CHFJPYOfcourse im doing my thing right here is seeing the pattern & attacking , this is just after FOMC earlier ,Im seeing this in the 4hr timeframe .
JPYCHF trade ideas
Can we get down to 165 ?Looks like the upside momentum is gone and we should see a drop now. Also MACD hist. is pointing downwards, which gives us a hint at future price movement.
Triple Top, Bearish StartsThe triple top trading pattern is a technical analysis pattern observed in financial markets, particularly in chart analysis. It is considered a reversal pattern, indicating a potential change in trend from bullish to bearish.
The triple top pattern occurs after an uptrend and consists of three peaks at approximately the same price level. The highs between the peaks are separated by troughs, forming a pattern that resembles three successive peaks, creating a resistance level. Traders often interpret the triple top as a signal that the upward momentum is weakening and that a trend reversal to the downside may be imminent.
Confirmation of the triple top pattern typically occurs when the price breaks below the support level, which is usually located at the troughs between the peaks. This breakdown suggests that the bears have gained control, and traders may consider selling or adopting a more cautious approach in anticipation of a potential downtrend.
It's essential for traders to use other technical indicators and analysis tools in conjunction with the triple top pattern to make well-informed trading decisions, as no single pattern or signal guarantees market behavior.
CHFJPY Sell Idea A bearish divergence has been created in M15 chart. Observe price action now. If match it with your entry criteria you can go for sell.
CHFJPY I Demand buy zone opportunity from bottom of channelWelcome 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.
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CHFJPY Weekly bearish divergence
Daily bearish divergence
CHF index ATH
JPYX ATL
it is coming big correction
Swing Idea
KURD FX11 CHFJPY H4Best place to sell but with consideration for large accounts and ordering in small lots.
This is one strategy I have found to be great
CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello,Friends!
Previous week’s green candle means that for us the CHF/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 170.641.
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CHFJPY Will Move Lower! Short!
Here is our detailed technical review for CHFJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 171.110.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 169.734 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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CHF/JPY Long Price was ranging in a triangle wedge, price broke out now at the test line. Still long on this pair. Price target around the 172-175 range.
Yemi_Fx1 | Bearish Bias on CHFJPY Price has been in correction phase on chfpy for more than a week currently it's tested the upper trendline making it a third touch. The upper trend line that serves as a resistance zone is validated on 1 hour time frame by a close of a bearish candlestick. I will be waiting for formation of a bearish continuation pattern on 15Min/5Min to provide me an opportunity to take a trade.
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CHFJPY 1H Possible Double bottom in an up trend channelOn this 1H chart for CHFJPY we can notice that the price has been moving in an up trend channel for a while now. Recently it dropped to test the up trend support. At this stage the price is forming a potential double bottom. Monitor it for a potential breakout.
Additional confluences:
- MACD can produce a bullish cross if the price starts going up to complete the Double bottom
- The 2 bottoms are re-bouncing from the 200 EMA
- If the price goes up, in can cross above the 20 and 50 EMAs. Monitor for a bullish cross
✅CHF_JPY WILL KEEP GROWING|LONG🚀
✅CHF_JPY is consolidating in
A parallel range pattern
While trading in an uptrend
So IF the bullish breakout happens
Then we will see further growth
LONG🚀
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CHFJPY - Accumulation phase ✅Hello traders!
‼️ This is my perspective on CHFJPY.
Technical analysis: Here we are in an accumulation phase now, so I expect we could see AMD pattern, price firstly to manipulate sell side liquidity and then to reject from bullish order block for distribution higher.
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