Cadchfidea
CADCHF SHORT SELL CADCHF (@ 0.7176)
Take profit 1 at 0.7144
Take profit 2 at 0.7114
Take profit 3 at 0.7064
Stop loss at 0.724
Cadchf ProjectionsSo, the structural change from the canadian dollar and czech currency have been looking bullish lately.
Here's my projction!
CADCHF LongI am going to look for reasons to get long at this area. Reasons - 50% fib, Key support level, order block.
CADJPY Trade Ideas Trade Plan One
1) Short from current price i.e. 88.98
2) Stop Loss: 89.30
3) Take Profit 1: 88.75
4) Take Profit 2: 88.5
5) Take Profit 3: 88.2
Trade Plan Two
1) Long when candle closes above 89.4
2) Stop Loss: 89.2
3) Take Profit : 89.7
CADCHF (15m) May Pump to 0.73777It's not late to jump in and ride the short term wave for 60+pips.
Strategy: Shift in Direction
There is BOS and Correction to 78.6% fibo level of the swing that caused the break. I expect price to grow to my target 2, but first, i have to cover the cost by taking profit in-between.
LET ME KNOW HWAT YOU THINK (LIKE, COMMENT AND FOLLOW ME PLEASE)
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'.
CAD/CHF:DOWNTREND|PRICE CONTINUE TO FALLING DOWN..⚡️Welcome back Traders, Investors, and Community!
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CADCHF Long AnalysisHey traders, here is the analysis for the CADCHF. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
CADCHFBullish Indicators:
1) Support zone at 0.73294
Bearish Indicators:
1) Resistance zone at 0.74278
2) Downward trend
Plan A: One can take short position on the rejection from the resistance zone of 0.74278 for the target of 0.73745 and 0.73387
Plan B: On contrary if pair break the resistance zone with a good bullish candle one can take long position for the target of 0.74944
CAD/CHF: REVERSAL HARMONIC PATTERN | SHORT SETUP READY....Welcome back Traders, Investors, and Community!
Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
CADCHF SHORT ANALYSISThe price is currently in a descending triangle and we can observe it inability to break above it last high, we are expecting price to break below and retest the trendline and structure. Like this if you find it helpful. Thanks
CADCHF Sell Ideathis pair formed a valid trendline with 3 touches on H4 timeframe
now we're waiting for a momentum candle to close under the 3rd touch of the trendline so we can enter a sell position
Good luck
CADCHF; bearish and bullish scenarios explainedCADCHF reached a daily dynamic support and resistance zone and from that area, we can spot the price trading in a triangle.
From this structure, this is what I expect.
1. Once the price breaks down the highlighted triangle, it will be a great opportunity to sell the market
2. Once the price break to the upside due to bullish accumulation, then I will buy the market from there to the next daily resistance.
CADCHFThe pair is expected to give a little upside towards 0.74400 from where downside is expected. The confluences of Bearish Trendline, Resistance and completion of AB=CD seem to line up very well and we are expecting this to play out soon. Let us know what you think in the comments below.
CADCHF Short Term selling oppotunity, 1:15RRCADCHF Short Term selling oppotunity, 1:15RR. Wait for a retracment to enter on M5, target EQL on M30
CADCHF Weekly Forex Analysis & Trading Idea for 4-8 October 2021CADCHF Weekly Forex Analysis & Trading Idea for 4-8 October 2021
