CHFJPY SELL SETUP !!“Most traders take a good system and destroy it by trying to make it into a perfect system.” - Robert Prechter
CHFJPY trade ideas
Buying Against The Yen On The Daily Time FrameLonged CHFJPY in the morning (now is 10:13pm SGT) after sieving through the JPY pairs in my watchlist(with Continuous Bars and Inside Bars).
Price broke out of the Daily Time Frame's Minor Resistance level and continued bullishly in the previous few days.
I am going for 2R TP if everything goes well. Might exit manually due to upcoming major news.
Reference previous day's lows to set my stoploss and will be shifting my stoploss based on previous day's lows as long as price closes above the previous previous day's open price.
CHFJPY is BearishPrice was in a strong uptrend, however a matured bearish divergence seems to be at play as previous higher low is broken successfully. If the current bearish momentum sustains then we can expect further slide in price action as per Dow theory. Targets are mentioned on the chart.
Trade idea - CHFJPY Long4H
Corrective approach towards entry zone / Bull Flag.
-68 Fibonacci completion aligning with entry zone.
= Confirmation to place buy limit.
1.5% risk.
Aiming to take profit at Daily TP.
CHFJPY - Short SetupPrice swept the 1H key level and closed below with a bearish engulfing. Breakout traders got into a long trap, so the "underwater".
To close their long positions, they have to sell. That is exactly why I expect to see price trading lower to opposite liquidity levels.
I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
Keep it simple and consistent!
CHFJPY, Bullish Trendtrend Reversal From Strong Trendline
Bullish Divergence
Inverted head and Shoulder formation
Bullish Trend Started
New Highs Formation
Buy @ CMP
CHF/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
Previous week’s green candle means that for us the CHF/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 172.694.
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Sell CHF/JPY Wedge BreakoutThe CHF/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 176.60, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 175.90
2nd Support – 175.30
Stop-Loss: To manage risk, place a stop-loss order above 177.30 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
CHF/JPY: Bullish Momentum Builds Amid Market SentimentContrarian Signal Boosts CHF
With 82% of traders positioned short on CHF/JPY, a strong bullish contrarian signal has emerged, pushing the pair upward as short-covering fuels gains. Technical support around 175.00 has held firm, reinforcing the bullish trend. Favorable Swiss economic stability vs. Japan's dovish policy further supports CHF’s strength in the near term.
Potential Buys On CadJPyBreak and RETEST, it been playing around the resistance level until it finally found footing retested it. What's your thoughts ?
CHFJPY- technically SPEAKINGMay the odds forever be in our favour, anyway thinking in probability means understanding that today the outcome is random but overtime the outcomes become predictable
chfjpy is bullishThe CHF/JPY cross pair consists of the Swiss franc and the Japanese yen. Both currencies are used as safe-haven and funding currencies because of their unique characteristics and low interest rates.
Factors affecting the CHF/JPY rate include general economic indicators, such as information on employment, inflation data, retail sales, industrial production, trade balance and the release of GDP data, as well as the central bank decisions regarding the interest rates in both countries. Political events, natural disasters and various government policies can impact the CHF/JPY exchange rate significantly.
CHFJPY | 28.10.2024SELL 175.750 | STOP 176.950 | TAKE - 1 - 174.640, TAKE - 2 - 173.800 | Correction.
CHFJPY - NEW BREAKOUTHello Traders !
On the daily time frame, The CHFJPY broke the resistance level (174.000 - 175.170).
This key level becomes a new support level !
So, I expect a bullish move📈
___________________
TARGET: 177.020🎯
CHFJPY: Is That a Bullish Trap?!🇨🇭🇯🇵
CHFJPY may drop after a potential bullish trap:
the price violated a strong horizontal resistance
and returned below that quickly, forming a strong bearish imbalance.
The price may reach 176.0 level soon.
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CHFJPY Long - similar to CJ. Looking for price to hold above POC on volume. it has already tagged VA so I can trade this today too.
CHF-JPY Growth Ahead! Buy!
Hello,Traders!
CHF-JPY Is growing again
Now after the pair made
A bullish rebound from the
Horizontal support of 175.000
So we are bullish biased
And we will be expecting a
Further move up
Buy!
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Check out other forecasts below too!
CHF_JPY WILL GO UP|LONG|
✅CHF_JPY is trading in an
Uptrend and the pair is
Making a bullish rebound
From the horizontal support
Of 175.000 so we are bullish
Biased and we will be expecting
A further move up
LONG🚀
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CHFJPY strong bearish expectations
CHFJPY technically based analysis. Channel pattern visible, carrently
price consolidating, technically what can see we can expect here strong bearish push till end of week.
SUPP zone (SL): 173.500, 173.850
RESS zone: 171.500, 171.000
CHFJPY: Pullback Trade From Support 🇨🇭🇯🇵
CHFJPY has a nice potential to pull back from a key daily support.
As a confirmation, I see a bullish breakout of a resistance line
of a falling parallel channel after its test.
With a high probability, the price will reach 175.9 level.
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"CHF/JPY Bullish Breakout with Retest Buy Opportunity"CHF/JPY has completed a breakout on the 4H chart with bullish momentum. A buy opportunity can be considered around the retest area and the 0.5 Fibonacci retracement level, with a stop-loss at the last higher low and a target at the current high.
