CHFJPY trade ideas
Short CHF/JPYThe price touched 2 side way channels top line area and bounced back to South. There is a beautiful butterfly pattern generated and current it is in D point.
Try to short and ideal take profit position is in side way channel bottom line area.
CHFJPY Bullish Momentum from Key Trend LineCHFJPY is currently showing bullish momentum, with a recent touch and bounce off the trend line. This rebound suggests a continuation of the upward trend, offering a potential entry point for traders.
CHFJPY: Bearish Move From Resistance 🇨🇭🇯🇵
CHFJPY looks bearish after a test of a key daily/intraday horizontal resistance.
Our bearish signal is a breakout of a support line of a bullish flag pattern
on an hourly time frame.
The price is going to retrace at least to 174.56 level.
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CHFJPY, Bearish Trend after Head and Shoulder FormationHead and Shoulder Formation
bearish trend indication
Weekly support broken
Breakout retest
further bearish activity expected
Short sell @ CMP
stoploss above support level
CHFJPY-Bullish Reversal in Sight After Morning Star FormationThe CHF/JPY pair is currently displaying signs of a potential bullish reversal on the 4-hour timeframe, after breaking out of a consolidation phase. The pair has shown resilience at key support levels, with candlestick patterns and trend indicators suggesting a probable upside movement.
Key Technical Observations:
Three White Soldiers Pattern:
The Three White Soldiers formation observed on the left side of the chart is a strong bullish reversal signal, often indicating the end of a downtrend and the start of a bullish phase.
This pattern was followed by a significant upward rally, highlighting increased buying interest in CHF/JPY.
Sideways Movement:
After the initial bullish surge, the price entered a prolonged sideways consolidation phase, spanning around 62 bars (approximately 14 days and 9 hours), as highlighted in the chart.
This period of indecision reflects a tug-of-war between buyers and sellers, with no clear directional bias.
Support and Resistance Levels:
The support level at 174.414 acted as a strong floor, preventing further declines.
Another critical support zone was observed around 174.130, where the price recently bounced back, forming a bullish Morning Star candlestick pattern, further affirming the potential for an upward move.
The current resistance zone to watch is 176.958, which acts as the primary target for the bulls.
Morning Star Pattern:
The Morning Star pattern that emerged near the 174.130 support level is a strong bullish signal, indicating the likelihood of a trend reversal from bearish to bullish.
This pattern typically shows a shift in market sentiment, where buyers gain control after a period of selling pressure.
Trend Analysis:
The recent downtrend (marked by the red arrow) seems to have concluded as the pair finds support and forms a bullish candlestick reversal pattern.
An upward movement is expected if CHF/JPY can hold above the 174.414 support zone and breach the minor resistance at 175.014.
Trade Setup:
Bullish Scenario:
If the price continues to hold above the 174.414 support, there is a high probability of an uptrend resumption.
A break above the 175.014 resistance could lead to a rally towards the primary target at 176.958.
Conservative traders may wait for a confirmed breakout above 175.014 with a retest before entering long positions.
Bearish Scenario:
A failure to sustain above the 174.414 support could lead to further downside, with potential targets around the 172.642 support zone.
Bears may consider entering short positions if the price breaks below 174.130 with high selling volume.
Conclusion:
The CHF/JPY 4-hour chart analysis suggests a potential bullish recovery, driven by strong candlestick patterns and solid support levels. However, traders should keep an eye on the key resistance at 175.014 and 176.958 for a confirmed bullish continuation. As always, employing proper risk management techniques is crucial to navigate potential market volatility.
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Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research before making any trading decisions
CHFJPY is in a Bearish Structure after Breaking the SupportHello Traders
In This Chart CHFJPY HOURLY Forex Forecast By FOREX PLANET
today AUDCAD analysis 👆
🟢This Chart includes_ (CHFJPY market update)
🟢What is The Next Opportunity on CHFJPY 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
CHF/JPY: Potential Setup for Short Opportunity The CHF/JPY pair has undergone a substantial correction after peaking at 177.20, pulling back by 300 pips and breaking through the Fibonacci extension level around 174.30, where it closed yesterday.
As shown in the chart above, this decline carried significant momentum, with a swift downward push halted only by the close of the trading session. Technically, the break of this key support at the Fibonacci level signals a potential continuation toward the next support area at 172.7, offering a promising 150-pip range for traders.
This setup could be one to watch as markets open, with potential for short positions on further bearish movement.
CHFJPY shortedCHFJPY (Free Plan update) - close 50% of your position (+75pips banked) and move SL to BE. TP @ 169.00
Bearish Cypher FormationThere was a return from Fib .78 and the formation was activated. The targets are shown in the graph.
This is a bear formation.
CHF/JPY H8 AnalysisPrice has now broken out of the bullish parallel channel seen formed over September and November this year.
With 6 (bearish close) eight hour candles at the end of last week, we may see a pullback in the new trading week and then possibly a sell setup depending on price action and your strategy rules.
CHFJPY - 4hrs ( Sell Trade Target Range 300 PIP ) 🟢 Pair Name :CHF/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short )
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Bearish Break
175.200 Area
Reasons
- Major Turn level
- Visible Range lnv
- Pattern Break
- Fibo Golden
- Choch Zone
Bullish Reversal
172.500 Area
Reasons
- Major Turn level
- Visible Range Lvn
- Choch Zone
- Fixed Hvn
- P M H + P Y H
CHFJPY Wave Analysis 8 November 2024
- CHFJPY broke daily up channel
- Likely to fall to support level 174.00
CHFJPY currency pair under bearish pressure after the earlier breakout of the support trendline of the sharp daily up channel from the end of September.
The breakout of this up channel accelerated the active minor corrective wave 2, which started earlier from the key resistance 177.00, which has been reversing the pair from July.
Given the strongly bullish Yen sentiment seen across the currency markets today, CHFJPY currency pair can be expected to fall to the next support level 174.00 (target price for the completion of the active wave 2).
CHFJPYWe can attempt to short CHFJPY from specified level as it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
CHFJPY: Bearish Breakout VerifiedA bearish reversal has emerged on the CHFJPY chart.
After a period of consolidation, a notable double-top pattern formed on the 4-hour chart.
The neckline of this pattern was breached yesterday, confirming a breakout of the support range, which the market is now retesting.
The pair is expected to continue its decline toward the 174.02 support level.
CHFJPY: Confirmed Bearish BreakoutA bearish reversal has been identified on the CHFJPY chart.
Following a period of consolidation, a significant double top pattern was formed on the 4-hour chart.
The neckline of this pattern was violated yesterday, and there is now a confirmed breakout of the support range being retested by the market.
It is likely that the pair will continue to decline towards the 174.02 support level.
CHFJPY: Counter-Trend BreakoutUptrend formed mid-September 2024 and we're currently seeing this trendline faltering. Assuming that it does not hold up, I have the following parameters forecasted.
ADR: 115
SL: 100
TP: 240
CHFJPY Expected Growth! BUY!
My dear subscribers,
CHFJPY looks like it will make a good move, and here are the details:
The market is trading on 175.64 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 175.99
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
CHF/JPY - Bearish ForecastCHF/JPY seems to have broken a bullish trend line, it has since retested and may go down to meet a 250 pip range.
CHFJPY H4 ProjectionThe price moved in the range after giving strong bullish momentum. Now, it is moving above the support zone. Wait until the price breaks the support and closes below. Initiate short positions partially by finding a bearish price action structure near the support zone.
CHFJPY May Bounce Again from the Support ZoneCHFJPY May Bounce Again from the Support Zone
CHFJPY has been developing a large corrective pattern for about a month. A strong support zone is visible on the lower part of this pattern. CHFJPY is approaching this support zone again, which may push the price up further, as shown on the chart. This is the fourth time that CHFJPY is testing this zone, adding more credibility to its strength.
Very strong zones are noted near 176.10 and 176.50.
You may find more details in the chart!
Thank you and Good Luck!
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CHF/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the CHF/JPY with the target of 175.208 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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CHFJPY View!!That leaves Japan's JPY in an uncertain state says Juckes. A Trump win and clean sweep could see USD/JPY head back towards its highs above 160.00. But given the dire mood in the Treasury market, a Harris win without a clean sweep would give the JPY a lift with potential for USD/JPY to head back to subsequent lows by 140.00. That's a much wider range than the outcome would be in European currencies, for example.
