CHFJPYCHFJPY is in bear trend and making its lh and testing its fib retracment with 0.5-0.618 fib
With no rsi divergance at bottom
short with sl above LH
CHFJPY trade ideas
CHF/JPY For Bullishyou can go long now
or
wait for entry point and then go long
- General Trend is up
- JPY under pressure
have fun :)
CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
CHF/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 173.206 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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CHFJPY is in the Buying Direction testing major support levelHello Traders
In This Chart CHFJPY HOURLY Forex Forecast By FOREX PLANET
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🟢This Chart includes_ (CHFJPY market update)
🟢What is The Next Opportunity on CHFJPY Market
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
CHFJPY | 21.10.2024SELL 173.450 | STOP 173.900 | TAKE 173.000 | The CHFJPY pair is correcting in a sideways trend at the level of 174.000 - 172.400 amid weak expectations of monetary policy tightening by the Bank of Japan at the meeting on October 31.
CHFJPY: Bearish Continuation is Expected! Here is Why:
Looking at the chart of CHFJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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21-10 ProbelegNew trade entered at 172.54. The MAcd shows a trend change. There seems to be a channel between 170 and 173. The pair is now on the upper bands, which has created an overbuy position.
Still selling off resistance plus oversoldHigher low higher hi- trend with candlesticks
Overbought MacD and RSI
Peak indicator peak.ex4
Resistance holding
Moving average + Bearish big candlesticks
BUY CHFJPY - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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CHFJPY Short?????This idea is based on my analysis. Please use SL/TP wisely
TP1 @172.500
TP2 @ 171.690
TP3 @ 170.500
Goodluck
CHFJPY short movePrice is rising towards our resistance level, any bearish reaction cloud lead fall in price.
CHFJPY is BearishPrice was in a strong uptrend, however it seems that bulls are exhausted and need a breather. Bears on the contrary smelled weakness and are trying to seize control of the price action, they have managed to break the previous higher low, and if the bearish pressure sustains we can expect further slide in price. Targets are mentioned on the chart.
CHFJPY FORECASTThis pair is looking promising due to price nature and structures. When we look from the higher time frame everything is looking good, however that is not only thing that will make us to enter this position. We better wait for the confirmation so that we reduce risk of the trade and the good thing is, the market always communicate before going.
CHFJPY to Drop to 3 Possible TargetsAccording to this innovative unpublished indicator with use only with 4H chart, trend will continue down. According to my Fibonacci Study with retracement to extensions, the retracement to 76.4% will extend price to 3 targets,
TP1
172.335
TP2
171.844
TP3
171.006
CHFJPY: Technically topped. Short opportunity.CHFJPY is on bullish 1D technicals (RSI = 59.579, MACD = 1.000, ADX = 53.750) but for the past 2 days have deen declining. This suggests that the top is has been priced and a technical pullback is to follow. The 1D MACD is on the verge of a Bearish Cross. All previous uptrend corrections hit or came close ot the 0.618 Fib. Consequently, we turn bearish on the short term (TP = 170.000).
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CHFJPY Is Very Bullish! Buy!
Please, check our technical outlook for CHFJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 172.971.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 173.863 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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CHF-JPY Growth Ahead! Buy!
Hello,Traders!
CHF-JPY is going down
To retest the horizontal
Support of 172.520
While trading in an uptrend
So we are bullish biased
And we will be expecting
A further move up
Buy!
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Check out other forecasts below too!
CHFJPY Up Channel Buy at SupportI placed two buy limit orders at the support of the up channel.
Am going for 2 positions. 1st for 1R BE. 2nd for 2.08R Max.
CHF/JPY LONG FROM SUPPORT
Hello, Friends!
It makes sense for us to go long on CHF/JPY right now from the support line below with the target of 173.514 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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CHFJPY - Bearish TrendCHFJPY is making Ascending Triangle Pattern, will it breakout to reach target?
Entry, Stop Loss & Take Profit are mentioned.
CHF Fundamentals: SNB is reducing policy rates since March 2024, SNB rate cut as from 1.25% to 1% recently may result in weak CHF.
JPY Fundamentals: BOJ is increasing policy rates since March 2024, which is causing continuous strength in JPY.
Update idea
#CHFJPY bearish high potential moveA clear 5-wave bullish move has formed, with the fifth wave taking the shape of an ending diagonal, or what could also be termed a rising wedge pattern. Regardless of terminology, this is a bearish pattern with a high potential for reward.
Further confirmations include a bearish divergence between price and the MACD oscillator during the formation of wave five, as well as price reaching one of the key Fibonacci targets for the completion of the fifth wave.
To enter the trade, ensure you wait for a proper bearish breakout of a rising wedge pattern.
70 pips or even more to the downsideLooks like CHFJPY has completed the uptrend and is now reversing. My first potential take profit target is around 70 pips to the downside, don't exclude it going lower and giving us almost 180 pips.
CHFJPY: Market of Buyers
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy CHFJPY.
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