JPY (Japanese Yen)
CHFJPY - Strong Resistance - Bearish Reversal! Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
CHFJPY is sitting around a strong daily resistance, so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
CHFJPY is formed a channel in red but it is not ready to go yet.
🏹 For the bears to take over, we need a momentum candle close below the last major low in gray.
Meanwhile, until the sell is activated, CHFJPY can still trade higher and even break the resistance upward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CHFJPY Technical Analysis: Potential Sell SignalThe CHFJPY pair has reached a strong resistance zone and is now forming a flag pattern with a clear divergence on momentum indicators. It has also formed a double top pattern, waiting for a breakout of the pattern to the downside and a breakout of the uptrend line to confirm a good selling signal.
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CHFJPYCurrently, the CHF/JPY index is experiencing a decline. This index represents the exchange rate between the Swiss Franc (CHF) and the Japanese Yen (JPY), and is one of the less traded currency pairs in the forex market.
Various factors can lead to the decline of the CHF/JPY index, including economic, political, and global developments. For example, changes in interest rates, fluctuations in the stock market, and overall economic conditions of countries can all affect this index.
If the CHF/JPY index is currently experiencing a decline, it may be due to various factors. For instance, unfavorable economic developments in countries with the CHF currency may drive investors away from this currency. Additionally, an increase in interest rates in countries that hold JPY currency can strengthen this currency against the Swiss Franc.
To have a better understanding of the reasons behind the decline of the CHF/JPY index, it is necessary to pay attention to technical analysis of the forex market and relevant news. However, in general, a decline in this index indicates weakness of the Swiss Franc against the Japanese Yen and creates challenges for investors who hold assets related to the Swiss Franc or are engaged in trading with this currency.
As with all forex trading, it is important to closely monitor market conditions and have a strong understanding of the underlying factors that can affect currency rates.
CHFJPYWe continue to place sell orders for a 15-21 day swing. But if you have not entered and you are one of those who do not operate with 20 or 50 pips stoploss, this is your operation. Here putting less than 130-150pips stoploss does not make sense. And the take profit sure goes much lower, but a first exit point and a protection of the rest could be at the point marked on the chart.
Nosotros seguimos poniendo ordenes de venta para un swing de 15-21 dias. Pero si no has entrado y eres de los que no operas con 20 o 50 pips de stoploss, este esta es tu operacion. Aquí poner menos de 130-150pips de stoploss no tiene sentido. Y la toma de beneficio seguro se va mucho mas abajo, pero un primer punto de salida y una proteccion del resto podria ser en el punto marcado en el grafico.
✅TS ❕ CHFJPY: reached the resistance✅✅ CHF/JPY is near the resistance area.
Volatility has decreased, and the chart has not yet fixed above the area.
The asset will turn around at current levels. ✅
🚀 SELL scenario: short to 148.4 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
CHFJPY ON DAILY RESISTANCE ( SELL ZONE )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
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CHFJPY I It will correct downward Welcome 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 Heading up to 160.72 based on a Cup of TCup and Handle formed recently with CHF/JPY.
The price broke above the brim level, and is showing strong momentum up.
Other indicators confirm.
7>21>200
RSI>50
Target 160.72
SMC:
Sell Side Liquidity order block is below the Handle of the Cup and Handle.
A little concern is that there is BUY side Liqudity (Shooting Star) as of today and yesterday. This means, we could see the market come down a blip before it turns up again. It will give us a conservative entry point for those who aren't long or are long and want to pick up with their position even more.
CHF/JPY At Very Important Selling Area , Wait For Confirmation !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Support levels at 147.55 for potential rebound in CHFJPYThe USDCHF pair has broken out of a 7-month downtrend channel, indicating a potential shift towards an uptrend. This breakout is confirmed by breaking through two resistance levels:
the March 2023 resistance level of 147.550 and the November 2022 resistance level of 148.850.
On the 4-hour chart, the price has reached 149.550 and is forming a double top pattern with a bearish divergence on momentum indicators, suggesting a possible price correction. Waiting for the price to reach the previous support zone at 147.55, where there is an ascending trend line, the 50-period moving average on the 4-hour chart (and 200 on the hourly chart), Fibonacci levels of 38.20 and 50, is expected to trigger a bounce-back to above 150.
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✅TS ❕ CHFJPY: reached the resistance✅✅ CHFJPY reached the resistance area.
The chart instantly reacted to the resistance.
The price may turn around at the current level. ✅
🚀 SELL scenario: short to 148.4 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
✅CHF_JPY WILL GO DOWN|SHORT🔥
✅CHF_JPY will be retesting a resistance level of 151.000 soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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