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CAD/CHF 4H👋 Hello and welcome traders ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 💡 Why should you follow our profile on TradingView? 1- Consistent chart updates 2- Clean charts 3- Short and long-term perspectives 4- Visually teaches you valuable lessons 5- High probability setups 6- Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research. Thank you for reading, Cheers to many pips! 🤝
by med-aaris
1
CADCHF: Triangle patternThe Darkest hour is that before the down, the great hope and light which always draws you towards itself. In Elliott wave analysis, these sparkling lights are the patterns, and when we encounter a pattern, we can build the whole path. What we have learned in Elliott's rules is the importance of the patterns, the most valued of these patterns are Diagonal and Triangle, which we can determine the direction of the movement according to their position. In the case of this currency, a Triangular pattern is being formed and we know that this pattern can be formed in wave B or 4. For this reason, and considering the history of the chart, we can consider this wave as the 4th wave, which will start the uptrend in wave 5 after the downtrend.
by NirmataFX
3
CADCHF, daily tf, descending channel short opportunityHello my friends, I hope you all enjoy your weekend. I will share my trading plan for next week and i hope it gonna be useful to everyone. The last few days CAD was so weak that i think it could fuel furher weakness. All the major pairs was strenghtening against USD but only CAD going into other direction. My first plan for next week is CADCHF pairs. As you can see we're currently inside a descending channel. As long as price inside this channel, taking sell/short positons are more favorable. Only a solid close above this channel can change our bias from sell to buy. Notice that the Friday candle validate a solid close below the inside bar pattern of previous 2 candles. We might see a continuation to the downside in the coming week I am not going to enter right away but i will wait for a retracement towards 0.6935 to enter my sell. Sell limit CADCHF 0.6935 Stop loss 0.6975 Take profit 0.6855 (2R) RR Ratio 1 : 2 Use 1-2% risk only Take partial profit once we got +40pips profit and set SL to entry. Good luck
Short
by HayatoDragonFX
1
CADCHF, 4hr tf, buy elliott wave 5th waveHello my friends, Another setup for today is CADCHF pairs. As you can see price currently moving to the upside and retracing lower a little bit. We could try assuming this movement as an Elliott Wave movement and price just finished wave-3. This downward movement is wave-4. To have the best trade setup it is better to buy around 0.6950-6948 which will yield 3.5R - 4R trade setup depending on the price you get this pair. Protective stop loss will be slightly below wave-1 area. I am setting buy limit for this because it might hit our order while i was away and that 0.6948 might only appear for a short time so we don't want to miss it. The reason why i think it will only appear for a short time because there is a horizontal support level at 0.6950-6948. Buy limit CADCHF 0.6948 Stop loss 0.6935 Take profit 0.7000 (4R) RR Ratio 1 : 4 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
4
CADCHF uptrend setupprice direction: UPTREND potential target price 1: 0.6999 potential target price 2: 0.7017 **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1