CADCHF: Bearish Continuation is Highly Probable 🇨🇦🇨🇭
CADCHF pair is trading in a global bearish trend.
From the beginning of October, the market was correcting within a rising wedge pattern.
Its support was broken yesterday.
I believe that the market may drop soon to 0.7245 / 0.72
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CADCHF
CAD CHF 4H LONGIn order to reach another ceiling in this channel, we have to witness the necessary approvals that include candles and reducing the skewness coefficient.
Pay attention that the slope of the last downward log is severe and if the selling pressure that is suffered by several candles is not reduced, it is not possible to take a risk and enter the upward transaction.
CADCHF SHORTAs we can see with the last trades NFP price has not created explosive moves on USD pairs until Monday and Tuesday this week. As far as this pair the CadChf has showed exhausted bulls. Price had a 0.78131 high back in May this year but the trend wasn't established until price decided not to break that high coming short of the high making a lower high at 0.77980 which means we have been in a downtrend with slight pullbacks until late September price had broken out of the trend line making a correction which seems to come to an end as of now
CAD/CHF: Review!!!So, in this past analysis that I made, this was not good trade and little hard to traded it in Canadian Dollar/Swiss Franc as we had the FED interest rate decision that move the financial market very volatile.
So, I enter in two different position with good opportunities that I would have gotten this nice opportunity that I fell.
But we would review what happened in the past week and what I will need to improve my skills.
1. CAD/CHF: Long position on October, 31, 2022
In this screenshot, we see that I remember that I update this par and I was in long position and very good with almost 60 pips. Also, in the past I put my target to $0.7460 CHF, what later I move it to $0.7490 CHF. if I would have gotten to closed up this long in $0.7460 CHF, i would got 60 pips in profits. what I decided to up my target profit to $0.7490 CHF. But maybe, I found out an interesting resistance in $0.7558 CHF, what I fell in this unique zone to don't improve this hide zone in H4 timeframe that I believe that I will need to take care of this institutional zone. But I ended this trade that took me my break even in $0.7304 CHF what I result a loss of 1.11%, after that I was in profit to long position.
2. CAD/CHF: Short position on November, 2, 2022
In this analysis, we see that I was in short position shorting from $0.7430 CHF, and also I made a very good analysis that CAD has the chance to continue drop toward $0.7365 CHF with a lot true. But the price moved by bullish sentiment that I remember that I closed up manually to $0.7322 CHF, what was a small earn of 0.74%, and also I don't know if this was a good opportunity to re-entry to long that I suppose to do that.
But well, I see that my trades are not very bad, but there're some key to work for my trading experience like still pending in H4 if we see a resistance key to watch out to fix my target profit only for my first trade in this par. And my second trade, I don't found out any fell, what the only it's trying for me to work a little more my analysis, as my second trade was a great trade, that my short could to give me a nice opportunity.
That it's all my review. I end with 1.11% loss and 0.74% earned. A total of -0.37% in loss. It's quite small that any ant see it.
Good day!!!!
CADCHF: Waiting for further CONTINUATION!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
In our previous post, about few weeks ago, we forecasted a potential upside movement considering the overall reversal bias.
The market clearly performed it, breaking the main high timeframe structure and it’s currently forming a potential continuation.
The momentum doesn’t look very strong, so it may form a bigger structure, retesting the zone 0.73500, 0.7300, creating deeper pattern where we would try to take advantage.
Overall in HTF a double bottom and breakout of the main structure, are clues enough to justify a further bullish movement.
In LTF a sequence of bullish small structures are moving up targeting the next swing high.
When, where and why would we step into the market?
Before entering long on this market, we will be waiting a greater entry, patiently waiting for the confirmation and formation of a bullish continuation pattern.
In the scenario of reversal and/or price not forming the expected price action, no action will be taken on this market and the overall setup will be invalidated .
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DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
CADCHF: The market is reacting around a strong SWING!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Higher timeframe:
Lower timeframe:
In HTF this market reached an interesting swing at around 0.71700, which reversed the direction the last March. At the end of September 2022, it approached on the current area, double topping and reversing, after it has been moving inside a descending channel for almost 6 months.
Currently, the price is correcting (still inside the structure ) with a possibility to see further bullish price action.
When, where and why would we step into the market?
The market is not ready for a long trade, not so much space inside the structure to enter long with a good RR, however, a breakout to the upside of the main structure would be an interesting entry point to take advantage of!
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
CADCHF Next Possible Move#CADCHF ( Canadian Dollar / Swiss Franc )
Long Time Frame #LTF :
1. RISING WEDGE Pattern in Long Time Frame #LTF and Rejecting from the Upper Trend Line #UTL
2. ELLIOT WAVES - Completed " 123 " Impulsive Wave will Follow Sell Trend to Complete its " 4th " Wave
Short Time Frame #STF :
1. Selling Divergence in #RSI
2. BULLISH PENNANT and Breakout of Lower Trend Line #LTL and Retest
3. Break of Structure #BOS
CADCHF: Pullback From Key Level 🇨🇦🇨🇭
CADCHF has nicely respected a horizontal support on 1H time frame.
I believe that the market may keep growing.
Next goal for buyers - 0.7366 resistance.
