100+ Pips on the Table — CHFJPY Just Flashed a Buy Signal

CHFJPY DAILY TECHNICAL ANALYSIS 🕵🏽‍♂️
🧠 Strategy Spotlight: CHFJPY's Uptrend Has One Last Launchpad

OVERALL TREND
📈 UPTREND — Bullish structure with consistent higher highs and higher lows forming since March 2025.

📉RESISTANCE

• 🔴 180.070 — SELL STOPLOSS | PIVOT HIGH
  
• 🔴 179.705 — RESISTANCE (MAJOR)
  
• 🔴 179.339 → 177.862 — SELL ORDER RANGE
  
• 🔴 177.014 — RESISTANCE (PROXIMAL)
  
• 🔴 175.526 — RESISTANCE (MINOR)
  

📊ENTRIES & TARGETS

• 🎯 177.115 — BUY ORDER & TP4
  
• 🎯 174.428 — BUY ORDER & TP3
  
• 🎯 172.684 — BUY ORDER & TP2
  
• 🎯 170.173 — BUY ORDER & TP1
  

📈SUPPORT

• 🟡 167.606 — SUPPORT (PROXIMAL)
  
• 🟡 167.505 → 166.0375 — BUY ORDER RANGE
  
• 🟡 165.858 — SUPPORT (MAJOR)
  
• 🟡 165.299 — BUY STOPLOSS | PIVOT LOW
  

🤓STRUCTURAL NOTES

• Recent candle wicked above 175.52600 (minor resistance) but failed to close strong — indicating hesitation or seller defense
  
• High confluence at the 177.11–177.86 zone with both pivot highs and active sell orders
  
• Uptrend structure still intact unless price breaks below 170.17392 with volume and closes under 167.06957
  
• Volume and momentum required to reclaim 177.86 and push toward major resistance at 180.07
  

TRADE OUTLOOK 🔎

• 📈 Active Long Bias above 170.17 (TP1) with bullish targets toward TP4 @ 177.11
  
• 📉 Bearish setup only activates if price fails to reclaim 175.52 and decisively breaks below 170.17
  
• 👀 Watch for reaction at 175.52 (Minor Resistance) — potential rejection could trigger short-term pullback to TP2 @ 172.68
  

🧪STRATEGY RECOMMENDATION

CONSERVATIVE APPROACH (Trend-Following):
— Buy Entry: 170.17
— TP Levels: 172.68 / 174.42 / 177.11
— SL: Below 167.06

HIGH-RISK REVERSAL SCALP:
— Sell Order @ 175.52 or 177.11
— TP: 172.68 / 170.17
— SL: Above 177.86

“Discipline | Consistency | PAY-tience”