CHFJPY BUY TRADE PLAN🔥 CHF/JPY TRADE PLAN – BUY SETUP
📅 Date: 14 April 2025
🔖 Plan Type:
Secondary Intraday Opportunity
📈 Bias & Trade Type:
Bullish Continuation
🔰 Confidence Level: ⭐⭐⭐ (70%)
Reasons / Confluences:
– Strong W1 & D1 bullish trend intact
– Bullish flag breakout on H1
– Demand imbalance below 174.00
– No break of structure yet on HTFs
– Yen weakness still evident intraday
📌 Status:
Not Triggered – Waiting for bullish confirmation from demand base
📍 Entry Zones:
🟩 Primary Buy Zone: 173.85 – 174.20
(OB + demand zone + fair value gap + 50 EMA zone)
🔁 Entry on M15–H1 bullish wick, engulfing, or divergence
🟨 Secondary Buy Zone: 172.80 – 173.20
(Liquidity sweep below consolidation + FVG + lower OB stack)
🔁 Entry only on clear rejection and reclaim of 173.20 zone
❗ Stop Loss:
Below 172.60
(Invalidates structure + breaks HTF demand)
🎯 Take Profits:
🎯 TP1: 175.30 → Previous high and imbalance fill
🎯 TP2: 176.00 → HTF supply top
🎯 TP3: 176.65 → Weekly high / liquidity magnet
📏 Risk:Reward:
Up to 1:3.8 depending on zone and trigger method
🧠 Management Strategy:
– Move SL to BE after TP1 hit
– Partial close at TP1, scale out at TP2
– Trail rest above 176.00 with EMA or fractal method
⚠️ Confirmation Criteria:
– M15–H1 bullish engulfing / divergence / demand reclaim
– RSI or OBV rising on entry trigger
– Volume expansion on breakout candles
⏳ Validity:
Valid 36 Hrs or upon structure break
🌐 Fundamentals:
– CHF strength driven by SNB neutral stance
– JPY still under pressure from dovish BOJ tone
– Overall risk-on sentiment lifting CHF/JPY
📋 Final Summary:
While the pair currently sits in HTF supply, price has yet to confirm any bearish continuation. Therefore, a short-term bullish continuation is possible on pullbacks into clean demand pockets below. This buy setup allows for strategic long positions as long as confirmation holds at key levels.
