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JAPANESE YEN / SWISS FRANC

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JPYCHF trade ideas

YIELD DIFFERENTIALS IN CHFJPYSince Yields are the Fundamentals Drivers of Currencies, currently looking at the yield differential between CHF and JPY. You can see that the 2-year and 10-year yield differentials are already falling heavily in favor of JPY, so you could see aggressive pricing in the pair. The risk that i see is jpy interest is lower than chf and the volatility is very low which is good for carry trades, so when volatility picks up in the broader market than this pair could really move until then we need to be careful with this and watch what Bank of Japan does with the interest rates. For me, i would be selling on the rallies up into nice technical levels and manage risk.
Short
by AllJammaster
CHF/JPY Weakens, Sell At This LevelSell positions are entered when a valid Daily rejection is formed and confirmed on the H4 timeframe when testing the supply area of 171.33-172.29. The selling opportunity this time will capitalize on the potential weakening of prices when testing the supply area. For further clarity, please refer to the explanation below. CHF/JPY Daily Level: Supply 171.33-172.29 On the Daily chart, there is a potential selling area in the supply zone of 171.33-172.29. Sell positions await the price to test the supply area and form a valid rejection in the form of a bearish engulfing candlestick pattern or pin bar (with a long upper shadow). CHF/JPY H4 Signal: Daily Rejection Followed by H4 Candlestick Confirmation For a sell entry, the signals used include 2 stages: Formation of a valid Daily rejection in the form of a bearish engulfing candlestick pattern or pin bar (with a long upper shadow) when the price tests the supply level of 171.33-172.29. Wait for a pullback first, then take a sell position using confirmation from candlestick patterns on the H4 timeframe such as bearish engulfing, pin bar (with a long upper shadow), or bearish inside bar. CHF/JPY Entry Opportunity From the above description, it can be concluded for the entry opportunity with the following plan: Position : Sell Level : Supply 171.33-172.29 Signal : Daily Rejection followed by H4 candlestick confirmation Attention: Entry only when confirmation has been formed. Always use good money management (1-2% risk per transaction). If a sell position has been taken and the price has not yet reached the SL or TP, close the position as soon as possible (emergency exit) if the price forms a candlestick reversal pattern (bullish engulfing, pin bar with a long lower shadow, or bullish inside bar) on the Daily timeframe. Hopefully, this analysis helps readers to observe price movements and make transaction decisions.
Short
by Meldir_