About Swiss Franc / Japanese Yen
The Swiss Franc vs. the Japanese Yen. After reaching its low in 2008 this pair has steadily traded higher mainly due to aggressive Japanese monetary easing. Also, due to low interest rates and different financial properties these currencies are considered to be safe haven and funding currencies.
CHFJPY - 4HSwiss Franc has been bullish against the Japanese Yen from long time due to its strong economy, now the Swiss Franc is near its all time high of 168.400, which was made in October, there are two scenarios which can be, the 1st one is that it will retrace before moving up further and the levels of re
CHFJPYWe saw CHFJPY Short Because, CHFJPY Ascending Channel or Descending Triangle Breakout in 1H Time Frame .
CHFJPY Bearish if or not conditionHi Guy's,
If anyone agree with me so they can take a call and if you like my idea so please appreciate once.
CHF JPY SHORTRisk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamen
Short CHFJPYOn h4 and D1, it is looking bearish. H4 confirmation is already in check overnight.
140-150 pips will be easy target.
In a day or two days, target levels might hit.
Starting with 0.1 + 0.1 lot right now on differential levels. If is drags down, then getting more qty on smaller TF resistance.
M
CHFJPY Symmetrical TriangleFX:CHFJPY
As you can see that CHFJPY has created a Symmetrical Triangle in 1Hr Time frame. wait for the breakout and Take retest entry. Plan your trade accordingly....
CHF JPY downside move possible sellingCHF JPY downside move possible selling below the 162.340
Stoploss 163.764
Target 160.081
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