CADCHF
CADCHF 6th JANUARY 2023Double bottom pattern is a bullish reversal pattern that occurs at the bottom of a downtrend and signals that the sellers controlling the price action so far are losing momentum. Pattern resembles the letter “W” due to a two-touched low and a change in trend direction from a downtrend to an uptrend.
CADCHF I Long-term BUY Swing 200 pipsWelcome back! Let me know your thoughts in the comments!
**CADCHF Analysis - Listen to video!
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CADCHF, Where are we going? Price has on the downfall for quite some time which shows sellers were in control. Looking at the current price action, we can see there is much more room for further downside, however buyers are getting active and we might see price breakout of the correction and head north to regain some ground.
Best to wait for confirmation and find an entry that suits your trading plan.
Thanks
Trade Safe
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 - 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.
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~Rich
CADCHF Short? Well Let's see if the market decides to rangeCADCHF has been in a multi month bearish market. It's now at a resistance level on the daily chart, will we see downside out of this price?
Remember certainty is never present in the markets and boy am I uncertain about this one! Lets see what happens...
cad/chf sWING ITHEY hey or as santa would say ho ho ho ... NOT this year santa is saying Merry Christmas with a potential cad/chf move to the upside
remember information shared is for educational and demo purposes only! please practice proper risk management if and when you start trading in the financial markets
love to hear your opinion lmk what you think of this Set up!?
CADCHFDue to the lack of ability to break the support and the confirmation of entry into the long trade, a suitable opportunity for trading has been created.
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CAD/CHF Volume Profile and Price action analysisOn CAD/CHF is nice to see strong sell-off from the price 0.68670 , there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale
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 top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.