Preferred direction: SELL Comment: The franc also closed yesterday's target, and the fall is likely to continue in the short term. This applies to all major competitors of the US dollar , which has begun to correct. However, it should be noted that in a more global perspective, the US dollar is still strong, and we can expect the upward trend to...
My dear followers, I analysed this chart on CADCHF and concluded the following: The market is trading on 0.6656 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.6673 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to...
Hello,Friends! CAD/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
The analysis of the CADCHF chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers. ❤️ Please, support our work with like & comment! ❤️
😇 7 Dimension Analysis Time Frame: H1 1️⃣ Swing Structure: Initially bullish with proper Breakout of Structure (BoS), now showing a corrective move after inducement, possibly heading towards extreme swing area of correction 🟢 Internal Structure: Bearish 🟢 Ext POI: Unmitigated 🟢 Support & Discounted: Same area, drawing a Trendline break upside for additional...
A glimpse of the CADCHF in the first half of 2024 Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
A #short trade opportunity recently presented itself on the #loonieswissy (#CADCHF) #trading chart 📉. This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.66868 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell). Sufficient downward momentum...
Traders, D: 4h: Our strategy for this pair involves positioning our orders strategically below the liquidity hunt. By placing our orders in this manner, we aim to capitalize on potential market movements following the liquidity hunt, maximizing our chances of entering favorable positions. As we await the release of Canadian Retail Sales data, it's crucial...
The pulse to the upside which has already broken some previous support levels, has created a nice up move (without any red candles) and a retracement to the Fib(0.318) level. If the 1H candle closes above Fib(0), we will be waiting for a touch back to Fib(0) and place our entry there. If the candle closes right on top of the Fib(0) line, we will enter the trade...
The analysis of the CADCHF chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers. ❤️ Please, support our work with like & comment! ❤️
While undergoing a series of confirmations involving the breach of two support levels and the crossing of MACD on the 4-hour chart, is it conceivable to surpass these indicators and reach the third support level? Currently in the learning phase. Disclaimer: The trading strategy shared on TradingView is for personal record-keeping purposes only and does not...
Price is rising into a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement. A reversal from this level could lead to a price drop to our take profit. Entry: 0.66482 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 0.6676 Why we like it: There is a...
CADCHF is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge. Currently the price has given the massive breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target could be...
CADCHF,when you see a price rallying toward a certain price point, which is opposite to the trend which is bearish, we call it retracement since the price is trying to fill or revisit to its unfinished business, and this is what is happening ladies and gentlemen welcome abord, don't forget to follow me for more insights
Hello traders, welcome back to another market breakdown. CADCHF has been trading around a Key Macro level. The bulls seem to be reclaiming a KEY Macro level many times which is a bullish signal. I'm waiting for the price to pull-back to the previous S/R zone. Trade safely, Trader Leo.
Hey Traders, in today's trading session we are monitoring CADCHF for a selling opportunity around 0.66600 zone, CADCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.66600 support and resistance area. Trade safe, Joe.
Hello,Friends! CAD/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.666 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is...
I would like to quote a wise (and profitable) trader at this point: "Trading is a simple game. What makes it so complicated is the presence of the SNB." Put simply: I'm buying the CAD against CHF for a long-term swing trade. The reasons for this are short and sweet: - As predicted back in February, Swiss inflation fell below 2% in July. - As predicted,...