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JAPANESE YEN / SWISS FRANC

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JPYCHF trade ideas

Lingrid | CHFJPY Potential selling OPPORTUNITY at KEY resistanceThe price perfectly fulfilled my last idea, and it went up towards the resistance and hit TP. The price is overall in the range phase on the 4H timeframe, and currently it is pulling back to resistance after a massive sell-off or impulse leg. I think that the price might fall from the key resistance zone around the 170.000 and upward trendline as well as the upper border of the downward channel. I expect the price to roll back to the support level and retest the middle of the range zone below. My goal is the support level 168.000 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
3
CHF/JPY H4 | Potential bullish breakoutCHF/JPY is exhibiting strong bullish momentum and could potentially rise above a breakout level to climb higher. Buy entry is at 169.56 which is a breakout level ( wait for the 1-hour candle to close above 169.56 for confirmation ). Stop loss is at 169.00 which is a level that lies underneath the 23.6% Fibonacci retracement level. Take profit is at 170.14 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
CHFJPY Long1. Price Above 2 MA's 2. Price Above 200 MA 3. Nice bullish momentum candle 4. Currency Strenght Meter Confirmation 5. Trend Following Indicator Babypips Confirmation 6. PSAR Signal 7. JPY News Tomorrow as possible Catalyst 8. No strong resistance area above 9. Babypips BUY/SELL Confirmation 10. Stop Losses from Breakout traders taken on Lower Timeframe - M15 11. 2% Risk, 3:1 R:R 12. Exit on reverse signal, structure break, timestop when no volatility, change of scenario
Long
by Marteyfx
CHFJPY a good short?Last week's "Chart of the Day" highlighted the JPY futures (6J) as they were breaking down through wedge support. This has taken place, and now intervention talk is louder than ever. As this has happened, the risk for intervention has indeed increased and with the CHFJPY, it may pose a better risk/reward for fresh short positions (or long JPY). The Swiss National bank (SNB) keeps rates at 1.5%, which is lower than most G10 central banks. And with the Bank of Japan coming out of "negative rates" and eventually raising rates over time, the gap between the SNB and BOJ should tighten. Especially as the SNB is hell bent on bringing down the value of their currency and cutting rates near term. Technically, the CHFJPY has bounced back to the 61.8% retracement of the February highs to March lows. And this could allow for a good risk/reward entry for new short positions. Clearly, the 200dma has offered support, and a break below the 200dma may allow traders to add to a profitable position on any sustained break below the 200dma which could also suggest a rounded top reversal pattern is taking place longer term. 
Short
by ForexAnalytixPipczar
CHFJPY Trading Opportunity! SELL! My dear friends, Please, find my technical outlook for CHFJPY below: The price is coiling around a solid key level - 168.64 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 168.08 Safe Stop Loss - 168.96 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Idea Sharing: CHFJPY Upward Momentum with CautionOverview: In recent analysis, the CHFJPY pair has shown signs of potential upward momentum. However, while bullish sentiment may prevail, it's essential to exercise caution due to the possibility of retracements, or even deep retracements, along the way. Reasons for Upward Momentum: Safe-Haven Dynamics: The Swiss Franc (CHF) and Japanese Yen (JPY) are both considered safe-haven currencies. During times of uncertainty or market volatility, investors tend to flock to these currencies, driving up their value against riskier assets. Recent global economic uncertainties or geopolitical tensions may be contributing to this flight to safety. Technical Analysis: Technical indicators, such as moving averages, MACD (Moving Average Convergence Divergence), and RSI (Relative Strength Index), may be signaling bullish trends in the CHFJPY pair. Breakouts above key resistance levels or bullish chart patterns could further support the case for upward momentum. Fundamental Factors: Economic data releases, central bank policies, and geopolitical developments can all influence currency pairs. Positive economic indicators from Switzerland or Japan, along with central bank statements indicating a stable or improving economic outlook, could bolster confidence in the CHFJPY pair. Cautionary Notes: Retracement Risk: Even in the midst of upward momentum, markets rarely move in a straight line. Traders should be prepared for retracements, which are temporary pullbacks in price within the context of an overall trend. These retracements could be shallow, testing support levels, or deep, potentially triggering stop-loss orders. Volatility Concerns: CHFJPY, like any currency pair, is susceptible to sudden bouts of volatility. External factors such as unexpected economic data releases, geopolitical events, or shifts in market sentiment can lead to sharp price movements. Traders should be mindful of managing risk exposure and employing appropriate risk management strategies. Conclusion: While the CHFJPY pair may be poised for upward momentum, traders should approach with caution. Keeping an eye on technical indicators, monitoring fundamental developments, and staying vigilant against potential retracements are essential for navigating the market effectively. By combining a bullish outlook with prudent risk management, traders can seek opportunities while mitigating potential downsides. Feel free to adjust or expand on any part of this idea sharing as needed!
by lilchuck
Will CHFJPY complete its monthly fifth legMonthly timeframe - Bullish market structure - Bullish M not completed yet - Targeting the 172.000 region Weekly timeframe - Bullish market structure - Shoulder 1 of the failed head and shoulders is now being used as support (failed first time break) - Bullish fib got activated - Bullish indicational candle Daily timeframe - Last daily low doesn't break - Reversal indication + inverse head and shoulders + bullish M - Supply and demand zone + institutional candle - Limit time
Long
by VictorDierickx23
STILL POSSIBLE FOR FURTHER DOWNSIDE(CHFJPYThere's quite a lot to unpack on this pair but to keep it simple, im seeing major divergence on RSI daily time frame which is indicating to me that there is a reversal on the way. This does not mean that a reversal is imminent but an 'INDICATION OR SIGN' that it might happen, so im waiting for confirmations on smaller time frames to jump in the game. Im seeing impulses to the downside which is telling me theres not enough people interest in pushing chfjpy further at this moment in time. Im seeing a correction taking place so this is whats interesting me to go short. If you want to play it aggressive, then you could go short at where the sellers have left clues. The balls in your hands folks
Short
by Jordan591