CHFJPY ✅ CHF/JPY Trade Setup
CHFJPY CHFJPY 🟥 CHF/JPY Swing Short – Reversal from Supply Zone
🟥 SHORT CHF/JPY @ 177.730 (Swing Trade)
✅ Catalyst: Bearish engulfing + RSI divergence at key resistance; macro favoring JPY strength vs. CHF.
🛑 SL: 178.466
🎯 TP1: 176.300 (1:1.9 R:R)
🎯 TP2: 175.505 (1:3.1 R:R)
🎯 TP3: 174.850 (1:4.0 R:R)
📊 Chart: Strong supply zone near 178.40 held firm. Price broke structure and retested. Momentum shift confirmed with lower high + MACD flip.
🌍 Context: SNB remains dovish, while BoJ cautiously turns hawkish. Risk sentiment shifts may further favor the yen as safe-haven flow returns.
💬 “SNB bleeding CHF strength — shorting this bounce or waiting for the break of 176? 👇”
#Forex #CHFJPY #SwingTrade #MacroSetup #JPYStrength #SmartMoney
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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.