🔥 CHF/JPY TRADE PLAN – BUY SETUP
📅 Date: 14 April 2025
🔖 Plan Type: Secondary Intraday Opportunity
📈 Bias & Trade Type: Bullish Continuation
🔰 Confidence Level: ⭐⭐⭐ (70%)
Reasons / Confluences: – Strong W1 & D1 bullish trend intact – Bullish flag breakout on H1 – Demand imbalance below 174.00 – No break of structure yet on HTFs – Yen weakness still evident intraday
📌 Status: Not Triggered – Waiting for bullish confirmation from demand base
📍 Entry Zones:
🟩 Primary Buy Zone: 173.85 – 174.20 (OB + demand zone + fair value gap + 50 EMA zone) 🔁 Entry on M15–H1 bullish wick, engulfing, or divergence
🟨 Secondary Buy Zone: 172.80 – 173.20 (Liquidity sweep below consolidation + FVG + lower OB stack) 🔁 Entry only on clear rejection and reclaim of 173.20 zone
❗ Stop Loss: Below 172.60 (Invalidates structure + breaks HTF demand)
🎯 Take Profits:
🎯 TP1: 175.30 → Previous high and imbalance fill
🎯 TP2: 176.00 → HTF supply top
🎯 TP3: 176.65 → Weekly high / liquidity magnet
📏 Risk:Reward: Up to 1:3.8 depending on zone and trigger method
🧠 Management Strategy: – Move SL to BE after TP1 hit – Partial close at TP1, scale out at TP2 – Trail rest above 176.00 with EMA or fractal method
⚠️ Confirmation Criteria: – M15–H1 bullish engulfing / divergence / demand reclaim – RSI or OBV rising on entry trigger – Volume expansion on breakout candles
⏳ Validity: Valid 36 Hrs or upon structure break
🌐 Fundamentals: – CHF strength driven by SNB neutral stance – JPY still under pressure from dovish BOJ tone – Overall risk-on sentiment lifting CHF/JPY
📋 Final Summary: While the pair currently sits in HTF supply, price has yet to confirm any bearish continuation. Therefore, a short-term bullish continuation is possible on pullbacks into clean demand pockets below. This buy setup allows for strategic long positions as long as confirmation holds at key levels.
📅 Date: 14 April 2025
🔖 Plan Type: Secondary Intraday Opportunity
📈 Bias & Trade Type: Bullish Continuation
🔰 Confidence Level: ⭐⭐⭐ (70%)
Reasons / Confluences: – Strong W1 & D1 bullish trend intact – Bullish flag breakout on H1 – Demand imbalance below 174.00 – No break of structure yet on HTFs – Yen weakness still evident intraday
📌 Status: Not Triggered – Waiting for bullish confirmation from demand base
📍 Entry Zones:
🟩 Primary Buy Zone: 173.85 – 174.20 (OB + demand zone + fair value gap + 50 EMA zone) 🔁 Entry on M15–H1 bullish wick, engulfing, or divergence
🟨 Secondary Buy Zone: 172.80 – 173.20 (Liquidity sweep below consolidation + FVG + lower OB stack) 🔁 Entry only on clear rejection and reclaim of 173.20 zone
❗ Stop Loss: Below 172.60 (Invalidates structure + breaks HTF demand)
🎯 Take Profits:
🎯 TP1: 175.30 → Previous high and imbalance fill
🎯 TP2: 176.00 → HTF supply top
🎯 TP3: 176.65 → Weekly high / liquidity magnet
📏 Risk:Reward: Up to 1:3.8 depending on zone and trigger method
🧠 Management Strategy: – Move SL to BE after TP1 hit – Partial close at TP1, scale out at TP2 – Trail rest above 176.00 with EMA or fractal method
⚠️ Confirmation Criteria: – M15–H1 bullish engulfing / divergence / demand reclaim – RSI or OBV rising on entry trigger – Volume expansion on breakout candles
⏳ Validity: Valid 36 Hrs or upon structure break
🌐 Fundamentals: – CHF strength driven by SNB neutral stance – JPY still under pressure from dovish BOJ tone – Overall risk-on sentiment lifting CHF/JPY
📋 Final Summary: While the pair currently sits in HTF supply, price has yet to confirm any bearish continuation. Therefore, a short-term bullish continuation is possible on pullbacks into clean demand pockets below. This buy setup allows for strategic long positions as long as confirmation holds at key levels.
Trade closed: target reached
Aggresive entry trigger went to TP2. trade secured!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.