CHFJPY Outlook
AUDUSD -
Yearly -
bearish but away from VA, so a move up north to tag AU's yearly VA is something that we can consider here.
Monthly -
bearish and opened inside last candle's VA so we can observe continued move down here.
Weekly -
bearish but price is set to open out of VA so we can observe a move up to tag that weekly VA before coming back down.
AU can continue going up till it tags 12M candle VA if it wants before continuing down. we have to consider the fact that that VA is on 12m candle so this move might take several months like it did in 2024. (we saw choppy move for the first 3 qtrs and then a dump during the last qtr of 2024 after it tagged feb 2023's POC.
Plan of action will be for me to wait for price to tag the first key area of interest i.e. origin VA and then look for a reaction from there. if I see sellers stepping in then I'll get in on shorts. but if price holds above origin POC on volume then I'll look to go long till it hits our 12m VA before looking to go short from there. this long bias on CHFJPY also come from the fact that BOJ is planning to potentailly cut rates so CHFJPY can just rocket through these levels and hold above making longs more appealing.
Yearly -
bearish but away from VA, so a move up north to tag AU's yearly VA is something that we can consider here.
Monthly -
bearish and opened inside last candle's VA so we can observe continued move down here.
Weekly -
bearish but price is set to open out of VA so we can observe a move up to tag that weekly VA before coming back down.
AU can continue going up till it tags 12M candle VA if it wants before continuing down. we have to consider the fact that that VA is on 12m candle so this move might take several months like it did in 2024. (we saw choppy move for the first 3 qtrs and then a dump during the last qtr of 2024 after it tagged feb 2023's POC.
Plan of action will be for me to wait for price to tag the first key area of interest i.e. origin VA and then look for a reaction from there. if I see sellers stepping in then I'll get in on shorts. but if price holds above origin POC on volume then I'll look to go long till it hits our 12m VA before looking to go short from there. this long bias on CHFJPY also come from the fact that BOJ is planning to potentailly cut rates so CHFJPY can just rocket through these levels and hold above making longs more appealing.
ملاحظة
ملاحظة
Posted AUDUSD outlook by mistake.
CHFJPY -
Yearly
bullish just came inside last year's candle's VA. we can start looking for longs here on this TF.
Monthly
bullish, just opened inside Dec's VA and is now pulling back to December's AVWAP and POC. logic suggests price pulls back all the way to POC and then we can strat looking for buyers to step in.
Weekly
bearish - bullish, first impression - despite of the move down, we have bullish pvp. we just closed below December's AVWAP and tagged S1. price will most likely open below last week's VA so if we see price moving up and close above Dec's AVWAP on volume in favor of buyers, we can potentially open a long position there and take it up to last week's POC. the only issue with longs that I see is that we just closed below last qtr's POC and pp
Plan here can be to wait for this week and see what price does because if price does move up and hold above this 4.2 POC then we have another resistance area right above it i.e. 4.1 POC which can lead to price chop. We can however trade rotations here if price holds above overwatch V2 POC and then trade it to the long side between v2 POC and 4 POCs.
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