CHFJPY is on the way of touching the all time high, making the history of CHF strongest dominance over JPY. We are expecting price to drop from 157-158 price range. Let's see how it performance.
it seems that the strength of up-trend is getting weaker and it's suitable for Sell (Short Position)
In the daily chart, we can see that CHF/JPY's rally has halted at the resistance level with the formation of a potential double top. So, based on the chart, a sell entry between 153.55-153.90 with SL above 154.50 and TP at 150 would be a good sell trade with great risk: reward.
CHFJPY TRADE IDEA THURSDAY 18 MAY 2023 Let's see how this pair will perform based on the analysis. Make sure you do your research and based on your confluence please look for the entry. Don't rush your trades without any confirmation. Trade safe and use always proper risk management. Thanks in advance for checking my trade idea.
Analysis of the CHFJPY currency pair reveals that it has risen above the two previous daily highs, tapping into buy-side liquidity. The potential for a price retracement exists given that this rally is overextended and has a price gap below. In the video, we look at a variety of aspects including price action, price gaps, trends, and key levels of support and...
Hello traders! ‼️ This is my perspective on CHFJPY. Technical analysis: As I expected in my previous analysis price filled the imbalance and rejected from bullish order block + institutional big figure 150.000. Now I see price to form new higher high. Like, comment and subscribe to be in touch with my content!
Hello traders! ‼️ This is my perspective on CHFJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to go a little bit lower and then to reject from bullish order block + institutional big figure 150.000. Like, comment and subscribe to be in touch with my content!
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CHFJPY shows bearish trend at 1H TF. There is bearish divergence and price action broken consecutive two HL's and made mature trend downward. Took two trades at 1:2 risk to reward ratio with different TP's level.
Hi fellow traders, CHFJPY has formed a new corrective structure after the last drop. Look for a sell opportunity from the blue box area. The trade will be invalidated if we break the red line. Target the support levels. Good luck and trade safe!
Perfect setup for Short technically. Price making Head and shoulder structure on 4H chart. Price under 20 and 50 SMA. Upward facing Trendline broken.
#CHFJPY in this Daily Chart Price will down in coming down because a proper double top will be available at this level.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Nobody needs to be 100% Right to make money. After all, you'll never pinpoint pick prices to the .cent. It's just not how things work. You need to spread yourself out and achieve good prices. That's because ultimately, people liquidate longs and the market slides. Be Ready and use DCA properly.
looks bearish trend? Rejection from the top with bearish divergence.
Currently, the CHF/JPY index is experiencing a decline. This index represents the exchange rate between the Swiss Franc (CHF) and the Japanese Yen (JPY), and is one of the less traded currency pairs in the forex market. Various factors can lead to the decline of the CHF/JPY index, including economic, political, and global developments. For example, changes in...