Hello traders, we want to check the CHFJPY chart. The price has broken the ascending channel to the bottom and pulled back to the key level indicated. If this level can play the role of a resistance level and maintain the downward trend of the price, we expect the price to fall to around 161.950 and if it can break this level, the next price target will be...
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This is a follow-up to the idea I presented last month regarding this pair being severely overbought on longer timeframes. The existing price action strongly suggests that a downward cycle is imminent. Here's my rationale. In the past three weeks, each weekly candlestick has initially surged to new highs before experiencing a significant selloff in the second...
✅CHF_JPY broke the key Horizontal level of 164.37 So we are now bearish biased So I think that we will see A local move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
CHFJPY is in a correction. and in the zone of overbought pressure If the price fails to break through the resistance 166.296, it is expected that the price will go down. >> GooD Luck 😊
CHFJPY has been experiencing a bullish trend since January 2023. From 137.50, the price is going up. Last month, we saw that the high price of CHFJPY was 166.50, and after that, it has gone down. We have identified a pattern of falling wedge. Breaking the wedge resistance will result in a higher price, as we believe. TP - 166.30 SL - Join Our Channel
Hello traders, There is one entry and one TP for this pair. We do not short just because we believe there are too many levels just so close together so RtoR of short options do not worth the risk. Levels calculated order_block, regarding support and resistances, channel and pivot points.
The CHFJPY pair is trading above the 1D MA50, holding it tightly for the past 10 days. Technically that is the long-term Support trend-line since March 29, while the long-term pattern has been a Channel Up. As long as the price is trading above the 1D MA50, we are bullish, targeting 171.000 (+8.00% increase). If the price breaks below the bottom (Higher Lows...
CHFJPY is falling towards a multi-swing-low pullback support and could potentially bounce off this level to climb higher. Buy entry is at 164.096 which is a pullback support. Stop loss is at 163.400 which is a level that aligns under the 78.6% Fibonacci projection level. Take profit is at 165.457 which is a recent swing-high resistance. High Risk Investment...
CHFJPY could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 164.259 which is a pullback support that aligns with the 78.6% Fibonacci projection level. Stop loss is at 163.800 which is a support level that aligns under a confluence of Fibonacci levels i.e. the -27.2% expansion and the 100.0% projection...
i think price would go down at this point this position is very risky..i am predicting :D its wrong work anyway pay attention to this chart pattern :)
CHFJPY is trading in descending channel and printing consistent LLs LHs. currently the price is facing resistance from channel trendline which is also a strong resistance zone. If the sell momentum continues the next target could be 164 region. What you guys think of this idea.
CHFJPY is on a strong bullish trend playing inside a channel which is about to look for a possible retracement to the downside with a perfect breakout on the trend line/lower boundary formed. Here we expect a decent 38%-50% correction leg to be created to the downside.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Entry : 165.100 SL : 165.830 TP : 162.222 RRR : 1/3.90 Every trade has risk!! So please set SL with your own caution and always follow my orders at Tradingview !! Support Broker with me in the Bio section
In my previously published idea, I expressed by bearish opinion on $FOREXCOM:CHFJPY. Looking intraday at the 4-hour timeframe, my bearish sentiment has weakened. The current 164.5 lower boundary maintains an unclean hold. However, this latest price breach lower was rather weak. After price crossed below this level, it quickly traded above it within the next...
Hey guys! It's Been a while, I know. I wanted to breakdown CHFJPY and talk a bit about how my trading has changed. I hope this is helpful and informative. If you find value in these kinds of videos please leave a like. Thanks 👍