CAD CHF Long to 618 another +200 pips Our CAD CHF long trade taken last week currenty +80 pips will continue to the 618
another 200 pips where we will be looking for signs to short
Cad-chf
CADCHF TO COMPLETE A DOUBLE ZIGZAG CORRECTIVE PATTERNHi Traders,
The CADCHF has just completed a zigzag correction which retested a swing level that lined up with 50.0 Fib ratio and descending trendline.
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The correction which is most likely wave (b) of Y of double zigzag pattern signals the continuation of the downtrend in the wave (c) of Y.
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Considering that traditional technical analysis agrees with Elliot Wave analysis we now have solid evidence to go short on this pair.
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The target for this setup is the support 0.73333 that's between 61.8 and 100% FE of wave (a) of Y.
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Best of luck on the chart!
Veejahbee.
cadchfShort idea.
I have my main chart set up on my other platform, so i have all my reasoning to enter.
Im just showing you where i believe its going.
This is just a free post
CADCHF approaching support, potential bounce!CADCHF is approaching our first support at 0.7468 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 0.7518 (50% Fibonacci retracement).
Stochastic (89,5,3) is approaching support as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CAD/CHF long positionCAD/CHF was created a bullish head & shoulders pattern and retest the neckline and now it's good to enter a long trade at this pair.
CADCHF Potential Sell Setup on H4CADCHF is trading near a horizontal resistance and has recently entered into a consolidation, forming a bearish wedge pattern. This is a continuation pattern, and the price seems to be breaking out to the downside.
Further to the upside, the longer-term trendline could provide strong selling power.
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CADCHF Approaching Resistance, Rising Wedge, RSI DivergenceOn CADCHF we can see a rising wedge forming as well as clear RSI divergence.
Coupled with these patterns, price is also approaching an area of strong resistance.
I am looking to sell the breakout of the wedge and take profit at the recent lows
CADCHF: Long term Sell opportunity.The pair is trading on a long term Channel Down pattern on 1M which since February is trading sideways near the Lower High zone (RSI = 49.216, STOCH = 53.334, Williams = -48.705, CCI = 3.1294, Highs/Lows = 0.0000). This is a long term bearish signal and we are taking this on a double target, TP1 = 0.73200, TP2 = 0.72245.
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CADCHF approaching resistance, potential drop!CADCHF is approaching our first resistance at 0.7544 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support at 0.7504 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Cad/Chf Buy at pullback I’m looking at going long on this pair if there’s a pullback into support or buy from the break of resistance depending on the H1 candle . I see an inverse H&S on H4 .
Many Thanks
CADCHF approaching resistance, potential drop!CADCHF is approaching our first resistance at 0.7544 (horizontal pullback resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support at 0.7502 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF approaching resistance, potential drop! CADCHF is approaching our first resistance at 0.7544 (horizontal pullback resistance, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7502 (50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF Shortlooks like a rounded top and distribution to me, will take partial profits on the way down - stop loss a little above recent price action
CADCHF approaching support, potential bounce!CADCHF is approaching our first support at 0.7451 (horizontal overlap support, 61.8%, Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 0.7535 (horizontal overlap resistance, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our support where we might see a bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF Structure Trade Opportunity if Price Breaks .751 LevelWe have an opportunity to look for a short trade on CADCHF.
We have multiple reversal signals including:
1) A rejection candle
2) Multiple failed attempts to break .762 level
3) RSI Divergence
CAD/CHF Long Hi All ,
My Bias on this pair is still long , Last week i profited from the range , on my long positions . as you can see the oil price of last week friday has taken is toll on all xxxcad pairs , this coming week i see positive movement from cadchf . As you can see we are still on a uptrend move , & this point is i think is a great opportunity to open buy targeting the break of the rectangle box range to the upside , I have a wider SL , to let the trade /price consolidate properly .
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