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Cadchflong

CADCHF Trading Plan - 18/Jun/2024Hello Traders, Hope you all are doing good!! I expect CADCHF to react from the highlighted zone. Currently CADCHF is in bigger correction & I am still seeing the potential bigger move towards upside. Plan to Trade: If market starts to correct from current levels upside, then short term sells are possible. Look for your BUY entry setups as per the above expectations. Your follow and like will be a token of appreciation. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
2
CAD/CHF: Bullish Reversal Expected at Key Support levelThe CAD/CHF currency pair is currently forming a Bullish Crab Harmonic Pattern (XABCD). Point D, identified as the Potential Reversal Zone (PRZ), aligns with multiple technical confluences, suggesting a high probability for a bullish trend reversal. ______________________Key Technical Confluences____________________ Potential Reversal Zone (PRZ): Point D, our PRZ, is critical for anticipating a trend reversal. It coincides with: Key Support Area: This area has historically acted as a strong support level, providing a firm foundation for a potential bullish reversal. Daily Trend Line: The PRZ intersects with a long-term daily trend line, reinforcing the likelihood of a reversal. 61.8% Fibonacci Level: The PRZ also aligns with the 61.8% Fibonacci retracement level, a significant indicator of potential price reversal in harmonic patterns. Entry Strategy: To capitalize on the anticipated bullish trend reversal, we recommend taking a position at the breakout of the resistance level near 0.65370. This level is crucial as a successful breakout here confirms the reversal pattern. Stop Loss: Place the stop loss slightly above the support level at 0.65590 for risk management. This placement ensures protection against false breakouts and market volatility. Take Profit Targets: We have outlined three profit levels to maximize returns while managing risk effectively: TP-1: 0.65150 TP-2: 0.64930 TP-3: 0.64710 Each take-profit level offers a strategic point to secure profits as the market progresses in our anticipated direction. Conclusion: The convergence of technical factors at Point D strongly indicates a potential bullish reversal for CAD/CHF. By aligning our entry, stop loss, and take profit levels with these confluences, we enhance our trading strategy's robustness and probability of success. Trade with caution and ensure adherence to your risk management protocols.
Long
by trading_jupiter
2
7 Dimension analysis CADCHF😇 7 Dimension Analysis Time Frame: H1 1️⃣ Swing Structure: Initially bullish with proper Breakout of Structure (BoS), now showing a corrective move after inducement, possibly heading towards extreme swing area of correction 🟢 Internal Structure: Bearish 🟢 Ext POI: Unmitigated 🟢 Support & Discounted: Same area, drawing a Trendline break upside for additional confirmation 🟢 CHART PATTERNS: Double top reversal formed 🟢 CANDLE PATTERNS: Inverted Hammer with long wick, strict engulfing, fakeouts observed 🟢 Volume: High buy volume at POI area, good volume on breakout but none on fakeout 🟢 Momentum RSI: Bullish zone, momentum shifted from bullish to sideways, bearish divergence at the top, with loud moves and overbought rejections observed 🟢 Volatility Bollinger Bands: Contraction started, squeeze breakout expected in lower side, walking on the band anticipated with headfake, W patterns, and band puncher observed 🟢 Strength According to ROC: CAD stronger than CHF 🟢 Sentiment: Fully bullish ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ☑️ Candles Behavior: To be observed once price reaches the level ☑️ FIB Trigger event: To be updated once occurred ☑️ Trend line breakout: To be updated when necessary 💡 Decision: Buy 🚀 Entry: 0.6658 ✋ Stop loss: 0.6646 🎯 Take profit: 0.6699 😊 Risk to reward Ratio: 3.5 🕛 Expected Duration: 5 days 📚 SUMMARY: The analysis indicates a bullish sentiment with various patterns and candlestick formations suggesting a potential buying opportunity. High volume at the POI area adds to the bullish bias, with attention drawn to key events like FIB trigger and trend line breakout for updates. Traders are advised to monitor candle behavior upon reaching the specified level and consider a buy position with a favorable risk-to-reward ratio of 3.5 over an expected duration of 5 days.
Long
by Optimum369
CADCHF in CHADCHF Bullmode!I would like to quote a wise (and profitable) trader at this point: "Trading is a simple game. What makes it so complicated is the presence of the SNB." Put simply: I'm buying the CAD against CHF for a long-term swing trade. The reasons for this are short and sweet: - As predicted back in February, Swiss inflation fell below 2% in July. - As predicted, Swiss inflation fell much faster than the SNB had expected (currently at 1.4%) - As predicted, the SNB raised interest rates for the last time in June and paused in September - Tomorrow the SNB will not raise rates, but the market will start to price in possible SNB rate cuts for 2024 - My forecast: 1st rate cut by the SNB in 2024 will be in March or June - As predicted in this trade idea, the Swiss economy is increasingly weakening and flirting very aggressively with a possible recession, which would seal 2-3 possible rate cuts in 2024 And no, this text was not written by CHADGPT (an AI would now say ;)
Long
by PrimeTrading
CAD/CHF - Bullish Reversal Potential following Anti-ButterflyIntroduction: CAD/CHF has recently formed an Anti-Butterfly XABCD harmonic pattern, indicating a potential bullish reversal. This technical analysis aims to provide insights into potential entry and exit points for traders interested in capitalizing on this pattern. Pattern Formation: The Anti-Butterfly XABCD pattern on CAD/CHF suggests a reversal in the prevailing downtrend. This pattern typically consists of four distinct price swings, labeled X, A, B, and C, followed by a potential reversal at point D. Key Levels and Entry Points: Based on the identified pattern, traders may consider entering the market near 0.66560. This level aligns with the anticipated bullish move from point D of the harmonic pattern. However, prudent risk management dictates placing a Stop Loss near 0.66156 to mitigate potential downside risk. Profit Targets: Traders can set multiple profit targets to capitalize on the expected bullish momentum. The first profit target (TP-1) is set at 0.66950, aiming to capture the initial upward momentum. Subsequent profit targets include TP-2 at 0.67340 and TP-3 at 0.67735, reflecting further potential upside potential as the bullish move unfolds. Risk Management: It's essential for traders to adhere to proper risk management principles, including setting appropriate stop-loss levels and position sizing based on individual risk tolerance and trading objectives. Conclusion: In summary, the formation of the Anti-Butterfly XABCD harmonic pattern on CAD/CHF suggests a bullish reversal scenario. Traders may consider entering the market near 0.66560, with a stop loss at 0.66156, and targeting profit levels at 0.66950, 0.67340, and 0.67735. However, as with any trading strategy, prudent risk management is crucial to navigating market fluctuations effectively.