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CAD/CHF: Update!!!In this analysis from Friday and very update, we see that Canadian Dollar/Swiss Franc continue to my led direction in the upside. So, I see that H1 timeframe look strong bullish. The only udpate will be to put a break-even in $0.7304 CHF. That it's to cut loss like 12 pips what I enter $0.7316 CHF. What in this moment, I have 34 pips in profit. And move the target profit toward $0.7390 CHF. If CAD/CHF hit my target profit, my result will be 74 pips in earnings.
Now, watching in H4 timeframe still bullish, and taking a good point what I bought!!!
Now, I believe that CAD/CHF it's leading to the top of this higher low line that I draw. in 2 times, made a higher low in the price. What I thought that it's in the reaction that the price drive us.
So, this it's a good opportunity to look!!!
***Now, on this wednesday, we have impotant event to watch like
1. FED Interest Rate Decision, what U.S. Central Bank expect to raise 4% as they forecast, vs. the previously 3.25%.
Also, we have another event to watch during this week like rates in Bank of England interest rate desicion, and many other important event to watch in Forex market.
Good luck!!!
💵Canadian Dollar/Swiss Franc 💵(Short term,11/01/2022)!!!Canadian Dollar/Swiss Franc was able to break the Trend lines and now is pulling back to them.
The structure of the pullback is a Rising wedge pattern.
Canadian Dollar/Swiss Franc bounced back from the upper line of the Rising wedge with the Bearish Engulfing candlestick pattern.
I expect the Canadian Dollar/Swiss Franc will go down at least until the support zone.
🔅Canadian Dollar/ Swiss Franc ( CADCHF ) Timeframe 8H⏰.
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CAD/CHF: Review!!!In this review, this was another analysis that I made in the past week. So, when I knew very good that CAD/CHF was dropping with the case like CAD/JPY, both pars are in dropping. And also, I made a very good analysis what I was shorting from Wednesday, October 26 2022. In the short from $0.7302 CHF and my target fix to $0.7230 CHF. Also, when came the interest rate decision by Bank of Canada, Canada currency drop significantly as I knew very good and only reach $0.7242 CHF, it's was so far to reach my target profit with less 12 pips approximately.
This was a screenshot that I post in my previously CAD/CHF analysis that my technical analysis was driven by fundamental analysis very good in this formation of this bullish channel, what we canto appreciate a bearish rising wedge in the higher point of this bullish channel. So, when the price up, I inevitably closed up this long position got a small loss of 1.16%. When before I was in profit around 46 pips, but if i would have to closed up the short in the $0.7278 CHF. So, I would got 24 pips in profit at least. But after the price go back to the previously level at $0.7310 CHF. I entry in short again with my iPhone, but until I see that bullish rising wedge when I analyze in my laptop, the price was spoke me that it's bullish strong candlestick that it's moment to closed up again a short position, but the small was so diminutive like 0.07%, very near when I open the 2nd trade that I was going to shorten. So, in total of loss in this trade was 1.16% and 0.07% = 1.23%. And to update more, so, I kept in profit in 8.53%.
So guys, I would have to got this profit if only I closed up manually in the pivot of this bottom in this bullish channel. But everything will be a practice.
A widely word that I learn it's the following "The practice make the master"
But well, it's no so bad these trades, but my experience will grow up through this case and process to be very prepared. I don't feel much anxiety or fear to trades. but my perspective I knew it very good. The only to improve in CAD/JPY and CAD/CHF it's only be pending and very update when occur when i have trades and what the price speak us.
So, I have left to analyze USD/CAD, but never goes to my sell order limit, but I see that my perspective was excellent in my another trade that I'm just analyzed. This trade could be another excellent opportunity to take. Anyway, I will analyze making a review to know how the price drop and never goes to my order place when I knew my bearish perspective very well.
So, as I made 8.54% in profit and vs the past week, I made 13.67% in profit during this month. So, I made 22.21% in profit. Only the best trades was GBP/USD and Ethereum during this month.
Now, I'm currently long CAD/CHF from Friday that I decide to run this trade in this week. So, we hope that Forex market open up soon. I will post in the link to related idea my another review and my currently trades.
CAD-CHF Short From Resistance! Sell!
Hello,Traders!
CAD-CHF is going up now
In some sort of rising narrowing channel
But a strong horizontal resistance is ahead
So I think that after the retest
The price will go down
Sell!
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CADCHFbeing held at 0.7320, looking to short .. week of 24 Oct. This pair has been bearish since June, but more recently it has been trying to break above that area. Another attempt is in progress now but in my opinion that will also fail. I am expecting price to turn around and resume the overall bearish trend.
I will be looking for some bearish price action in s/r zone on a lower time frame to target the 0.7120 area. If this works out as per my expectation, we may have a 5R trade.
Always use sound money and risk management and stay patient in all your trades.
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CAD/CHF: Long position; updateIn this little update, as I was first in short from yesterday until I watching that CAD/CHF break up this pattern that formed a bullish rising wedge, So, as I closed up my short position with a small loss of 1.33% as I was in two order to the short. For what, analyzing this case, it's bullish scenario.
But everything could to happen in Forex market to give me the exercise to improve my skills in trading.
What we see it's a bullish rising wedge and the price made this pull back and confirmation in this point ,what I'm in long from this morning from $0.7317 CHF and Stop Loss to $0.7288 CHF. And my fix target toward $0.7372 CHF. We see a bullish scenario case.
So, I will calculate any loss or earn in this trade in the next week, as I decide to hold this position and run until next week. What my result I will post fo November 2022.
Tomorrow I will make my last review of my Forex par to analyze it, and then know what was my monthly percentage in this month.
Good luck!!!