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Cad-chf

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.
Short
by xavierNF
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
Short
by eltonmorningstar
1
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. ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Long
by Candlestick_OB
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. –––– 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.
by InkyGrip
18
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
Long
by TheSignalyst
5
CADCHF Previous Target hit. Sell now, unless breakout happens.The CADCHF pair gave us a perfect buy 1 month ago after we spotted the RSI Bullish Divergence and the price rebounded strongly on the 1 year Support Zone: Our 1D MA50 (blue trend-line) target was successfully hit and now we see the price struggling to close above it. This continues to print the same sequence as the fractal that helped us spot the Bullish Divergence in early July. As you see on July 13, that rebound within the Channel Down was also rejected on the 1D MA50 and pulled-back to make a Lower Low. At the same time, its Symmetrical move that rebounded on the 1 Year Support also on December 20 2021, formed a short-term Channel Down (red pattern) that broke within the 0.618 - 0.786 Fibonacci Zone before rebounding above the Symmetrical Resistance Zone. As a result, our moderate short-term Target is the 0.618 Fib at 0.7200 and are willing to buy only it the price breaks above the Symmetrical Resistance in which case we can long a strong rally targeting 0.7500, 0.7600, 0.7700 and 0.7800 in succession. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
CADCHF - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. CADCHF is overall bearish trading inside the brown channel, and it is currently approaching the upper brown trendline. Moreover, the zone 0.735 in blue is a strong resistance zone . So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: As CADCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
5