CADCHF BEARISH IDEA (DOUBLE TOP)potential bearish entry
Dow Theory in Place: Lower High and Lower Low Expected in Place
The double top, coupled with bearish divergence (a bearish reversal pattern).
The bullish trend is still intact; (be careful with your levels)
Entry, SL, and TP levels are defined.
Cadchfanalysis
CAD/CHF Multi-Timeframe & Order Flow analysis 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. Please also refer to the Important Risk Notice linked below.
LONG REVERSAL IN CADCHF | SWING TRADECADCHF is trading at all time lows area. Checking out the price action, the price is trading in a DAILY FALLING WEDGE PATTERN which is a BULLISH reversal pattern.
Once daily closes above the falling wedge, a LONG can be initiated on
1. Breakout of falling wedge,
2. Retest of falling wedge as support after the breakout
There is also BULLISH RSI DIVERGENCE, which shows downtrend is getting weak and trend may reverse soon.
This is a SWING TRADE.
But if daily closes back inside the falling wedge after the breakout, that would result in fake breakout/bulltrap and the idea will be invalidated.
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
CADCHF : Long Trade , 1hHello traders, we want to check the CADCHF chart in the 1-hour time frame. The price has broken the downward channel and also the key level of 0.66300. If the price pulls back to this level, it is a good point to enter a buy transaction and wait. We have price growth up to the key level of 0.67100. If the price can break this level, the next target will be around the price of 0.68100. Good luck.
CADCHF : Short Trade , 1hHello traders, we want to check the CADCHF chart in the 1-hour time frame. The price is moving in a downward channel and has hit the previous floor. We expect this level to play the role of a resistance level and maintain the downward trend of the price and cause The price drop until the targets are specified. Good luck.
CADCHF sell Entry : 0.66220
Stop : 0.66730 , Target1 : 0.66665 , Target2 : 0.65200
Risk/Reward Ratio : 2
CADCHF Long opportunity ahead
Hello Traders,
CADCHF has bounced from a daily trendline. We have pulled back to a 1hour keylevel (green box) and 1h trendline. If we break the upper trendline I am expecting a continuation to the next 1h keylevel around 0.66300.
Starting next week I am looking to go long.
Do you agree - any feedback is appreciated.
Thanks
CADCHF - Long for equal highs ✅Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: Here I expect bullish price action as price took sell stop liquidity and rejected from institutional mid figure 0.66500. My target is the imbalance higher and liquidity above equal highs
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CADCHF : Short Trade , 1hHello traders, we want to check the CADCHF chart in the 1-hour time frame. The price has broken the key level between 0.67350 and 0.67400 to the bottom and pulled back to it again. We expect this level to act as a resistance level. And good luck until the specified targets fall Good luck.
CADCHF sell Entry : 0.67360
Stop : 0.67740 , Target1 : 0.66980 , Target2 : 0.66600
Risk/Reward Ratio : 2
CADCHF SELLHello 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 more of bearish movement, at this point in time we patiently wait for price confirmation thank.
CADCHF : Long Trade , 1hHello traders, we want to check the CADCHF chart in the 1-hour time frame. After breaking the downward trend line and also breaking the specified resistance level, we expect the price to rise to the specified targets.Good luck.
CADCHF sell Entry : 0.67440
Stop : 0.67000 , Target1 : 0.67890 , Target2 : 0.68320
Risk/Reward Ratio : 2
CAD/CHF March April Challange Hello my friends! How is going your trading week? I hope that is doing well, anyways lets talk about this operation!
Bulish: We are preparing for a trend continuation after the break of the resistance level that we are currently in, for entrys we gonna wait a strong candle, a pattern cadle or something like that.
Bearish: Here for the bearish operation we are waiting a retest in our candle, rejecting the resitance level and then going back to support, we gonna also pay attetion if the price after the retest in the resistance will not go directly to the next suport zone, but is gonna restest at a fib level.
CADCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect price to continue the retracement to take buy stop liquidity and then to reject from bearish order block + institutional big figure 0.69000.
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WAIT FOR A RETRACEMENTWith a Monthly and Weekly bearish trend, the ideal is to go bearish on the lower time frame. And on the 4H there is a supply area the coincides with the 78.6 Fib. With the 3 time frame in sync, if price can come to that area then for me it is a good short position
This is not a financial advice, and make sure to calculate your risk before taking any trade