CAD/CHF D1 | Potential bullish breakoutCAD/CHF is rising towards a potential breakout level and could breakthrough this level to climb higher.
Buy entry is at 0.65371 which is a potential breakout level.
Stop loss is at 0.64470 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at 0.66733 which is a pullback resistance.
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CADCHF
CAD/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
The BB lower band is nearby so CAD-CHF is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 0.651.
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CADCHF Will Go Up From Support! Long!
Here is our detailed technical review for CADCHF.
Time Frame: 10h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.649.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.653 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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✅CAD_CHF RISKY LONG🚀
✅CAD_CHF is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the pair is about to retest the rising support
Thus, a rebound and a move up is expected
With the target of retesting the level above at 0.651
LONG🚀
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CADCHF,🟢Is it bullish...?🟢
By examining the CADCHF 1-hour chart we can figure out there is a lot of buy-side liquidity that can be defined as a smart money target.
The market structure is bullish and the price had a bullish reaction to the daily order block.
Now, there is a sell-side liquidity inside the FVG that creates a high probability buy setup for us.
Please keep it in your mind: We need the LTF confirmation for entry.
💡Wait for the update!
🗓️07/03/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
CADCHF LongCADCHF is seeing the Daily and Weekly chart respecting discount bullish fair value gaps.
As price has rebalanced the BISI's and is rejecting from them, I anticipate to now trade up to external range liquidity (old swing high's on Weekly/Daily Chart).
I want to see H1 discount levels be respected and H1 premium levels disrespected to look for m5/m15 bullish displacement entry.
As of right now, h1 is pulling back and I am waiting for the respect/disrespect to shift in the direction of this trade idea.
CADCHF SHORTEven though we have a high probability chance of going short from this zone at 0.65280. We have seen how price has decided to deliver price bearish. On this zone on the 5Min, price has already mitigated the Demand zone and its set to go bearish from my analysis. See where you come in and trail stop loss when it breaks through 0.64930 for the potential target at 0.64704
CADCHFCADCHF is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the reasonable retracement level.
If the sell momentum continues the next target could be 0.6460
What you guys think of this idea?
CADCHF - 4hrs ( Sell Trade Target Range 100 PIP / Scalping ) 💵Pair Name CAD/CHF
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short ) Mid Term
Type : Mid Term Swing
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Bearish Break
0.65000 Area
Reasons
- Major Turn level / M
- Fixed Range Poc Area
- pattern Break
- W + D low Break
- inner Choch Zone
Bullish Reversal
0.64000 Area
Reasons
- Major Turn level / D
- Pattern Target
- Choch Zone
- Fibo Golden Zone
- Quarter's Area
- Fixed range Poc
CADCHF: Is That a Bear Trap?! 🇨🇦🇨🇭
CADCHF tested a key daily rising trend line today.
On an hourly time frame, we see a nice example of a bearish trap
with a formation of a strong bullish imbalance afterward.
I think that the pair may keep growing now.
Goals: 0.6489 / 0.6498
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CAD/CHF LONG FROM SUPPORT
Hello,Friends!
CAD/CHF pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.653 area.
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CADCHF,🔴Sell Opportunity🔴(Details on caption)
It is an aggressive sell position.
The price collected the buy side liquidity on the daily time frame and closed the candle body below the FVG that made it as an inversion and strong resistance. So now we can expect the price start the bearish move from here or from the bearish breaker.
I said it is an aggressive position because we enter it before the market structure shifts in this scenario.
I hope you find this information useful..
💡Wait for the update!
🗓️22/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
CADCHF: Thoughts and AnalysisToday's focus: CADCHF
Pattern – Continuation
Support – .6502
Resistance – .6540 - .6549
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the CADCHF on the daily chart.
Today, we have broken down what looks like a continuation pattern playing out. Looking at price, we can see a retracement that came to a stall point, setting up support in the moving averages that then formed a reversal bar. Today's buying could set a confirmation bar if we see yesterday's high beaten.
We have run over entry ideas and warning signs if sellers break certain levels. If buying continues, we want to see resistance beaten and possibly a test of .6590 on a new trend extension higher.
Good trading.
CAD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
Previous week’s green candle means that for us the CAD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.644.
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CADCHF Rejected on the 1D MA200. Sell opportunity.It has been more than 4 months since our last analysis on the CADCHF pair (October 10 2023, see chart below), which was a sell signal that hit directly our 0.64800 Target:
The current signal is no different, as the continuous rejection on the 1D MA200 (orange trend-line) since February 13, is giving a strong sell signal, which will be confirmed once the 1D MACD forms a Bearish Cross. As you can see, the pattern since December 2022 is a Channel Down and every 1D MACD Bearish Cross above 0.00, has formed a Lower High, hence issuing a strong sell signal. Our Target is the top of the Support Zone at 0.63500, which has been the first Target during the previous 2 Lower High rejections.
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🚀💰 **Jumpstart Your Trading Game: Short Opportunity on CAD/CHF
Calling all traders! 📢 If you're on the lookout for a lucrative short opportunity, look no further than CAD/CHF! 📉
With external liquidity out of the picture, the conditions are primed for a strategic move. Here's the scoop: the Canadian dollar (CAD) and Swiss franc (CHF) have been dancing to their own tunes lately, detached from external influences. This independence sets the stage for a focused, high-potential short position.
The CAD has been showing signs of vulnerability, facing headwinds from uncertain oil prices and mixed economic data. Meanwhile, the CHF, known for its safe-haven status, tends to thrive in times of market uncertainty. This dynamic duo presents a compelling setup for traders looking to capitalize on diverging trends.
Why short CAD/CHF? Picture this: as risk sentiment fluctuates and market dynamics evolve, the CHF could gain strength against the CAD, amplifying potential profits for savvy traders who position themselves accordingly.
But remember, success in trading requires careful planning and execution. Keep a close eye on key support and resistance levels, monitor market sentiment, and be prepared to act swiftly to seize the moment.
So, ready to take advantage of this golden opportunity? Dive into the world of CAD/CHF trading and make your mark in the financial markets! 📈💼
CADCHF Double Top, 1H & 4H Divergence (Bearish Bias)CADCHF price action shows:
(1) 1H & 4H Divergence
(2) Double Top Reversal
(3) Trendline Strong Resistance
Confirm bearish bias.
***Trade Plan (Bearish Bias)***
SL: Previous Top/Resistance
Entry Price: Previous HL/ Sell Stop
TP: 1:1 Reward & Strong Support