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Cadchfanalysis

CAD/CHF: more Bearish continuationHello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the asset , 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. My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies. Monthly timeframe: Weekly timeframe: Daily timeframe: 4 hours timeframe: The market is currently following a descending channel and as you can see on the chart, at the beginning of this channel, the most trading activity was on the higher part, clue that the buyers were still trying to push the price up. Recently the view is changed, in fact sellers now seem to be very aggressive, just look how quickly they reject the price! When, where and why would I step into the market? Considering the recent trading activity on the lower part of this dynamic value area, I will be only looking for sell positions. I will patiently wait a price retracement back to the higher value of the channel and only in that moment (if it will happen), I will be looking for a bearish price action and a good entry point with a RRR of 1:2 or greater. My SL would be above the channel and my first TP around the middle line. If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
Short
by UnknownUnicorn18552923
21
CADCHF - LONGIs CADCHF set up to go LONG? First we look at the Monthly and we see a 10 year trend connecting tops was broken in 2017 and the market has been ranging since 2014. We are now in the middle of that range. We see the low in Jan 2016 was surpassed in March 2020 when Covid 19 broke out, symbolically hunting out the stops and taking out the early buyers. The weekly/daily shows us that the market created a smaller range in April 2021 and doubled the range in August. We are now at the bottom of the range. We can also see the market has currently retraced between the 382 and 50% of the current swing. Price action shows a failure to make new lows. If we take a trend-based fib extension (A-B-C-D pattern) from the low in Mar 2020 to the top of that swing Mar 2021 and back to the low in Aug we have a projected target at 0.80 - see green box. Somewhere in this zone we can look for the long. Do you wait for the market to dip a little more to a 1.272 or 618 ext on the daily? Does the alignment of the 618 ext and the 50% retracement of the latest swing provide more supplementation to our perception of the market? Do we take the long now and not wait for an extension? If so, our stop will need to be below the 618/50% and possibly the 2. Is that too big a stop? I can't tell you exactly when to go but from our analysis I can say we are in the buy zone and we are always looking for optimal entry with a small stop. Yes we would love the price to hit the 618 and show a buying tail but it may not get there. All we can do is stack the odds on 'our side'.
Long
by enzenator
CADCHF LONG TRADE IDEAHello everyone, if you like the idea, do not forget to support with a like and follow. We do have a W pattern formation on the Weekly. We are looking into a neckline retracement before the move to the upside. We can see on the COT - Commitment of Traders, which is what Hedge funds and the non commercials so the biggest in the market are doing. Where we can see that CHF's net positions have been decreasing, where we went from having positive 9,678 net positions to down to minus -17,584 we can see that in CHF is weak, but CAD on the other hand is getting short term stronger so we can expect a long position due to longs being added. Trade Signals BUY Entry: 0.73115 Take Profit: 0.75805 Stop Loss: 0.72551 Good luck! All Strategies Are Good; If Managed Properly! ~FX_SHIFTER
Long
by fx_shifter