A sell on CADCHF at the highH4: Pointing Upwards (H1 is overbought)
D1: Up (H4 is overbought)
Moving Average:
Against Daily MA
H4 pointing upwards
Pattern:
M30 AB=CD
Strong resistance at 0.6490 - 0.6510
30 pip stop loss.
60 pip target
Why are we taking this?
1) H4 and H1 is overbought
2) Strong structure
3) Yesterday's high
4) Lots of divergence
CADCHF
CAD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
It makes sense for us to go short on CAD/CHF right now from the resistance line above with the target of 0.644 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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CADCHF Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
CADCHF Technical Analysis and Trade IdeaThe CADCHF has been on an upswing lately, reaching a critical resistance level. This is indicated by higher highs and higher lows on the daily and 4-hour charts. We are looking for a pullback to the 61.8% Fibonacci level as a potential entry point for a long trade. However, it is important to remember that this is just speculation and should not be considered financial advice.
CADCHF Trading Plan - 07/Feb/2024Hello Traders,
Hope you all are doing good!!
I expect CADCHF to go Down from these levels.
Potential B wave of bigger correction is almost completed.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
CADCHF Will Go Down! Short!
Here is our detailed technical review for CADCHF.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.647.
Considering the today's price action, probabilities will be high to see a movement to 0.642.
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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CADCHF What Next? SELL!
My dear friends,
CADCHF looks like it will make a good move, and here are the details:
The market is trading on 0.6471 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short ) signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.6450
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
CAD/CHF +65 Pips 0 Drawdown , New 2 Entries Valid Soon !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CADCHF: Short Trade Explained
CADCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADCHF
Entry Point - 0.6445
Stop Loss - 0.6462
Take Profit - 0.6413
Our Risk - 1%
Start protection of your profits from lower levels
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CAD/CHF BEST PLACE TO BUY FROM|LONG
Hello,Friends!
CAD/CHF is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a classical trend following opportunity for a long trade from the support line below towards the supply level of 0.645.
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CADCHF BUY
📈 Market Analysis - Buy Opportunity
🔍 CADCHF Analysis:
CADCHF is currently rebounding from the lower low area of the downtrend line on the daily timeframe chart. Additionally, in the 4-hour timeframe, CADCHF has successfully broken above the top (lower high) area of the descending channel.
📉 Expectations:
Anticipate the pair to re-test key support levels as highlighted in the attached chart.
📊 Trading Strategy:
This trade is grounded in a blend of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: If the trade does NOT surpass our entry-level (GREEN LINE ON THE CHART), Do not enter the trade.
2️⃣ Rule 2: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
3️⃣ Rule 3: After reaching Target 1, avoid placing new trades based on the same signal/alert.
4️⃣ Rule 4: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
📈 Happy Trading! 🌐💹
SELL CADCHFConsider selling CADCHF based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
CADCHF - 4hrs ( Tp 1 Hit + 30 PIP / Full Tp 120 PIP ) Pair Name : CAD/CHF
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Long
Educational
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🔗 Just browsing through my analysis means a lot to me.
☑️ Update - VIP Opportunity
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💰 Take Profit 1
⚡️ Account Growth = 5 %
💵Pip' Achieved = 50 PIP
CADCHF - 4hrs ( Buy Trade Target Range 💵Pair Name : CAD/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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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 ( Long )
Type : Mid Term Swing
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This is the best entry point ( 0.63900 )
All the reasons for our deals are based on the Golden Engine course + our educational content
Please review the chart carefully
You may agree or disagree with me
But most likely we provide everything, all the available information and the finest details
CADCHF Is Bullish! Long!
Take a look at our analysis for CADCHF.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.645.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.648 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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CADCHF H4 | Heading into resistanceCAD/CHF is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.64734 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level.
Stop loss is at 0.65250 which is a level that sits above a swing-high resistance.
Take profit is at 0.64234 which is a pullback support.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
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CAD/CHF Ready For Buy To Get 200 Pips At Least 🔥This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.