Long
by trading_jupiter
1
CAD/CHF H4 | Falling to 50.0% pullback supportCAD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.66845 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.66757 which is a level that aligns with the 61.8% Fibonacci retracement level. Take profit 1 is at 0.66934 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.01 Take profit 2 is at 0.67044 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.26 Total risk 1.2% High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Long
by Alvard
CADCHF Technical Analysis and Trade IdeaThe CAD/CHF currency pair has demonstrated a bullish trend across both the weekly and daily timeframes, with a clear break of market structure indicating upward momentum. Presently, the price is consolidating within a range, prompting us to anticipate a break, retest, and subsequent failure of the current range high as a potential entry point for long positions. The use of a buy stop order is being considered. Our video analysis delves into the intricacies of the trend, market structure, and price action, identifying optimal levels for the placement of stop-loss and profit targets. It is crucial to emphasize that the information provided serves purely educational purposes and should not be misconstrued as financial advice.
Long
by fxtraderanthony
2
CADCHF LongCADCHF is seeing the Daily and Weekly chart respecting discount bullish fair value gaps. As price has rebalanced the BISI's and is rejecting from them, I anticipate to now trade up to external range liquidity (old swing high's on Weekly/Daily Chart). I want to see H1 discount levels be respected and H1 premium levels disrespected to look for m5/m15 bullish displacement entry. As of right now, h1 is pulling back and I am waiting for the respect/disrespect to shift in the direction of this trade idea.
Long
by Tradius_Trades
Yemi_Fx1 | Long Setup on CAD/CHFThe recent price pattern based on the 4HTF, is a bullish continuation pattern (Flag). Price has been moving sideways in a corrective nature, what this shows us is that price is about to begin an impulsive move to the upside. If we see a test of the lower dynamic trendline of the pattern at the area of value.Then we prepare to be tagged in. I will be waiting for an entry signal on 1HTF. if you found this helpful please support your fellow trader with a like
Long
by Yemi_Fx1
CADCHF: Thoughts and AnalysisToday's focus: CADCHF Pattern – Continuation Support – .6502 Resistance – .6540 - .6549 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the CADCHF on the daily chart. Today, we have broken down what looks like a continuation pattern playing out. Looking at price, we can see a retracement that came to a stall point, setting up support in the moving averages that then formed a reversal bar. Today's buying could set a confirmation bar if we see yesterday's high beaten. We have run over entry ideas and warning signs if sellers break certain levels. If buying continues, we want to see resistance beaten and possibly a test of .6590 on a new trend extension higher. Good trading.
Long
by Eightcap
Major Correction Looms for Key CHF Pairs, Big Moves Ahead?I've been keeping an eye on this pair for some time now, especially since it broke down and stayed below the long-term range set after the 2015 crash. We're now nearing an important point - the 2015 depeg low, which might vary based on your broker. In my experience, Forex.com offers more reliable data, showing a depeg low just under 0.61. It's pretty interesting to see that all the CHF pairs are shaping up similarly, forming bottoming patterns as they get closer to their respective depeg lows. Even CHFJPY is hitting a significant point at 170. With everything that's been happening globally, CHF has been a go-to safe haven in recent years. But looking at these pairs, I'm thinking there's a big correction coming soon, with a lot of CHF selling across the board. Here's my plan for capitalizing on this with this particular pair, as I'm expecting another dip towards the depeg low. On the daily charts, you can see the price slowly edging down, with a notable drop at the end of last month. This happened during the holiday season, when markets can be a bit erratic, showing spikes due to volatility. (check out the image below) If you zoom in on the weekly chart, there's a clear falling wedge pattern forming as the market grinds down. Each new low seems to attract buyers, hinting at a potential shift and weariness in selling. My strategy for this pair is straightforward. I'll be watching my TRFX indicator on the daily charts from now on, building a big position every time the indicator gives me a signal at or below the current price. My first target is the 0.68 resistance, the previous bottom of the long-term range. I'm expecting a bit of a reaction there, then a push back up into the range, aiming for the top at 0.74. To confirm this final target, we'd need a strong weekly or monthly close above 0.68. Given that all these pairs, including the CHF futures chart (image below), are showing similar patterns at key resistance points (depeg high), this could turn out to be one of the best trades of the year. But it's crucial to wait for the right entry signals. I'll keep you posted as these positions develop. Hope you found this interesting!
Long
by TheFxAce
12