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Chfjpyanalysis

CHFJPY I Short from historical highsHello,Traders! . . . . . CHFJPY is trading in an uptrend on all HTF's however it is retesting the previous historical high. While shorts are risky, they are worth considering due to changes in Yen monetary policy expected to release soon (possibly year-end). Price is currently rejecting the trend line resistance and there is divergence on the weekly. This is a great idea for swing traders who have strategic risk management skills and the tolerance to hold. SHORT! Trade safe and good luck! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Short
by BKTradingAcademy
DeGRAM | CHFJPY massive divergence. Selling opportunityCHFJPY broke out of the descending channel and reached a strong resistance level. The market is getting close to the kill zone, which includes psychological level 166.000, dynamic resistance as well as fibo level, and a massive divergence. The price is likely to rebound from resistance and retest the support level . ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
4
CHFJPY Technical Analysis📈 CHFJPY Technical Analysis 📉 Hey Traders! 👋 Let's take a closer look at the CHFJPY currency pair, as there's some exciting potential brewing in the charts. 📊 🔍 Current Price Levels: CHFJPY is currently trading at 165.6. 📈 🔙 Possible Pullback: We might see a pullback from the current price levels. This could be driven by recent geopolitical tensions, such as the Israel-Gaza conflict, causing both Swiss Franc (CHF) and Japanese Yen (JPY) to act as safe havens. 🌍 📆 August 2023 Resistance: The pair is eyeing a retest of the August 2023 resistance level at 166.582. 🎯 📉 JXY Currency Index: JXY (Japanese Yen Index) was bearish yesterday, which could weigh on the Yen's strength. 🐻 📈 SXY Currency Index: SXY (Swiss Franc Index) showed a bullish trend, highlighting the potential strength of the Swiss Franc. 🐃 🔍 What to Expect: With both bullish and bearish signals in play, we might see a retest of the resistance level soon. However, it's important to note a bearish divergence, which suggests a pullback might precede the upward movement. 📚 Educational Opportunity: This scenario showcases the complexity of the forex market, where multiple factors influence currency movements. It's essential to stay informed and use technical analysis alongside fundamental factors to make informed trading decisions. 📖📈 📣 Share your thoughts! What's your take on CHFJPY? Are you looking for a potential entry point during the pullback? Share your insights and strategies in the comments below! 👇💬 #ForexAnalysis #CHFJPY #TechnicalAnalysis #CurrencyTrading #SafeHavens #GeopoliticalEvents #Divergence #TradingStrategies
by T-Q
CHFJPY ⬇️ 540 pips trade .Hello Everyone 🙋🏽‍♂️ Sell order 🟢 161.600 🟢 159.000 🔴 166.600 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
Short
by EMA_Trading
2
CHFJPY I Potential Short from Resistance Welcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
1
CHFJPY – is this pretty picture tradeable?? … the week of 18/09These lines I drew make a pretty picture for sure 😊. But the big question is am I reading the price action correctly and are my expectations reasonable? We will find that out soon. My daily chart shows clearly how I read the movement in this pair so far and what I expect next. However, here are a few main points: Triple top followed by a series of lower highs. About 8 weeks of consolidation, higher prices not accepted by the market. Price contained between a downward sloping trend line and a horizontal one at 164.00 A squeeze to the downside is in progress and IMO a breakout as shown will likely occur. I will be monitoring H4 and H1 charts to confirm if this does happen. Monitoring PA in other JPY crosses will also be useful. A good level to target will be around the 160.00 area. Being prepared for the unexpected is a good idea in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
6
CHFJPY I Expect to fall further toward next supportWelcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
25
CHFJPY SHORT SETUPCONFLUENCE 1. Major Down-Trend with another minor DOWNTREND. 2. Previous Daily Candlestick breaks the last 7 candles structure and last 2 swing low. 3. Swing Low Break of Structure on Daily Timeframe. 4. Order Block highs is the Swing High. 5. Order BLOCK created a very wide FVG/imbalance right beneath itself in cause of an "Order-Flow" which is pulling back price to the spot for a "SHORT". 6. A Strong Sell Side Order Flow in 2bars of the 4H Timeframe. There are 2 possible entries here First Possible Entry. Entry: 164.825 SL: 165.175 (35pips) TP: 163.230 (159pips) Second Possible Entry. Entry: 164.570 SL: 165.175 (60pips) TP: 163.230 (134pips)
Short
by oluwaleyefaith27765
Is the Top In ?? Time For the Monthly Reversal ?This is a follow-up to the idea I presented last month regarding this pair being severely overbought on longer timeframes. The existing price action strongly suggests that a downward cycle is imminent. Here's my rationale. In the past three weeks, each weekly candlestick has initially surged to new highs before experiencing a significant selloff in the second half of the week. The 166 level is proving to be a key High Time Frame (HTF) resistance level, with sellers ardently defending this level. See the chart below for the visual When we look at the daily charts, reversal indicators become even more prominent. It appears we have now entered a distribution cycle , a sideways movement often seen following a long rally in price. This cycle is more easily identifiable on shorter timeframes, but its appearance on a daily chart strongly points to an impending downward move. The daily charts show the distribution trading range between 164.5 and 166.3. A decisive break and close beneath 164.5 would serve as a conservative entry point for traders. Additionally, my TRFX indicator has just signaled its first daily sell alert in quite a while. This is a high-probability indicator for me and prompts my re-entry into the market. There's a possibility for a minor rally up to the 165.5 level, but I anticipate a substantial sell-off to occur, targeting the 158.7 level which marked July's low. This trade is expected to unfold in the weeks leading up to the next Bank of Japan (BOJ) meeting. The potential drop could provide an entry point for buyers eyeing another upward push. However, given the extreme overbought conditions evident on the monthly charts and now we are approaching the last Quarter of the year, we might see a deeper correction down to the 150 level, a prior monthly high, which could spark profit taking over the coming months. This becomes more likely if the 158.7 level gives way. I will hold this trade as the profit potential is huge and given the reasons above anyone buying at these highs should be very cautious as the higher timeframes looking to be pointing to large players positioning for a downward move. Let's see how it unfolds.
Short
by TheFxAce
27
CHFJPY Long Term Trading IdeaHello Traders In This Chart NATGAS HOURLY Forex Forecast By FOREX PLANET today NATGAS analysis 👆 🟢This Chart includes_ (NATGAS market update) 🟢What is The Next Opportunity on NATGAS Market 🟢how to Enter to the Valid Entry With Assurance Profit 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
Short
by ForexPlanet20