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Cadchflong

CADCHF long (+200 pips) may be available.. week of 11 Jan.The area between 0.6800 and 0.6865 has been a solid support for this pair since April 2020. The 200DMA has been long known to provide a bias and price has moved above it now. Note also the slope of this line has changed from downward sloping to flat, giving me a neutral/long bias as per my daily chart. Let us look at the H4 view. Note that price has been moving in a channel since Nov. Of recent it has moved away from the bottom of the channel and actually broke out to the up side. It has retested that breakout on Fri and looks ready for a bullish move now. The swing high at 0.7166 looks like a logical target. If you like my analysis please give it a “thumbs up” and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.
Long
by Trading_Vista
CADCHF: LONG Idea on this PULLBACKHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! TECHNICAL ANALYSIS: Since November, the price started following a clear descending channel, bouncing many times on the dynamic S/R level of this pattern. At the end of December, the price wasn't able to reach again the dynamic support of the descending channel, in fact as we can see in this chart, the price got a rejection on the support zone at about 0.68874 Since that moment, the price started a short period of side trend, concluded at the beginning of January. The price then, broke the resistance zone and the dynamic resistance trendline. The price is actually retesting the S/R level and the next price action around this level will be helpful to understand and confirm our prediction. CONCLUSION: I think the price will get a nice pullback on that support zone, in a Daily and Weekly perspective the price is following an uptrend and there is not sign of weakness right now. IF THE PRICE will clearly bounce on the support zone, we could start looking for a great LONG position. Stay tuned for updates! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly Gianni
Long
by FXtrades-gp
6
CADCHF Invalidates 0.6979 ResistanceSignposts on chart outline key details. We're seeing an upper resistance invalidate. When price crossed back below, selling pressure remained weak. This will hopefully trap a bunch of sellers before pushing higher. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
Long
by FinancialGamblR
CADCHF (H4): LONG Opportunity on this PULLBACK!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! This market is giving us a great opportunity! I suggest you to have a quick look on the CADCHF Daily Chart to understand with a different perspective the reasons of this market's movement. You could check it out clicking the link here below: Let's focus on the area that interests us: As we can see, since many days ago the price has been following a strong descending channel, bouncing many times on the dynamic S/R level of this channel. The price just broke the channel and it's probably going to get a short correction. ONLY IF THE PRICE will bounce on the support level, confirming the end of the descending channel and the beginning of a new trend, then you might consider the following trade details: ENTRY POINT: 0.69766 TAKE PROFIT: 0.70456 STOP LOSS: 0.69390 RISK/REWARD RATIO: 1.70 Stay tuned for updates! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly Gianni
Long
by FXtrades-gp
4
CADCHF (Daily): LONG OPPORTUNITY on the ASCENDING CHANNEL!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Since August 2020, the price has been following a clear uptrend, bouncing many times on the channel's dynamic support. The price just reached the dynamic trendline resistance and the price action around this zone will be helpful to understand the next market's movement. IF THE PRICE WILL BREAK the dynamic resistance, you might consider the following trade details on the pullback: (This is a daily chart trade and you could get many days before getting the suggested target). ENTRY POINT: 0.69262 TAKE PROFIT: 0.70878 STOP LOSS: 0.68543 RISK/REWARD RATIO: 2.25 Stay tuned for updates! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly Gianni
Long
by FXtrades-gp
6
CADCHF Market Commentary | 1st Jan 2021 First of all I would like to wish to every one who reads this a good year with lots of success and happiness. Now let's get in our topic. CADCHF has not really recovered from the covid market crash, which indicates a slow but steady - yet predictable - direction. We are watching price moving in an ascending channel since the start of August. So for the time being we expect the same direction. With the help of Wave theory, a clean double combo is apparent enough. By using the wave principles and analyzing lower degrees of the movement (see charts below), a sharp bullish move is our best bet.
Long
by GeorgeZii
CADCHF - Bullish BiasCAD - BULLISH 1️⃣ Boosted by higher oil prices, a weaker dollar and a brighter economic outlook as Canada begins its COVID-19 vaccination campaign. 2️⃣ The Bank of Canada left interest rates at a record low and kept asset purchases steady at $4 billion a week while reinforcing its commitment to provide the monetary policy stimulus needed to support the economic recovery. CHF - BEARISH 1️⃣ The SNB held interest rates unchanged at a record low during its December meeting and pledged to intervene more strongly in the foreign exchange market to stop the rise of the highly valued franc. 2️⃣ Improved in risk sentiment weighing on the CHF. ===== Technical ===== We are buying the CADCHF above the support of 0.69500 + above the SMA 50 on the H1 chart.
Long
by MonsunAsia
2
CADCHF is facing bullish pressure, potential for a further rise!Price continues to trend above the ascending trendline and is approaching our first support at 0.69578, in line with our 61.8% Fibonacci extension, 76.4% Fibonacci retracement, and horizontal swing low support. It could potentially bounce from here and rise further to our first resistance at 0.69852, in line with our 78.6% Fibonacci extension and horizontal swing high resistance. It is also worth noting that the Ichimoku cloud is also showing bullish pressure in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
CADCHF, 4hr tf, bullish flag pattern to materializeHello my friends, I wanna share one of the trade i took today when i was away. I spotted a good setup on CADCHF as there is a bullish flag pattern breakout. What make me confidence to take this trade is that the resistance of bullish flag pattern was align with descending trendline which means price push through this confluences of lines with a big power. This is a proof that buyers now in control of CADCHF and we could see price continue to rise. I took this trade when it retrace to test 0.6950 and now in floatng profit. I think it is not to late to enter so feel free to enter with your own risk management. The nearest resistance is 0.7000 so we will take partial profit when price hit this value. Buy CADCHF 0.6950 Stop loss 0.6920 Take profit 0.7040 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck Disclaimer : I bought CADCHF from 0.6950
Long
by HayatoDragonFX
3