Chfjpyanalysis
CHFJPY: HTF Rising wedge for a potential REVERSE!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CHFJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Higher timeframe:
Lower timeframe:
Since March 2022, this market has been moving inside a rising wedge, breaking out an interesting swing at around 140.000.
Although the third touch of the top of the main structure, in LTF it’s still moving with a price action slightly bullish.
When, where and why would we step into the market?
For a better entry point and RR, we would be waiting for the price to reach the LTF swing high and see the further price action, how the price will react and/or if it will break or reverse.
At the moment, not so many bearish confluences to enter a position, but we are gonna keep this market in watchlist to study its next movement.
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CHFJPY Bullish Pattern Repetition Hello traders, In today's article, I'd be sharing my analysis on CHFJPY and the reasons for my bullish bias . Here on the daily timeframe, we see a market in an uptrend as indicated by the ascending trendline. But what's more interesting to see is how we have seen a pattern repetition every time the market pulls into the ascending trendline.
We see a double bottom at every test of the trendline, and as with the rule of trading double bottoms, we would most likely be waiting on the retest/corrective move of this pair to test what retailers would consider "the neckline" of the W pattern. Alternatively, for those who use Fibonacci, we'd be anticipating a correction to either to 38.2%, 50% or 61.8% fib level and look for trend continuation inside the zone.
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CHFJPY Buy/Long1: Trendline Breakout
2: Symmetrical Triangle Pattern Breakout
When looking at the larger time frames, we can see that CHFJPY is bullish . We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend.
We have listed 2 reasons as to why we will be looking to buy the pair. The trendline breakout on the daily chart signals shows the pair might have gained interest of buyers. The symmetrical triangle
pattern breakout further adds to our narrative of a continuation to the upside.
CHFJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
CHFJPY Ready to rocket Been forming a Falling Pennant in the last month...
This is a small triangular formation less than 3 months (hence it's a Pennant rather than a Wedge).
Once price breaks above, we can have a strong buy signal to hold until the first target.
Also the RSI is making higher lows and is currently above the 50 mark (bullish).
CONCERNS:
We just need to wait for the breakout...
CHFJPY | Perspective for the new week | Follow-up detailsThis is a follow-up video to my previous analysis on the CHFJPY where we were able to close last week with about 130pips profit as the Yen continues to gain traction. So, after testing its highest point since 1980 - just right above the 151.00 area last week, the price has continued to find lower lows and lower highs. Will the BoJ's intervention continue to have a positive impact on the Yen in the coming week(s)?
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
DeGRAM | CHFJPY support became a resistanceCHFJPY moved out of the channel and is pulling back to test its border.
The market is consolidating following a sell-off on the higher timeframe.
We expect further consolidation until new trend is confirmed.
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CHFJPY - Long from support ✅Hello traders!
⁉️This is my analysis on CHFJPY.
Here we are in a bullish market structure, so I am looking only for longs. I expect price to continue the retracement and to reject from support zone + institutional big figure 142.000.
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CHFJPY | Perspective for the new week | Follow-up detailsAfter testing its highest point since 1980 - just right above the 151.00 area last week, the CHFJPY lost over 600 pips to signal a risk of further decline as projected in my previous analysis on this pair (see link below for reference purposes). Will the BoJ's intervention in the FX market signal a boost for the Yen in the coming week(s)? This video illustrates the trading option I am looking forward to in the coming week(s).
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
CHFJPY Potential Selling Opportunity!Hello Traders,
In this week's trading session we will be monitoring CHFJPY for a Sell opportunity in and around 146.200 trend break area. Once we get a bearish confirmation the trade will be executed and shared with our premium members .
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Update On CHFJPY SELL Trade Target HitJust a quick update on the CHFJPY SELL position I have been in and posted about you can read the post below I was aiming for the 144 which was the current trends previous high and would be the first easy target when this market dropped as it did today. I've closed 75% of the position and will leave the rest running as this can turn into a nice trade
The money is in the higher timefrmae charts especially in times on HIGH volitilty as the big moves happen on the big charts not the small timeframes the great thing about tradingview is that you can't delete what you have posted before. if you read my previous posts you will learn that using weekly and monthly charts to locate SUPPLY/DEMAND and SUPPORT/RESISTANCE areas and using smaller timeframes from entry signals increase your probability tenfold