CHF/JPY Price Prediction, 250+ pips, {Technicaly}.

If you are a forex trader, your know-how is hard to predict a direction in any market if you don’t have an edge strategy that you have experience with.

In this article am going to show you how I can predict chf/jpy pair price direction technically by using trend line and supply and demand zone.

But remember I am not a financial advisor, am doing this for education for entertainment only, so please do your research before making any investment decision.

First of all, I will start by analysing high timeframe to get a bigger picture and final I will use a lower time frame to find entries

From higher timeframe;

From the weekly time frame, as my higher time frame, the market direction of CHF/JPY is on the uptrend, see the screenshot below;

Price form a nice structure on a weekly timeframe of higher low, higher high, higher low and now price reach on another higher high. What we aspect now, it's the price to pull back to form a higher low before it continues to form another higher high.

Another thing that we anticipate price has high possibility to go down is, the price has already touched at the 3rd point at the top trendline and also when you see on the stochastic indicator it is showing that price is on overbought.

Entry timeframe;

In this section, we are going to find where our entry will be. The timeframe that will be used is 4-hour aim is to get a good risk and reward ratio. See the picture below;

On h4 time frame, the first thing price break the uptrend as you see on the screenshot above, also now price facing the strong H4 supply zone with multiple rejections. Plus the confluence from the stochastic oscillator indicator is on the overbought area.

Through these three confluences from the H4 timeframe, a trend break out, price fails to break the supply zone and the stochastic oscillator is on overbought, which is influence to take a sell entry. Where stop loss at this entry will be 60 pips and take profit will be 250 pips if the price goes to our favour.

Final words.

DYOR! And any investment requires knowledge and experience also don’t forget to use proper risk management in any investment you take, none of that will suck your ass.