price is near the resistance zone. 171.21-171.48 If the price cannot break through the 171.48 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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AB=CD Pattern Identified in CHFJPYA harmonics pattern has formed in CHFJPY in the absence of divergence
