CHFJPY, Bullish Trendtrend Reversal From Strong Trendline
Bullish Divergence
Inverted head and Shoulder formation
Bullish Trend Started
New Highs Formation
Buy @ CMP
JPYCHF trade ideas
CHF/JPY BEARS WILL DOMINATE THE MARKET|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 172.694.
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Sell CHF/JPY Wedge BreakoutThe CHF/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 176.60, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 175.90
2nd Support – 175.30
Stop-Loss: To manage risk, place a stop-loss order above 177.30 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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Best Regards, KABHI FOREX TRADING
Thank you.
CHF/JPY: Bullish Momentum Builds Amid Market SentimentContrarian Signal Boosts CHF
With 82% of traders positioned short on CHF/JPY, a strong bullish contrarian signal has emerged, pushing the pair upward as short-covering fuels gains. Technical support around 175.00 has held firm, reinforcing the bullish trend. Favorable Swiss economic stability vs. Japan's dovish policy further supports CHF’s strength in the near term.
Potential Buys On CadJPyBreak and RETEST, it been playing around the resistance level until it finally found footing retested it. What's your thoughts ?
CHFJPY- technically SPEAKINGMay the odds forever be in our favour, anyway thinking in probability means understanding that today the outcome is random but overtime the outcomes become predictable
chfjpy is bullishThe CHF/JPY cross pair consists of the Swiss franc and the Japanese yen. Both currencies are used as safe-haven and funding currencies because of their unique characteristics and low interest rates.
Factors affecting the CHF/JPY rate include general economic indicators, such as information on employment, inflation data, retail sales, industrial production, trade balance and the release of GDP data, as well as the central bank decisions regarding the interest rates in both countries. Political events, natural disasters and various government policies can impact the CHF/JPY exchange rate significantly.
CHFJPY | 28.10.2024SELL 175.750 | STOP 176.950 | TAKE - 1 - 174.640, TAKE - 2 - 173.800 | Correction.
CHFJPY - NEW BREAKOUTHello Traders !
On the daily time frame, The CHFJPY broke the resistance level (174.000 - 175.170).
This key level becomes a new support level !
So, I expect a bullish move📈
___________________
TARGET: 177.020🎯
CHFJPY: Is That a Bullish Trap?!🇨🇭🇯🇵
CHFJPY may drop after a potential bullish trap:
the price violated a strong horizontal resistance
and returned below that quickly, forming a strong bearish imbalance.
The price may reach 176.0 level soon.
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CHFJPY Long - similar to CJ. Looking for price to hold above POC on volume. it has already tagged VA so I can trade this today too.
CHF-JPY Growth Ahead! Buy!
Hello,Traders!
CHF-JPY Is growing again
Now after the pair made
A bullish rebound from the
Horizontal support of 175.000
So we are bullish biased
And we will be expecting a
Further move up
Buy!
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Check out other forecasts below too!
CHF_JPY WILL GO UP|LONG|
✅CHF_JPY is trading in an
Uptrend and the pair is
Making a bullish rebound
From the horizontal support
Of 175.000 so we are bullish
Biased and we will be expecting
A further move up
LONG🚀
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CHFJPY strong bearish expectations
CHFJPY technically based analysis. Channel pattern visible, carrently
price consolidating, technically what can see we can expect here strong bearish push till end of week.
SUPP zone (SL): 173.500, 173.850
RESS zone: 171.500, 171.000
CHFJPY: Pullback Trade From Support 🇨🇭🇯🇵
CHFJPY has a nice potential to pull back from a key daily support.
As a confirmation, I see a bullish breakout of a resistance line
of a falling parallel channel after its test.
With a high probability, the price will reach 175.9 level.
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"CHF/JPY Bullish Breakout with Retest Buy Opportunity"CHF/JPY has completed a breakout on the 4H chart with bullish momentum. A buy opportunity can be considered around the retest area and the 0.5 Fibonacci retracement level, with a stop-loss at the last higher low and a target at the current high.
CHF/JPY For Bearishyou can go short now and take any target
- CHF under pressure
- Current wave is pull-back wave
have fun :)
CHFJPY Supply and Demand
Coach Amilia had a look at the market and put her charting in.
We're just looking for the market to swing trade back into the supply which will be the new demand zone.
ultimately, we're looking for a swing trade so keep following the lines to keep "predicting" the market.
once it breaks out any of the structures and form new HH and LL then redraw it using the same format.
CHFJPY / H1 / LONGCHFJPY may rise from the Bullish Order Block.
The CHFJPY pair has recently touched a significant bullish order block and is now showing signs of upward momentum.
Bullish Order Block:
174.140 and 173.928
Given that price is within the bullish order block, we can expect potential upward movement. I've analyzed this chart using Smart Money Concepts (SMC), a highly effective strategy for identifying high-probability trades based on price action. Now, it’s time to watch how the price reacts as it attempts to move higher from this zone.
Entry price :- 174.295
Take Profit :- 174.819
Stop Loss :- 173.772
