- 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.
Drawing from insights gleaned on the daily timeframe, an auspicious opportunity emerges to initiate a buy position on CHFJPY at the current juncture. Despite the inherent risk, this analysis suggests a favorable upside potential in the forthcoming sessions. Let us observe attentively as market dynamics unfold, monitoring closely the progression of this strategic trade.
I am going long CHFJPY at market price. Long term trade. SL : 167.08 TP: 170.75 I am only sharing my trades, not a recommendation to the market.
CHFJPY is in a correction period. at the support level 166.919 if the price cannot break through It is expected that in the short term there is a chance that prices will rebound. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
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 Chart shows bearish Trend as its printing Lower Highs and Lower Lows The RSI also Shows a Bearish Trend and their is no divergence.
The CHFJPY has shown a significant upward trend, staying above the swing low. This suggests strong demand for this pair, meaning there's a lot of interest from buyers. So, we're looking to place a buy order and aim for profits based on how the market is moving.
I am buying the CHFJPY currency pair. SL: 167.15 TP: 170.014 I am only sharing my trade signals, not a recommendation to enter the markets .
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 failed to renew the recent low and is moving near the psychological level of 167.000. The chart is forming a rounded bottom, which indicates an imminent reversal of the price direction. We expect a correction of the price drop after the chart fixes the nearest level. ------------------- Share your opinion in the comments and support the idea with like....
The price has been moving in the Descending channel for more than a month. March 27 - the price reached the lower level of the channel, which gave the mood to BUY. However, on the way we have a strong level - 167.280. This zone will slow down the price. But yesterday the price still consolidated at this level. This means that now she has enough strength to take...