CHF/JPY Daily Price Forecast – 16th April 2025

CHF/JPY Daily Price Forecast – 16th April 2025

If you like our trade signals, join us on our PREMIUM TELEGRAM CHANNEL.

117% ROI in ONLY 10 days. Join our Facebook Group to learn more.

Trade Summary:

CHFJPY
Buy Stop @ 174.725
TP @ 175.444
SL @ 174.007

CHF/JPY Analysis (H4 Chart)

Overview

The chart provided is a 4-hour (H4) timeframe for the CHF/JPY currency pair. The analysis highlights key levels for a potential trade setup, including a Buy Stop, Take Profit (TP), and Stop Loss (SL). The chart also includes moving averages (MA) that provide insights into the trend direction and momentum.

Key Observations

• Trend Analysis

  • The price is in an uptrend, as indicated by the higher highs and higher lows.

  • The moving averages (green, yellow, and red lines) are aligned in a bullish configuration:

    • The short-term MA (green) is above the medium-term MA (yellow).

    • The long-term MA (red) is below both, confirming the bullish trend.

• Key Levels

  • Buy Stop: 174.725

    • This level is slightly above the current price, indicating a breakout strategy. The trader expects the price to continue upward momentum if it surpasses this level.

  • Take Profit (TP): 175.444

    • The TP level is set at a previous resistance zone, where the price may face selling pressure.

  • Stop Loss (SL): 174.007

    • The SL is placed below a recent support level, minimizing risk in case the price reverses.

• Price Action

  • The recent candles show a pullback after a strong bullish move, which is typical in an uptrend. The price is currently consolidating near the Buy Stop level.

  • If the price breaks above 174.725, it could signal the continuation of the bullish trend.

• Support and Resistance

  • Support: 174.007 (SL level) acts as a key support zone.

  • Resistance: 175.444 (TP level) is a significant resistance zone.

• Risk-Reward Ratio

  • The distance between the Buy Stop and TP is approximately 71.9 pips.

  • The distance between the Buy Stop and SL is approximately 71.8 pips.

  • The risk-reward ratio is close to 1:1, which is acceptable but could be improved for higher profitability.

Trade Setup

• Entry: Place a Buy Stop order at 174.725.

• Stop Loss: Set at 174.007 to limit downside risk.

• Take Profit: Target 175.444 for potential gains.

Technical Indicators

• Moving Averages:

  • The alignment of the MAs supports the bullish bias.

• Momentum:

  • The recent pullback suggests a temporary pause in the uptrend, but a breakout above 174.725 could reignite bullish momentum.

Potential Scenarios

• Bullish Breakout:

  • If the price breaks above 174.725, it is likely to reach the TP level at 175.444.

  • Traders should monitor for strong bullish candles to confirm the breakout.

• Bearish Reversal:

  • If the price fails to break above 174.725 and falls below 174.007, it could signal a trend reversal or deeper pullback.

Conclusion

The CHF/JPY pair is in a bullish trend, and the trade setup aligns with the trend-following strategy. The Buy Stop at 174.725 is positioned to capture a breakout, with a TP at 175.444 and an SL at 174.007. Traders should monitor price action near the Buy Stop level for confirmation of the breakout.

Recommended Lot Size

Trading is all about statistics.

While we can experience winning streaks, we can also suffer from losing streaks.

As such, we should always size each trade to withstand losing streaks (if any).

It’s widely recommended that you should not risk more than 2% of your capital for each trade.

We believe it’s easier to control your lot size by limiting your lot sizing to 0.01 for every $500 in your account.

So if you have $5000, then risk no more than 0.10 lot size per trade.

*****************

If you spot a mistake especially when it comes to the price, please use common sense and check the chart.

We wish you good luck and good profit for this trade idea.

For more trade ideas, join the Price Action Society…

Start with a $30 trading bonus

Trade forex and CFDs on stock indices, commodities, stocks, metals, and energies with these licensed and regulated brokers.

For all clients who open their first real account, these brokers offer a $30 trading bonus to test their products and services without any initial deposit needed.

Learn more about how you can trade over 1000 instruments on their MT4 and MT5 platforms from your PC and Mac, or from a variety of mobile devices.

If you like our analysis and would like to receive 3 to 7 trade ideas per day, then
Click here to learn more about the Price Action Society.