Lingrid | CHFJPY bearish DIVERGENCE at RESISTANCE zoneThe price perfectly fulfilled my previous idea. It reached the target. FX:CHFJPY market has reached the resistance zone at 173.000, where it has formed a bearish divergence, indicating that the market may be losing momentum. Given that this level is a strong resistance zone where the price has previously dropped, there is a higher likelihood of a reversal or a pullback again. The market’s break above the downward channel is significant, and I anticipate a potential retest of this channel before making any further moves. My goal is support zone around 171.800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
JPYCHF trade ideas
SELL CHFJPY - JPY Strength to return??Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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SELL CHFJPYIn the 4h time frame, we see price is breaking the lows.
In 30m the choch is created and it left liq above.
If we use fib tool, we see it sounds with prime price and demand zonal price.
Now we have set a POI and wait the pull back to retest and clear the resting liq and drop
Let us see how it will play 📌
CHFJPY: Waiting for BOJ to Decrease the Price FurtherCHFJPY: Waiting for BOJ to Decrease the Price Further
CHFJ is currently growing, but caution is advised as the price is near a strong resistance zone, and there is a possibility it could move down again.
However, this time, the movement is not solely based on technical analysis but is more related to the Bank of Japan (BOJ), which is expected to hike rates on Friday, January 24, by 25 basis points, bringing the new interest rate to 0.5% from the previous 0.25%.
While the BOJ has promised this increase, it remains to be seen what they will actually do.
You may find more details in the chart!
Thank you and Good Luck!
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CHFJPY - Short after filling the imbalance !!Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to go a little bit higher to fulfill the imbalance and then to reject from bearish OB + institutional big figure 173.000.
Fundamental news: On Friday (GMT+2) we will see results of Interest Rate in Japan, news with high impact on currency.
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#CHFJPY 4HCHFJPY (4H Timeframe) Analysis
Market Structure:
The price is moving within a downward trend channel, consistently creating lower highs and lower lows. Currently, the price is near the lower boundary of the channel, which acts as a dynamic support level. This suggests the potential for a short-term bounce or reversal to the upside.
Forecast:
A buy opportunity is anticipated if the price confirms a bounce from the channel's lower boundary, targeting the midline or upper boundary of the channel.
Key Levels to Watch:
- Entry Zone: Near the channel's lower boundary after confirmation of a bounce.
- Risk Management:
- Stop Loss: Placed below the channel's lower boundary or the recent swing low to manage risk.
- Take Profit: Target the midline or upper boundary of the channel for potential upside movement.
Market Sentiment:
The downward trend channel suggests an overall bearish structure, but a temporary bullish move is possible near the channel's support. Confirmation of a bounce is necessary before entering the trade to ensure alignment with market conditions.
CHFJPY: Bullish Reversal Confirmed?!We have been keeping an eye on the 📉CHFJPY setup.
The price broke through both the neckline of a cup & handle pattern and a resistance line of a falling parallel channel on a 4-hour chart.
The broken horizontal support and trend line now form an expanding demand zone.
It is highly likely that the price will increase to at least the 173.00 resistance level.
CHF/JPY Sell Trade – Targeting 170.91661Pair: CHF/JPY 🇨🇭💴
Direction: Short 🔽
Target: 170.91661 🎯
Time Horizon: By Tuesday, Jan 21, 22:30 UTC ⏳
The pair is showing signs of potential downward movement after a recent consolidation phase. Market behavior suggests a possible retracement toward the 170.91661 level, aligning with observed patterns and price action.
This trade is expected to unfold by Tuesday at 22:30 UTC. Broader market conditions, including JPY demand and CHF sentiment, may influence the price trajectory. Monitoring closely for further confirmations. 🔍
CHFJPY FORECASTWhen I look the higher timeframe it gives me the sense of having this pair in watch. I see short-term selling potential before waiting for the bigger moves, after price gives me the message of what it wants to do in the bigger picture of the correction. Let's have a look on this to see how the market will be developing
CHF/JPY Sell Trade – Targeting 170.74298Pair: CHF/JPY 🇨🇭💴
Direction: Short 🔽
Target: 170.74298 🎯
Time Horizon: By Monday, Jan 20, 22:00 UTC ⏳
The pair has reached a notable level and is exhibiting signs of potential exhaustion. Recent price action suggests a possible retracement toward the 170.74298 level, aligning with observed market behavior.
This trade remains time-sensitive, with an expected conclusion by Monday at 22:00 UTC. Broader market dynamics, including JPY demand and risk sentiment, may influence the price movement. Monitoring closely for confirmation of anticipated market behavior 🔍.
GBP/JPY Short, NZD/JPY Long, USD/CAD Short and CHF/JPY ShortGBP/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/JPY Long
Minimum entry requirements:
• 1H impulse up above area of interest.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Short
Minimum entry requirements:
• If tight 15 min continuation forms, 5 min risk entry within it, or reduced risk entry on the break of it.
CHF/JPY Short
Minimum entry requirements:
• Corrective tap into area of value 1.
• 4H risk entry.
Minimum entry requirements:
• Tap into area of value 2.
• 1H impulse down below area of value 2.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.