CADCHF - Trend ContinuationThis is a downtrend continuation trade I'm eyeing over on the CADCHF pair. Although the ADX is declining, I think this is a small pause before we see momentum accelerate again. Price failed to reverse to the upside and I'm timing this entry as price breaks below new lows.
TP: 75 pips (2x ADR)
SL: 30 pips
CAD (Canadian Dollar)
CADCHF Trading Plan - 20/Aug/2024Hello Traders,
Hope you all are doing good!!
I expect CADCHF to go up from the zone.
The Up move is expected to be an Impulse, however if it turns out to be a correction another push down can come.
Plan to Trade:
Wait for market to give Buy setup at zone.
Your follow and like will be a token of appreciation.
CAD/CHF: Bearish Breakout Signals Potential Downside➡ Bearish breakout from Rectangle pattern
➡ Next targets: Support levels at 0.6152 and 0.6098
CAD/CHF has broken down from a rectangle formation, indicating a bearish trend. Keep an eye on the support levels at 0.6152 and 0.6098 for potential price reactions. This setup suggests further downside potential.
CAD/CHF BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are going long on the CAD/CHF with the target of 0.628 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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CADCHF Will Go Down From Resistance! Short!
Please, check our technical outlook for CADCHF.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.626.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.612 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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CadChf could see some downside if Chf strengthensHello fellow traders , my regular and new friends!
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CAD/CHF 4hrs ( sell Trade Target Range 150 PIP ) Pair Name : CAD/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Break
0.62800 Area
Reasons
- Major Turn level
- Visible Range Lvn
- inner Pattern Break
- Week / Day low
- Fibo Golden
- Fixed Poc
Bullish Reversal
0.61000 Area
Reasons
- Major Turn level
- Visible range hvn
- pattern Target
- Fibo Golden
- Choch Zone
CADCHF Strong buy signalThe CADCHF pair offered us an excellent sell signal last time we looked into it (July 02, see chart below) as trading within a Channel Down pattern, it was rejected on its 1D MA50 (blue trend-line) and hit our 0.63100 Target:
The Channel Down priced its new Lower Low, even broke momentarily below its bottom aggressively, and now seems to have recovered. The recent pull-back offers a good opportunity to enter this confirmed uptrend, which is technically the new Bullish Leg of the Channel Down.
Our Target is 0.65000, firmly below the 0.786 Fibonacci retracement level of the previous Lower High of the Channel, which is where both Lower Highs so far have been priced.
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CADCHF Bearish H&S 4HR Chart still a fair way a way!CADCHF_2024-08-16_01-03-42_72725.png
CADCHF is very weak on Daily & Weekly timeframes price is well below 200ema & 50ema so very bearish on longer t/f's although price is trying to jump from its very low lows yearly.
Head n Shoulders setup to watch on 4hr t/f & is still about 1% further drop to neckline. May play out later this afternoon in New York session.
Cheers
Chris
Easy +50 Pips On CAD/CHF , Did You Enter ? Here Is our first +50 Pips From this trade , if we can stay below this Res For Today and tomorrow , the price will go down hard
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
$CADCHF | Buy Trade | Market Exec |Technical Confluences:
- Price action is close to the 50% Fibo extension from the beginning of time
- Price action is bouncing off a strong Demand Zone to prevent a new all-time low
Fundamental Confluences:
- Higher interest rate environment compared to CHF will induce re-opening of carry trade positioning
- Canada being an oil commodity nation, will have the strength of oil to keep their GDP sustainable
- Even if the global economy weakens, oil will likely maintain it's pricing with OPEC and OPEC+ holding back supply
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Putting on a Long position in OANDA:CADCHF (1st Entry)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Best Place To Short CAD/CHF To Get 200 Pips ! Ready For It ?The Price At Very Important Res Area That Was A Great Support For This Pair For Long Time So I Think It Will Push The Price To DOWNSIDE Very Hard In The Next Few Days If We Can Close Below It Today And Tomorrow .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CADCHF Will Go Lower From Resistance! Sell!
Take a look at our analysis for CADCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.631.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.626 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Could price reverse from here?CAD/CHF is rising towards the pivot which has been identified as a pullback resistance and could reverse to the pullback support.
Pivot: 0.63648
1st Support: 0.62457
1st Resistance: 0.64492
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CAD/CHF BULLS ARE STRONG HERE|LONG
Hello, Friends!
CAD/CHF pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.646 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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CADCHF - Bears Dominating! CADCHF made a triple top on the daily timeframe in the 0.67 zone, and then an impulsive downward move, showing that the bearish trend is still maintained.
And this week there was a nice bearish pattern (pinbar and bearish engulfing) at the Fibonacci levels, indicating that this could be the end of the corrective movement, and that it will resume its downtrend.
I will update the idea as it develops.
Bearish reversal off 38.2% Fibonacci resistance>CAD/CHF is rising towards the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.64424
Why we like it:
There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 0.64882
Why we like it:
A pullback resistance level is slightly above the 50% Fibonacci retracement.
Take profit: 0.63654
Why we like it:
There is a pullback support level.
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