A #short trade opportunity recently presented itself on the #loonieswissy (#CADCHF) #trading chart 📉. This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.66868 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell). Sufficient downward momentum...
Hello 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....
Hello traders we are currently looking at CadChf Sell for very long time the cadchf has been on a down trend, at this point we wait for price confirmation if price fails to break level 0.66694 that means we would be expecting price to complete the neck line retest at level 0.67427 on the daily time frame (TF) and if price breaks lvl 0.66694 then we would see...
Put a fork in this Carry Trade ! - This pair is done.
As you can see, price is going up in parallel channel. Price has reached to it's high level and need to get a bit rest for next movements. So I expect to see a bit decrease within the channel and almost 150 pips profit is possible.
.... Then we shall see...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Hi, this is CADCHF as you can see it is developing a three touch pattern with possible double bottom all that is telling me a reversal to the upside is on it's way. a closer look please remember this is my analyses. Kind Regards
Please Follow My profil to get the forex ideas>> @PublicSquareFX CADCHF
Wait for clear breakout and close of H4 candle below the highlighted area and then short the pair.
CADCHF is putting in higher highs and higher lows on the 4 hourly chart. MACD is creating new lows while price is currently at a higher low giving us the divergence. using this we can look for bullish entries using your preferred method of entry with a stoploss under the previous price / divergence low. Take profit can be set to a gap close or the recent range...
Pair has ranged Two Weeks at Buy Zone; A look at individual Strengths/ Weakness should reveal when pair is ready for move. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, and Support channel for future content. Thank you and happy trading.
Recomended: Confirm Buy levels with Buy-triggers for Long entries-- Or counter-trend on confirmed rejection at key-levels Note that Strong CAD and Weak CHF are confluence for Long-setup; wait for more weakness on CHF considering CAD has been on the gain. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, and Support this...
The outlined white arrow pathway is the predicted pathway that the CADCHF will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where CADCHF will turn. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS...
CAD/CHF 4H Chart: Channel Down The Canadian Dollar is trading against the Swiss Franc in a three week long descending channel that represents a rebound of the currency exchange rate from the upper edge of a dominant long-term ascending channel. Over the previous week the Loonie depreciated against the Franc by 1.16%. A rebound from the monthly R1 at 0.7786...
Brief overview: Looking at the CADCHF over multiple timeframes, I believe there is an opportunity to short this pair. After the recent rally on the 4H chart, we can see price was met with a strong resistance and dropped back down to a recent support level. We have downward momentum on multiple timeframes and I'm waiting for confirmation before activating this...