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JPYCHF

CHFJPY COULD BE A GOOD BUY A strong trend upward, and a recent wedge broke out seems likely to re-test the previous pivot resistance or full wedge price action to take profit level. Moving averages at the bottom cover our stop loss. 12-hour hour-recent break of 20 ma shows bullish pressure, likely to re-test previous daily resistance. The pair has been bullish for quite some time, it can't trend forever however the opportunity still seems to be there so we are taking it. ✅📈
Long
by FX-TradingLions
1
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. If this helps, please don't forget to drop a LIKE for us and support us for the release of more educational contents.
Long
by Tradeforpipsfx
2
CHFJPY Structure Trade I SHORT Welcome back! In the current New York Session, we are monitoring CHFJPY for a short entry around the highlighted resistance zone. Price has corrected to previous daily structure (major level support/resistance) where we expect more downside movement from here. Price is also below 50 MA on daily. 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! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
Breathing Space for JPYCHFI don't think I got so many bearish markets in one day. This pair is bearish too, but it appears due for a X Wave fractally. This means a temporary push upwards with a larger correction. I have outlined Fibonacci goals in green, invalidation is in red if shown. This is a hobby to share my ideas with you, so do not take anything I ever say for financial advice. I suggest you learn Elliot Waves and TA by yourself. In my experience Elliott Waves in combination with Fibonacci Retracements/Projections/Time and a momentum indicator of some kind gives results I am ultimately extremely happy with.
Long
by Rykin_Capital
JPYCHF, In Downtrend-Channel Till Price Manages To Reverse!Hi my friends, Welcome to this analysis where we are looking at JPYCHF 4-hour timeframe perspective, the current formation, what to expect the next times, and how to handle the upcoming scenarios. Looking at my chart you can watch that JPYCHF is in a confirmed downtrend where it is moving in a downtrend-channel marked in blue, furthermore, it is forming a wave count to the downside where it is currently forming wave D of this overall eave-count which is directly running into resistance which is marked in red within my chart, this is the 61.8 % Fibonacci-resistance of the previous wave to the downside, this resistance is also matching together with the upper boundary of the channel and the 60-EMA marked in black together building a coherent resistance-cluster here which is highly likely to confirm to the downside like it is marked in my chart when this happens decline will follow-up till there is solid support in which the price can stabilize and form a reversal, this is the blue range you can watch in my chart between the 0.008348 and 0.008379 level where the price can confirm support and reverse to possibly break out of the downtrend channel as this is happening sooner or later in such a channel, nevertheless till then the price-action remains to the downside. In this manner, thank you for watching, support for more market insight, all the best! Information provided is only educational and should not be used to take action in the market.
by VincePrince
3
JPYCHF H1 LONG PRICE ACTION FORECAST The price action has recently bounced back from a strong support level for a higher time frame, with price supported by the trendline in H1, and the rejection from the strong support level, the price may look for and upward momentum allowing the placement of a long entry with a high R:R The order: Type: buy-stop S/L: 29 pips - R:R | 1:3 - T/P: aiming towards the support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
JPY/CHF SHORT OpportunityHead And Shoulders Daily JPY/CHF chart shows the last move up before the move past the support neckline. To gain more info we need to draw our average channel of movement to get the best idea of where this pair is going. Placing an orange resistance from the top of point A gives us a certain average high price. Now we do the same for our support line, add a resistance lie to the bottom of point C we get our worst low point. Finding an average price with our purple line is placed giving us an idea of when or whether to buy or sell. Drawing a two-point resistance from point A to point B gives us our current average direction. do the same for point B and point C for our average support. If the price falls below the purple and downward black resistance line then we more safely assume a short position. of course, it is highly suggested to do the same information-gathering if price decided to break upwards, but for this, we are trying to find a short opportunity. Using our range bar of 100R use the predetermined length of the bar and place it at our currents bars current low and another at its current high to see which moves agree with our other info/lines we have drawn and found. Our range bar translated into a candle chat shows the price from this moments' high is going to hit our red C point average line. Now for our Head And Shoulders pattern to form correctly is the bounce off the neckline to finalize the strength of the bears. we saw our bounce off the neckline at point D with a reasonable move upward to test the making of the shoulders support.
Short
by tonyinvests
CHFJPY inverse H&SPrevious trade failed, some bad luck because of the trade war news past weekend, during Monday morning opening this one gaped below the support zone. At the moment it looks like it is trying to make an inverse H&S. The right shoulder is in the making, but it's still a bit small. So we could see it get extended a bit coming day or so. If it keeps it's shape and moves towards the neckline again, we could see it trigger a rally when the neckline breaks. Also a chance to see it close that gap as well. Previous analysis:
by botje11
5
Shifting safe-haven preference from CHF to JPY?Risk-off phases are often characterised by safe-haven flows running towards CHF and/or JPY. Over the past two years, CHF has provided better upside judging by the way JPY/CHF performed during the period. But having observed the the tight range transition in JPY/CHF this past year, I'm beginning to sense a shift with JPY being the preferred safe-haven of choice. While I'm sure this shift is will transition gradually, the bullish JPY/CHF story should gain more traction in 2018 when market volatility comes back with more force. Keep tabs.
by genkumag