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CADCHF

CADCHF - Watch For Breakout!Following on from our last CADCHF post, which resulted in a full TP of 900pips, we have found another great opportunity. We are currently in wave 4, which appears to be a ABC correction. We are looking to trade the C leg of wave 4. We anticipate that wave B has completed therefore we can use the lows of wave B as invalidation level for our bullish trade. Trade idea: - Watch for bullish price action and enter - stop loss below wave B completion (basically the lows) - Target: 6.8 (300pips) but do actively manage your positions as we move higher. See our last CADCHF post here: Goodluck and as always, trade safe!
by WicktatorFX
2
CAD/CHF WAITING FOR SHORT TRADEOn CAD/CHF, we have a bearish setup: there's a trendline supporting the price decline. The price at the level of 0.6540 has broken the low of July 21st, and what I expect is a retest of the break, and if there are operational confirmations, one could consider opening a short position. Personally, I don't have a strategic operation in this exchange. What I see is a truly strong Swiss franc in the last month, with a weak Canadian dollar, which is further amplified by a weak US dollar. This morning, the price broke another demand zone, supporting a bearish view. Tonight, we have the Fed rates, so keep an eye out for potential volatility. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
2
CADCHF - 4hrs ( Buy Trade Target Range 140 PIP ) Pair Name : CAD/CHF 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 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 ——————————— Bullish Reversal 0.65000 Area Reasons - Major Turn level - Visible range lvn - Liquidity Zone - Fibo Golden - Quarter's Area Bearish Reversal 0.66200 Area Reasons - Major Turn level - Fixed Range Lvn - Visible range Value - Visible Range lvn - Month Low Area
Long
by GoldenEngine
6
CADCHF Is Very Bearish! Sell! Please, check our technical outlook for CADCHF. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.654. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.640 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
3