Waiting for a possible entry. Looking at the recent movement , price has been making higher highs and higher lows on the daily time frame. Chart patterns like Harmonic Bat pattern and AB=CD pattern could be a likely confirmation for our bias. Waiting for price to retest our recent support at 167.078
Downtrend Elliot Wave finish. Still waiting for C of ABC to finish with an E.W, that, only takes the chart to reach 300% and higher to make the fifth peak. News are on standby, so it should go according to plan.
CHFJPY is running in tight support and resistance in 1hour
CHFJPY is currently trading sideways which makes the application of support and resistance strategy more suitable.
The CHF/JPY pair on the M30 timeframe presents a potentially interesting situation with a triangle breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the triangle, ideally around 167.60 after confirmation. Target Levels: 168.75: This represents the height of the triangle, measured from the apex (highest or lowest point) to the...
Hey Traders, In this video I will cover an in-depth study on how the decisions of Central Banks concerning interest rates dictate the velocity of any market move in Forex. This is something you really need to know if you are trading any FX pair, especially the JPY or CHF. The deviation between the central banks of the two is a growing deep and this is driving...
CHFJPY is moving in a descending channel between two trend lines. The volatility of the price movement has decreased, which may signal an upcoming decline. We think that the price may test the resistance again and then pullback to the 50% retracement level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for...
Time go short. CHFJPY is currently consolidating on the higher time (4hr) so im looking to capitalise on the move to target 166.548. First target 167.527 second target 167.228 third target 166.578 So lets see what happens guys
A price action below 167.75 supports a bearish trend direction. Bearish confirmation for a break below 167.35. The target price is set at 165.40 (the major support trendline). The stop-loss is set at 169.85 (its 23.6% Fibonacci retracement level). Crossing below its 200-day might support further downside potential.
Hello,Friends! The BB upper band is nearby so CHF-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 166.508. ✅LIKE AND COMMENT MY IDEAS✅
- Support and resistance levels are crucial in range-bound markets. - Support prevents prices from falling further, resistance stops prices from rising. - Traders use technical indicators and chart patterns to identify these levels. - Prices can break through support and resistance levels. - Traders make decisions based on these levels alongside other factors like...
Daily - looks good for shorts as long as price stays below 167.982. if price holds above 168.865, we switch bias to long. Origin - not fully aligned with daily. right now price looks good for longs but considering daily, that move could be short lived. so I will look for fresh shorts only after price clears 167.471
BOJ dovishness has been somewhat being positive for most JPY pairs especially CHFJPY. As we can see on the chart, the market is hovering around weekly demand structure and from here, I believe we will keep on moving south in the forthcoming weeks. Trade safe! Carpe diem!
CHFJPY Inside a complex pattern Technical Analysis: The price is developing a large corrective pattern. The C wave looks completed and the price is also losing the bullish steam on the 4-hour chart. During the last days the price also created some bearish 4 hour candles by rising the chances for the bearish wave we are looking at. A break out of the price...
This Weekly FORECAST Opportunity for CHFJPY. This setup trading idea is for swing. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.
Hello traders! ‼️ This is my perspective on CHFJPY. Technical analysis: As we can see from chart price here was in an accumulation phase for the last 2 weeks and on Friday it manipulation buy side liquidity, so now I expect distribution lower for sell side liquidity. Like, comment and subscribe to be in touch with my content!
This trade Idea uses the Smart Cloud System as Its primary tool to gain the Mark-Up Data.
CHFJPY trading bullish for a long time. Now I think it will start falling. It is very hard to analyse technically when price at All-To-High. But i think because of last changes made by Bank of Japan price will start to drop. Actually from 4 hour chart it is already started, it is traded in range and now dropping by making falling channel.