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CHFJPY trade ideas

CHFJPY Expected Growth! BUY! My dear subscribers, CHFJPY looks like it will make a good move, and here are the details: The market is trading on 174.74 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 175.57 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
CHFJPY-Bullish Reversal in Sight After Morning Star FormationThe CHF/JPY pair is currently displaying signs of a potential bullish reversal on the 4-hour timeframe, after breaking out of a consolidation phase. The pair has shown resilience at key support levels, with candlestick patterns and trend indicators suggesting a probable upside movement. Key Technical Observations: Three White Soldiers Pattern: The Three White Soldiers formation observed on the left side of the chart is a strong bullish reversal signal, often indicating the end of a downtrend and the start of a bullish phase. This pattern was followed by a significant upward rally, highlighting increased buying interest in CHF/JPY. Sideways Movement: After the initial bullish surge, the price entered a prolonged sideways consolidation phase, spanning around 62 bars (approximately 14 days and 9 hours), as highlighted in the chart. This period of indecision reflects a tug-of-war between buyers and sellers, with no clear directional bias. Support and Resistance Levels: The support level at 174.414 acted as a strong floor, preventing further declines. Another critical support zone was observed around 174.130, where the price recently bounced back, forming a bullish Morning Star candlestick pattern, further affirming the potential for an upward move. The current resistance zone to watch is 176.958, which acts as the primary target for the bulls. Morning Star Pattern: The Morning Star pattern that emerged near the 174.130 support level is a strong bullish signal, indicating the likelihood of a trend reversal from bearish to bullish. This pattern typically shows a shift in market sentiment, where buyers gain control after a period of selling pressure. Trend Analysis: The recent downtrend (marked by the red arrow) seems to have concluded as the pair finds support and forms a bullish candlestick reversal pattern. An upward movement is expected if CHF/JPY can hold above the 174.414 support zone and breach the minor resistance at 175.014. Trade Setup: Bullish Scenario: If the price continues to hold above the 174.414 support, there is a high probability of an uptrend resumption. A break above the 175.014 resistance could lead to a rally towards the primary target at 176.958. Conservative traders may wait for a confirmed breakout above 175.014 with a retest before entering long positions. Bearish Scenario: A failure to sustain above the 174.414 support could lead to further downside, with potential targets around the 172.642 support zone. Bears may consider entering short positions if the price breaks below 174.130 with high selling volume. Conclusion: The CHF/JPY 4-hour chart analysis suggests a potential bullish recovery, driven by strong candlestick patterns and solid support levels. However, traders should keep an eye on the key resistance at 175.014 and 176.958 for a confirmed bullish continuation. As always, employing proper risk management techniques is crucial to navigate potential market volatility. #ForexTrading #CHFJPY #TechnicalAnalysis #ForexSignals #PriceAction #CandlestickPatterns #ForexMarket #TradingView #ForexStrategy #BullishReversal #ForexCommunity #SupportAndResistance #4HChart #TradingTips #ForexAnalysis Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research before making any trading decisions
Long
by forexorbit
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
Long
by ForexMasters2000
CHF/JPY: Potential Setup for Short Opportunity The CHF/JPY pair has undergone a substantial correction after peaking at 177.20, pulling back by 300 pips and breaking through the Fibonacci extension level around 174.30, where it closed yesterday. As shown in the chart above, this decline carried significant momentum, with a swift downward push halted only by the close of the trading session. Technically, the break of this key support at the Fibonacci level signals a potential continuation toward the next support area at 172.7, offering a promising 150-pip range for traders. This setup could be one to watch as markets open, with potential for short positions on further bearish movement.
Short
by Charts_M7M