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JAPANESE YEN / SWISS FRANC

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JPYCHF trade ideas

CHFJPY :trendline BREAKOUT. LongThe market is overall in a bullish trend, and the price is heading towards resistance and a downward trendline. FX:CHFJPY updated swing highs and fixed above the key level at 170.000. I think the price may rise from the support and reach the resistance by taking trendline liquidity. I expect the market to make an extension upwards because on the 4H timeframe, the market is forming a triangle formation, which is a trend continuation pattern. My goal is the resistance zone at 171.000
Long
by ALPHA_CHART
1
CHFJPY: Fundamental Insights on Swiss InflationHey Traders, in today's trading session, we are monitoring CHFJPY for a selling opportunity around the 170.500 zone. CHFJPY is currently in a downtrend and appears to be in a correction phase as it approaches the critical 170.500 support and resistance area. Now, let's delve into the fundamental analysis shaping this trade. One fundamental factor influencing CHFJPY is the easing inflationary pressure in Switzerland. Recent data indicates a slowdown in inflationary trends in Switzerland, which may weaken the Swiss franc against other currencies. This easing inflation could contribute to downward pressure on CHFJPY as traders anticipate a softer Swiss franc in the forex market.
Short
by JoeChampion
Target CHFJPY - FuturecastCHFJPY Futurecast using a oddly placed intersection point that formed above the graph. I'm calling it event horizon and cast arches from there to several key locations on the chart resulting in the following strange timeline with incomprehensible results as I have no grasp of this instrument what so ever. Bisects used again as the intersect of time, and the arches would ideally confirm the intersects as it seems to have done so. Honestly, I don't understand how it works, but I can see a pattern emerging. I have to cast other instruments to verify if the method is applicable to other pairs,(it should be), and just continue to collect data. Decision on order executions should be supported by the models data, giving traders additional leverage in their considerations on TP,SL etc.
by njclimber