BearishI think on bigger timeframes we are on a bearish trend and i think the short uptrend has been exhausted we can wait for a break out and sell.
JPYCHF trade ideas
Selling CHF/JPY (Swiss Franc vs Japanese Yen)OANDA:CHFJPY CHF/JPY: Hunting Bears in the Land of Samurai!
❗️ Sell CHF/JPY at 170.404 for a potential sweet downward ride!❗️
My analysis indicates that breaking above this level could trigger a bearish trend for this pair.
First target is 169.200, followed by 168.000 - be ready to lock in profits at these levels!
Remember:
Watch out for market whales! Stay tuned for economic news and events.
Manage your risk wisely. Don't go all-in - enter with a small position size.
This is just a suggestion, always do your own research before entering any trade
CHFJPY MARCH WEEK 5 OUTLOOK -
Daily - bearish bias held. it looks extended, so we can expect a pullback here.
Origin - asset will be bearish if price holds below** 168.663 - 169.042**. if it sustains above this zone, we can expect that pullback to continue. COT data does suggest neutral behavior but short contracts on JPY far outweigh CHF. so the pullback thesis works on that level as well.
CHFJPY Long TradeMARKET PHASE
OANDA:CHFJPY is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break lows within the corrective structure until it began to hold the bottom. There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has now started it’s initial move up but due to the velocity of the upward move, it's gapped orders around 168.624. Price may retrace back to this level to meet the demand on Sunday night EST or during the first London session next week. Once price reaches this level, we can expect a strong push upwards in the direction of the larger trend.
TRADE
I've placed my buy limit order on OANDA:CHFJPY as follows:
Buy Limit: 168.624
Stop Loss: 168.384
Take Profit: 169.104
RISK MANAGEMENT
R Ratio: 2
Equity at stake: 1%
Trail SL to 50% @ 1R
CHF/JPY 4h heading to Monthly PivotLooking at the CHF/JPY pair on the 4-hour chart, there are some interesting signals popping up:
Bollinger Bands : The price appears to be bouncing off the lower Bollinger Band. This indicates potential support at that level, suggesting a possible reversal in the short term. Bollinger Bands are volatility bands placed above and below a moving average. The bands widen when volatility increases and narrow when volatility decreases. When the price touches or moves outside of the bands, it's considered significant, potentially signaling overbought or oversold conditions.
MACD (Moving Average Convergence Divergence) : The MACD line has crossed above the signal line. This crossover is often interpreted as a bullish signal, indicating that the momentum of the price action is shifting upward. MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period EMA (Exponential Moving Average) from the 12-period EMA.
Considering these indicators, there's a suggestion that the price might continue to rise. The next notable level to watch out for is around the monthly pivot point at approximately 170.182. Pivot points are significant levels used by traders to determine potential support and resistance areas based on the previous period's high, low, and close prices.
With these signals in mind, it seems there's a bullish bias in the short term for CHF/JPY, with potential for a move towards the monthly pivot point.
CHFJPY Possible Short PositionH4 - ReEntry
H1- 50 EMA Rejection + Extreme Sell
M15- wait for CSAK + Retest in MAHILO min 15m
Note:
* Cancel trade or cut-loss when candle close above MAHI in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
CHFJPY - Bullish price action ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block + institutional big figure 168.000.
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CHFJPYCHFJPY bounced from the demand area which is indicating buying factor. Hold off until you see a clear break of the downward risk trendline which i indicated with red color. It shows we are being cautious and looking for that solid sign that the pair's ready to shift from the current demand zone. The patience for confirmation can definetely pay off. Just remember to stay updated with any news that could impact the CHFJPY while you are on stanby. I will make an update when it is ready for entry. Trade wisely
CHFJPY Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for CHFJPY below:
The price is coiling around a solid key level - 170.37
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 169.45
Safe Stop Loss - 170.92
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
chfjpyWe are going to look for sell in this pair.
The movement at least till CHF interest rate, it has not be down movement.
Good luck, blessings.
CHF/JPY H1 | Potential bullish bounceCHF/JPY could fall towards an overlap support and potentially bounce off this level to climb higher.
Buy entry is at 169.724 which is an overlap support.
Stop loss is at 169.100 which is a level that lies underneath an overlap support.
Take profit is at 170.612 which is a swing-high resistance.
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CHFJPY ShortMARKET PHASE
OANDA:CHFJPY is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. During London session, price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has started it's initial move down but due to the velocity of the downward move, it's gapped some orders around 170.280. Price has retraced to this level to capture additional supply.
TRADE
I have entered short on OANDA:CHFJPY with the following parameters:
Sell Limit: 170.280
Stop Loss: 170.490
Take Profit: 169.860
CHFJpy still bullish?!Price seems to still be quite bullish with this three wave correction for buys. In the 1 hour.
Bearish Bat on CHF JPYHi Guys,
Recent news events have weighed heavily on the Japanese Yen and thus all currencies against the Yen have seen a spike. CHF JPY, which has corrected from the highs was one of those pairs and had a strong rise up after the news.
Currently the pair is heading towards a supply zone where a bearish bat pattern is forming and entry lands right in the supply zone.
The highlighted blue box is area where supply zone , harmonic pattern and fibonnaci retracement 61.8 of high to recent low all give confluence if a sell setup becomes apparent.
Midpoint B would be the take profit as it looks like this pair has strong buying momentum at the moment.
Safe Trading all.
CHFJPY Short Market is finding resistance under ascending pennant, ascending expanding channel and within horizontal range.
Short trade to bottom of current range.
Safe Trading!!
CHFJPY - Looking To Buy Pullbacks In The Short termH4 - Bullish trend pattern.
Higher highs.
No opposite signs.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
Short CHFJPYHi there traders I am back with another signal.
Sell CHFJPY at market
SL 171.025
TP 164.33
Let it go! Prediction successful.Now, is retracement time. Let's see, volume is still high and it should drop with a retracement or a wave. If retracement is successful then an accumulation should happen. And then decide trend.
CHFJPY I Yen slides amid BOJ policy shift I Pullback & GrowthWelcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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CHFJPYCHFJPY has given the clean breakout of long term consolidation and strong bullish divergence( on lower time frame) indicating the buyers are getting ready for strong upside move. And now the market is retesting the broken level. sellers seems to be exhausted.
if this breakout holds the next upside targets will be 170 followed by 180.
