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JAPANESE YEN / SWISS FRANC

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JPYCHF trade ideas

Lingrid | CHFJPY short from KEY RESISTANCE zoneFX:CHFJPY is currently in a significant bearish trend, fluctuating just above the psychological level of 170.000. I believe that if the price fails to break through the resistance at 173.000 and the upper border of the downward channel, there is high chance the price continue to moing downwards after taking liquidity above the previous day's high. I am anticipating that the price to pull back to the support level from the resistance zone, as it has respected this resistance in the past by rebounding from it. My goal is to support level at 169.580 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
5
CHF/JPY 1D SHORT - 200EMA targetDear All, This idea is based on few key indicators of the price overheat and early signs of reversal- 200daily EMA hasn't been in contact for a long long time, RSI overbought also the divergency as can be seen. I have estimated the profit to loss ratio at 1:5 lets see if I'm right, you're welcome to copy at your own risk as this idea is just an idea and I do not advise only share my thoughts! Also do not forget to risk only as much as you're able to loose otherwise it can hurt, hence s/l and close your position manage your finance wisely :)
Short
by lb-counts
CHF/JPY Day Trading Analysis With Volume ProfileOn CHF/JPY, it's nice to see a strong sell-off from the price of 175.83. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade. Happy trading, Dale
by Trader_Dale
Forex Signal Alert: CHFJPY Pair AnalysisDear Traders, We have identified a promising trading opportunity for the CHFJPY currency pair. Direction: Sell Enter Price: 173.941 Take Profit: 173.28066667 Stop Loss: 174.86166667 Rationale: Based on our analysis using the EASY Quantum Ai strategy, we predict a downward movement for the CHFJPY pair. Our strategy incorporates multiple technical indicators and market sentiment analysis that suggest a bearish trend. Specifically, we have identified an overbought condition and potential reversal signs, which support the sell recommendation. 1. Overbought Conditions: Oscillators such as RSI and Stochastic indicate that CHFJPY is in the overbought territory, increasing the likelihood of a price correction. 2. Market Sentiment: Recent market events and fundamental analyses suggest a weakening of the Swiss Franc against the Japanese Yen, driven by differing economic policies and market reactions. 3. Technical Patterns: Chart patterns such as head and shoulders and double tops have emerged, supporting our bearish outlook. Stay vigilant and adjust your positions accordingly. Trade responsibly! Best regards, Your Trading Team
Short
by ForexRobotEasy
1
CHFJPY BearBearBias Bearish from H4 TF Fundamental JPY is strong with a lot of bullish data. CHF is fairly strong but interest rate come down Price Action Price retrace back into Daily SR level. Formed a double top pattern. Price breakout of the SR level of H1 rejected from Daily S/R level. Price is bearish to continue the H4 trend align with the Trendline Confluence Reject daily S/R level & H4 bearish trendline. Formed double top pattern and broke lower low close. H1 SR level and bullish trendline both got broke which make it a strong confluence point Setup Short Entry Broken H1 SR level. SL 2x ATR(20) TP Next daily SR level below. R:R 1:3
Short
by royschen07