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Chfjpybuy

CHFJPY I Potential to correct lower but will go up short-termWelcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
1
CHFJPY: Everything depends on JPY NOW!!Dear Traders, hope you are doing great and having amazing weekend. CHFJPY recently in strong bullish impulse price consolidated and extracted taking CHFJPY prices to all time high. We need some strong pullback so that market price structure have some stability. There are two scenarios, firstly if JPY remains bearish then we will seeing prices going higher and higher. Though, a strong pullback is expected. Secondly if JPY reverse then we can see a strong pullback of 600-800 pips. GOOD LUCK
by Setupsfx_
39
20 Reason for Buy CHFJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle Eye: The market is currently approaching the all-time double top area and momentum remains bullish. It will be interesting to see what happens next. 2:📆Monthly: A strong and established bull trend has been forming for the past 9 months, indicating the potential for a future bull run. 3:📅Weekly: Last week, the market took a strong bullish support at the Fib 38 price level of 137.800. A doji with confirmation suggests that everything seems bull supportive. 4:🕛Daily: While the market has been in a clean bearish trend, a QC of the last 15 candles indicates that the trend is weakening. A minor correction is expected, followed by a potential buy entry at this level. 😇7 Dimension Analysis 🟢 Analysis Time Frame: D1 5: 1 Price Structure: Currently showing an inner bullish structure. 6: 2 Pattern Candle Chart: A "N" pattern suggests a proper bullish formation, indicating a potential buy signal. 7: 3 Volume: A massive volume in the current consolidation area can be seen. 8: 4 Momentum UNCONVENTIONAL RSI: Currently showing sideways to bullish momentum. 9: 5 Volatility measure Bollinger Bands: No significant volatility has been observed yet. 10: 6 Strength ADX: Currently showing total sideways movement. 11: 7 Sentiment ROC: The CHF is stronger than the JPY based on the ROC monthly period 1. ✔️ Entry Time Frame: H4 12: Entry TF Structure: A bullish structure has been observed. 13: Entry Move: The current move is corrective, and waiting for an impulsive move to start is recommended. 14: Support/Resistance Base: The daily FVG support area can be used as a base for potential trades. 15: FIB: Waiting for a trigger event or trend line breakout is suggested. ☑️ Final Comments: It is recommended to wait for the correction to end before making a trade. Once the correction ends, a 15-minute bullish candle can signal a potential buy entry. 16: 💡Decision: Buy 17: 🚀Entry: 144.400 18: ✋Stop Loss: 140.700 19: 🎯Take Profit: 160.633 20: 😊Risk to Reward Ratio: 1:4.22 🕛 Expected Duration: Based on the current analysis and market conditions, it is estimated that it may take up to 2-3 weeks for the price to reach the target price of 160.633. However, market conditions can change quickly, and it is important to regularly review and adjust your trades accordingly.
Long
by Optimum369