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CHFJPY : Short Trade , 1hHello traders, we would like to review the CHFJPY chart on the 1-hour time frame. The price is moving in an ascending channel and has reached the ceiling of the channel as well as the key level of 145.200, which the price has reacted to several times in the past. Considering that the price has broken the upward trend line and we also expect the specified key level to play a resistance role for us, there is a high probability that the price will make a correction and fall to the targets of 143,900 and 143,000. .Good luck.
Short
by mrAT_Trader
4
CHFJPY long 6hHello, my dear friends and fellow traders. What we are going to look at today is the CHF/JPY currency pair. Well, this stock has a bearish trend in the higher time frame, and it is currently trading in a sharp decline. But it has reached a support level in the sharp decline and is unable to break it. So, the price of this pair is showing a slight uptick. At this situation it is a good idea to take a long position in this space and expect a profit ratio of 1:3. Currently the buyers are more likely to jump into this currency pair. It is wise to follow your risk management before taking entry. I love to share my ideas. Feel free to revise the text and provide feedback. It makes it so personal and improve us in better ways. Thanks & regards, Alpha Trading Station FOREXCOM:CHFJPY Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
Long
by AlphaTradingStation
20 reasons for Sell CHFJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: 1979 to 2023, about 40 years double top 2 📆Monthly: A clean uptrend but now in the corrective mood 3 📅Weekly: structurally market is in downtrend 4 🕛Daily: a clean downtrend toward monthly retracement targets 😇7 Dimension analysis 🟢 analysis time frame: daily 5: 1 Price Structure: bear 6: 2 Pattern Candle Chart: flag 7: 3 Volume: biggest bearish volume 8: 4 Momentum UNCONVENTIONAL Rsi: Sideways 9: 5 Volatility measure Bollinger bands: middle band retracement 10: 6 Strength ADX: bears are in strength 11: 7 Sentiment ROC: joy is in strength ✔️ Entry Time Frame: H4 12: Entry TF Structure: bear 13: entry move: waiting impulse 14: Support resistance base: imbalance area 15: FIB: trigger event fill occurred ☑️ final comments: sell 16: 💡decision: sell pending order 17: 🚀Entry: 142.490 18: ✋Stop losel: 144.970 19: 🎯Take profit: 134,570 20: 😊Risk to reward Ratio: 1:4 🕛 Excepted Duration: 10 days
Short
by Optimum369
20 Reasons for sell CHFJPY MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑 🧐Eagle eye: The trend is Super bullish and also taps the highest Ob or resistance so that a reversal can start now-massive volume at the last 12-month candle sign, an execution volume sign of long deep retracement or correction Monthly: Last strong Bull move hit its target successfully, and now a deep correction is coming. The correction level is some whare 123.00, about 61% of the total move, because there is no FVG or Ob and other support. Weekly: A lot of liquidity grabs and long wicks bears candle appeared on the top, make back to back higher lows since the last 10 weeks SUMMARY 1 Structure analysis time frame: D1 a rectangle is formatted most probably lower trend line will breaks and prices will go done 2 target time frame: daily 3 Current Move: impulse 4 Entry Time Frame: H4 4.1 Entry TF Structure: bear 4.2 entry move: impulse 5 Support resistance base: h4 ob tap 6 FIB: 7-candle Pattern: Narrow range 8 Chart Pattern: head and shoulder 9 Volume: extremely high volume at the consolidation phase. It's strange and unusual. It means if the price may go down, it will be so sharp and perpendicular 10 Momentum UNCONVENTIONAL Rsi: super bearzone start 11 Volatility measure Bollinger bands: Walking on the band 12-strength ADX: bear 13 Sentiment ROC: JPY is weaker than CHF. This is not favorable but let see 14 final comments: wait till the lower trend line breakout immediately enter after the breakout 15: decision: sell 16 Entry: 144.785 17 Stop losel:146.345 18 Take profit: 134.55 19 Risk to reward Ratio:1:7 20 Excepted Duration: 15 days
Short
by Optimum369
20 Reason for Sell CHFJPYMULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑 🧐Eagle eye: The trend is Super bullish and also taps the highest Ob or resistance so that a reversal can start now-massive volume at the last 12-month candle sign, an execution volume sign of long deep retracement or correction Monthly: Last strong Bull move hit its target successfully, and now a deep correction is coming. The correction level is some whare 123.00, about 61% of the total move, because there is no FVG or Ob and other support. Weekly: A lot of liquidity grabs and long wicks bears candle appeared on the top, make back to back higher lows since the last 10 weeks SUMMARY 1 Structure analysis time frame: D1 a rectangle is formatted most probably lower trend line will breaks and prices will go done 2 target time frame: daily 3 Current Move: impulse 4 Entry Time Frame: H4 4.1 Entry TF Structure: bear 4.2 entry move: impulse 5 Support resistance base: h4 ob tap 6 FIB: 7-candle Pattern: Narrow range 8 Chart Pattern: head and shoulder 9 Volume: extremely high volume at the consolidation phase. It's strange and unusual. It means if the price may go down, it will be so sharp and perpendicular 10 Momentum UNCONVENTIONAL Rsi: sideways between 30 to 60 11 Volatility measure Bollinger bands: middle band resistance 12-strength ADX: full sideways 13 Sentiment ROC: JPY is weaker than CHF. This is not favorable but let see 14 final comments: wait till the lower trend line breakout immediately enter after the breakout 15: decision: sell 16 Entry: 144.785 17 Stop losel:146.345 18 Take profit: 134.55 19 Risk to reward Ratio:1:7 20 Excepted Duration: 15 days
Short
by Optimum369
CHFJPY Buy/Long1: Trendline Breakout 2: Symmetrical Triangle Pattern Breakout When looking at the larger time frames, we can see that CHFJPY is bullish . We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend. We have listed 2 reasons as to why we will be looking to buy the pair. The trendline breakout on the daily chart signals shows the pair might have gained interest of buyers. The symmetrical triangle pattern breakout further adds to our narrative of a continuation to the upside.
Long
by NDOBObanks
1