CADCHF - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for CADCHF.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Cad-chf
CADCHF Above its 1D MA50 and bullishThe CADCHF pair closed yesterday above its 1D MA50 (blue trend-line) for the first time since November 08 2022. This is a bullish break-out opportunity targeting the 1D MA100 (green trend-line) as every prior time this break-out took place, the price always hit the 1D MA100 within the 6 month Bearish Megaphone pattern.
Note that the 1D RSI being on Higher Lows, supports the bullish case.
A break below the 0.67750 Support though will be a sell signal targeting 0.6660, which represents a -4.50% drop from the January 13 High, which is an average decrease since June 2022.
Previous CADCHF signal:
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CADCHF: Potential Pullback Trade Explained 🇨🇦🇨🇭
CADCHF is approaching a key level.
To catch a pullback from that, watch a triple bottom formation on 1H.
0.679 - 0.6796 is its horizontal neckline.
Your confirmation will be its bullish breakout (hourly candle close above).
Then buy aggressively or on a retest.
Targets: 0.681 / 0.6822
If the price sets a new low, the setup will be invalid.
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Cadchf buy short termHi all,
following on from last week long on this pair, we are looking at opening a buy position on this pair this week using the H1 timeframe. W1 Bullish engulfing candle with a possibility of a 3 inside bullish crown.
Price has offer a decent retracement to the 60% fib level.
entry, sl and TP marked.
Please like, follow and comment if you have any question.
Many Thanks
Selling Canadian Bacon.CADCHF broke the above trend line that market have been respecting for the last 2 years & 6 months. When a 2+ year trendline have been broken the market is trying to tell us something, if you look close enough you'll see market dropped 680 pips to break that trendline and is currently consolidating that move. When market decides to break the previous low made (0.71154), i see market dropping towards 0.68, a (-6.06%) decline from markets current position covering -438.6 pips. The CAD have been suffering due to falling oil prices and the CHF is benefiting as a safe haven & aggressive hikes from the SNB. Adjust STOPLOSS to suit your RISK plan.
The CADCHF awaits the negative momentum – AnalysisThe CADCHF pair touched 0.6780 level to form intraday obstacle against the negative trades, to notice forming temporary correctional rebound and test the additional barrier at 0.6890.
We assure the importance of gathering the additional negative momentum to manage to renew the bearish attempts and repeat the pressure on 0.6780 level, while achieving the required break will push the price to reach the additional negative stations at 0.6740 and 0.6670.
The expected trading range for today is between 0.6870 and 0.6740
The expected trend for today: Bearish
CADCHF may be aiming long after huntingA yearly support zone dating back to 2022 was touched by CADCHF. The price bounced off that zone.
But there is a lack of liquidity, making it difficult to trade long.
The price is likely to retest the resistance level at 0.6800 and make a bauble bottom pattern,
But this time, there might be a liquidity hunt for orders below 0.6800. You should wait until the hunt is over (and it will be) and then consider buying at 0.70.
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CADCHF is testing a resistance 🦐CADCHF after a long downtrend might have found a fist bottom.
The price is now testing a minor resistant and a retracement to the 0.382 Fibonacci level can be seen.
I will wait for a potential break and IF the market will satisfy the Plancton's Academy rules i will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
CADCHF - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on MONTHLY: Left Chart
CADCHF is trading inside a big range and now approaching the lower bound / support zone so we will be looking for buy setups.
on H4: Right Chart
CADCHF formed a channel in red but it is not ready to go yet.
Trigger => for the bulls to take over, we need a momentum candle close above the last high in orange.
Meanwhile, until the buy is activated, CADCHF can still trade lower inside the monthly support.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich