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JAPANESE YEN / SWISS FRANC

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JPYCHF trade ideas

Happy New Year 2024| Learn Our Methods | Read Description|Happy New Year Everyone 2024: Let's first talk about CHFJPY then we will talk about how you can improve and learn some tips. CHFJPY in last six or seven months price overbought heavily due to JPY poor performance and government's zero intention to interfere in the market. However, many reports suggests that JPY will likely to be rebound in first quarter of 2024 in this case we can see a strong shift in price characteristics. Our first entry indicates, that we should expect price to continue the bearish momentum and drop from current area of the price. However, as we will having NFP in the first week of the month, it is likely to see some unexpected movement in the market. Second entry, is when price fill the gaps in the market and then drop smoothly, we will keep you updated. We want all of you to succeed in the forex or commodities trading. Here how you can improve: Firstly find one or two pairs that suits you: meaning if you focus on every single instruments available to trade in the market, you will never succeed instead focus on one or two pairs and master them, know how and when these pairs move, what factors influence them in the market and trade swing highs and lows. Secondly, use longer time frames to have a better vision, have a longer vision which will help you catch the big moves, yes, it is time consuming but if you are beginner then focus first in this and then along the way you will learn intraday trading. Lastly, learn more about consolidation, accumulation and distribution: before the big reversal, price first will consolidate then accumulate and distribute, you should be looking to enter in phase of accumulation and take every enter when price consolidate which leads to a breakout. If you learn above information in details and practice, your chances of becoming a successful trade increase. There is no overnight success, it is all hard work, if you believe in your self and focus on above things you will one day be proud of yourself. Happy New Year and Trade Safe 2024. We wish all of you all the best. Team Setupsfx_
Education
by Setupsfx_
11
CHFJPY Short Idea Intra-day trading 4H entry TFHappy New Year Guys! Its your girl Forex Potatoe we smash the charts and here we are in 2024 ready to smash it again!. CHF JPY has been in a prolonged uptrend and showing weakness as buyers are beginning to loose steam and momentum slowing down from buyers side. Price broke weekly and daily lows and currently bias changed to Sell on 3 TimeFrames. What i hope to see before entering this trade is the trendline broken (which has broken a bit), i also need to see the support broken and the last low taken out before i'd be interested in taking a sell. I Predict CHFJPY sells to the TP point on the last Low. Kindly follow me as i would be breaking down my analysis from time to time and posting videos as well mostly for beginners and intermediate traders that need to understand market structure, and how to execute trades. My goal is to simplify the charts and smash it so you can be a better traders Tell me what you think about this idea.
Short
by ForexPotatoe