100+ Pips on the Table โ€” CHFJPY Just Flashed a Buy Signal

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CHFJPY DAILY TECHNICAL ANALYSIS ๐Ÿ•ต๐Ÿฝโ€โ™‚๏ธ
๐Ÿง  Strategy Spotlight: CHFJPY's Uptrend Has One Last Launchpad

OVERALL TREND
๐Ÿ“ˆ UPTREND โ€” Bullish structure with consistent higher highs and higher lows forming since March 2025.

๐Ÿ“‰RESISTANCE
  • ๐Ÿ”ด 180.070 โ€” SELL STOPLOSS | PIVOT HIGH
  • ๐Ÿ”ด 179.705 โ€” RESISTANCE (MAJOR)
  • ๐Ÿ”ด 179.339 โ†’ 177.862 โ€” SELL ORDER RANGE
  • ๐Ÿ”ด 177.014 โ€” RESISTANCE (PROXIMAL)
  • ๐Ÿ”ด 175.526 โ€” RESISTANCE (MINOR)

๐Ÿ“ŠENTRIES & TARGETS
  • ๐ŸŽฏ 177.115 โ€” BUY ORDER & TP4
  • ๐ŸŽฏ 174.428 โ€” BUY ORDER & TP3
  • ๐ŸŽฏ 172.684 โ€” BUY ORDER & TP2
  • ๐ŸŽฏ 170.173 โ€” BUY ORDER & TP1


๐Ÿ“ˆSUPPORT
  • ๐ŸŸก 167.606 โ€” SUPPORT (PROXIMAL)
  • ๐ŸŸก 167.505 โ†’ 166.0375 โ€” BUY ORDER RANGE
  • ๐ŸŸก 165.858 โ€” SUPPORT (MAJOR)
  • ๐ŸŸก 165.299 โ€” BUY STOPLOSS | PIVOT LOW

๐Ÿค“STRUCTURAL NOTES
  • Recent candle wicked above 175.52600 (minor resistance) but failed to close strong โ€” indicating hesitation or seller defense
  • High confluence at the 177.11โ€“177.86 zone with both pivot highs and active sell orders
  • Uptrend structure still intact unless price breaks below 170.17392 with volume and closes under 167.06957
  • Volume and momentum required to reclaim 177.86 and push toward major resistance at 180.07

TRADE OUTLOOK ๐Ÿ”Ž
  • ๐Ÿ“ˆ Active Long Bias above 170.17 (TP1) with bullish targets toward TP4 @ 177.11
  • ๐Ÿ“‰ Bearish setup only activates if price fails to reclaim 175.52 and decisively breaks below 170.17
  • ๐Ÿ‘€ Watch for reaction at 175.52 (Minor Resistance) โ€” potential rejection could trigger short-term pullback to TP2 @ 172.68

๐ŸงชSTRATEGY RECOMMENDATION

CONSERVATIVE APPROACH (Trend-Following):
โ€” Buy Entry: 170.17
โ€” TP Levels: 172.68 / 174.42 / 177.11
โ€” SL: Below 167.06

HIGH-RISK REVERSAL SCALP:
โ€” Sell Order @ 175.52 or 177.11
โ€” TP: 172.68 / 170.17
โ€” SL: Above 177.86

โ€œDiscipline | Consistency | PAY-tienceโ€

Penafian

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