Overview: In recent analysis, the CHFJPY pair has shown signs of potential upward momentum. However, while bullish sentiment may prevail, it's essential to exercise caution due to the possibility of retracements, or even deep retracements, along the way. Reasons for Upward Momentum: Safe-Haven Dynamics: The Swiss Franc (CHF) and Japanese Yen (JPY) are both...
Monthly timeframe - Bullish market structure - Bullish M not completed yet - Targeting the 172.000 region Weekly timeframe - Bullish market structure - Shoulder 1 of the failed head and shoulders is now being used as support (failed first time break) - Bullish fib got activated - Bullish indicational candle Daily timeframe - Last daily low doesn't break -...
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.
There's quite a lot to unpack on this pair but to keep it simple, im seeing major divergence on RSI daily time frame which is indicating to me that there is a reversal on the way. This does not mean that a reversal is imminent but an 'INDICATION OR SIGN' that it might happen, so im waiting for confirmations on smaller time frames to jump in the game. Im seeing...
8.42pm - 9.10pm learned many lessons today -maybe I should just take 2 trades a day, I have a minor gambling addiction -NO HESITATION PLSSSSSS -stop. trading. after. your. gut. tells. you. to. or. after. you. took. enough. trades PnL: +0 pips - couldve been a +2RR day tho Ill take the weekend to reflect cause I NEED to lock in so bad - distractions while...
CHFJPY is neutral on its 1D technical outlook (RSI = 50.785, MACD = -0.360, ADX = 31.970) as the price action is ranged between the 1D MA50 and 1D MA200. The dominant pattern is a Channel Up however and with the price rebounding on the 1D MA200 (unbroken since March 29 2023) and the 1D MACD has formed a Bullish Cross, we expect the new HH leg to start. Our target...
- CHFJPY is currently moving in range. - No clear trend is defined. - Buy stop and Sell stop orders in place in case of breakout
The strength of CHFJPY rebounds has decreased. The chart came out of the descending channel. The price reached the resistance level coinciding with the 38.2% retracement level. We think that the pullback will take place after the resistance retest is completed. ------------------- Share your opinion in the comments and support the idea with a like. Thanks...
looks like potential bearish move comng up ... if so we will consider exeuting a traing to downside for huge profits!
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.