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Cadchfsell

CADCHF Trading Plan - 07/Feb/2024Hello Traders, Hope you all are doing good!! I expect CADCHF to go Down from these levels. Potential B wave of bigger correction is almost completed. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. 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.
Short
by For3xScalper
1
7 Dimension Analysis For CADCHF🕛 TOPDOWN - Bearish Continuation Setup for CAD/CHF Overview: The monthly and weekly analyses signal a bearish trend, validated by a series of bearish breakouts and consolidations. The focus is now on the daily timeframe for a detailed perspective. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish - 68% probability of further downward movement. 🟢 Structure Behavior: Break of Structure (BoS). 🟢 Swing Move: Impulsive. 🟢 Inducement: Breakout with liquidity sweep indicating continued bearish momentum. 🟢 Pull Back 1st: Awaiting confirmation, position holding is crucial. 🟢 Internal Structure: Bearish. 🟢 Ext OB: Unmitigated. 🟢 Support Breakout CIP: Acts as resistance. 🟢 Post-Breakout Quality: Clearly favors bears, evident in small consolidation with bearish candle size and multiple wicks. 🟢 Traps: Shakeout observed, indicating bearish sentiment. 🟢 Time Frame Confluence: Daily. 2️⃣ Pattern 🟢 CHART PATTERNS Reversal: Head and shoulders, double top. Continuation: Bearish flag with a 38% tilt, shakeout continuation with flag consolidation. Consolidation Rectangle: Small consolidation with shakeout liquidity. 🟢 CANDLE PATTERNS Key Considerations: Record session count with multiple dojis signals change in guard. Long wick bearish closing indicates rejection from multiple wicks and doji area. Momentum signals include strict engulfing. 3️⃣ Volume: 🟢 High volume on the breakout confirms its validity. 4️⃣ Momentum RSI: 🟢 Momentum is in a super bearish zone. 🟢 Range shift is evident with proper bearish indications. 🟢 Divergence: Hidden bearish divergence observed at the start of the move. 🟢 Loud moves: Momentum shifted from sideways to bearish with a loud move. 🟢 Grandfather-father-son entries indicate a strong bearish setup. 5️⃣ Volatility Bollinger Bands: 🟢 Middle band rejection at the middle band. 🟢 Squeeze starting indicates potential consolidation for volatility compression, followed by a wild bearish move. 6️⃣ Strength According to ROC: 🟢 ROC values: CAD 0.37 vs CHF 1.31, indicating CHF is much stronger. 7️⃣ Sentiment: All market parameters and top-down analysis indicate that CAD is under substantial pressure against CHF. The sentiment suggests looking for sell opportunities. ✔️ Entry Time Frame: Daily ✅ Entry TF Structure: Bearish ☑️ Current Move: Impulsive ✔ Support/Resistance Base: Bearish post buildup. ☑️ Candles Behavior: Bearish long wicks, bearish momentum. 💡 Decision: Sell at open. 🚀 Entry: 0.6443 ✋ Stop Loss: 0.6505 🎯 Take Profit: 0.6118 2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:4.5 🕛 Expected Duration: 30 days SUMMARY: The analysis strongly supports a bearish continuation setup, aligning with the monthly and weekly bearish trends. Key indicators such as candle patterns, volume considerations, and momentum signals reinforce the sell decision. The strategy involves clear risk management and exit criteria.
Short
by Optimum369
4
CAD/CHF Weekly Analysis - Will We Continue to the Downside?CAD/CHF is showing no signs of a reversal on the Weekly chart. We currently have a descending triangle in a bear trend, signaling a continuation to the downside. Until we see a bull signal bar with a confirmation bar closing on or near its high, we should remain short. I would wait for a minor pullback at least to the Weekly 9EMA to short again, depending on how the price action plays out. Key Points: 1. CAD/CHF is in a bear trend 2. Descending Triangle signals a continuation to the downside 3. RSI has room to fall 4. Until we see a bull signal with confirmation, remain short As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful. Trade wisely and let us know what you think in the comment section below!
Short
by TraderEngineering
CADCHF Technical Analysis and Trade IdeaIn this detailed video analysis, we thoroughly examine CADCHF dynamics. We can see that CADCHF has been under significant downward pressure lately, causing it to move towards an important support level. The chart clearly shows a long price drop, suggesting a potential rebound. Our discussion covers essential aspects of technical analysis, including looking at current trends, closely studying price movements, assessing market structure, and exploring other key elements of technical analysis. Throughout the video, we explain these concepts in a straightforward manner to ensure our viewers have a comprehensive and enlightening learning experience. It's important to note that this video is meant for educational purposes only. Please don't consider it as financial advice. Remember that trading comes with inherent risks, so always prioritize responsible risk management in your trading activities.
Short
by fxtraderanthony
CADCHF LONG TERM SELLING TRADEHello Traders In This Chart CADCHF HOURLY Forex Forecast By FOREX PLANET today CADCHF analysis 👆 🟢This Chart includes_ (CADCHF market update) 🟢What is The Next Opportunity on CADCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
CADCHF - Short from daily order block ✅Hello traders! ‼️ This is my perspective on CADCHF. Technical analysis: Here we are in a bearish market structure from weekly perspective, so I am looking for short. I want price to continue to go a little bit higher to fill the imbalance and to take buy side liquidity and then to reject from daily bearish order block + institutional big figure 0.69000. Fundamental analysis: On Friday will be released monthly GDP in Canada, if the result is negative, it will support our analysis. Like, comment and subscribe to be in touch with my content
Short
by Snick3rSD
CADCHF current resistance closely watchedCADCHF has been consistently in a downtrend since January 2023. As of now, the price has reached its downtrend resistance level for the fourth time. The crucial question is whether it will once again respect this trendline resistance and proceed downward, if fails to overcome this resistance, it might continue to face selling pressure, possibly targeting levels around 0.6620 and 0.6480 to maintain its downward trajectory. However, there's also the possibility that CADCHF could break out from this persistent downtrend resistance. If this scenario unfolds, it might surge upwards, potentially reaching levels around 0.6810 and even 0.6930. This breakout would signify a significant shift in the currency pair's trend direction. Traders and investors will closely monitor these key levels to gauge the future direction of CADCHF.
by FKW-Millions
CADCHF traders look for Buy Opportunities {21/08/2023}Educational Analysis says CADCHF may go long according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why Short? Because CADCHF price is at that place level where got demand thrice by traders. Although this pair has proved that, It's Changing its character and Also traders now looking for an uptrend from this level, and eventually will prove that the Market structure shift and eventually led to a Break of Structure. Analytical Trade would probably be Buy order at 0.65011 Stop loss at 0.64854 Take profit at 0.67815 I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Long
by VishalBudhrani
2
20 Reasons For Sell CADCHF🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The market has been experiencing a strong bearish trend for many years. A Breakout-Sell (BOS) occurred 10 years ago with heavy volume. Last year, a liquidity sweep candle was formed after the breakout, indicating a further downside move. Back-to-back strong bearish candles suggest that bears are still in control of the market. 2:📆Monthly: A clear bearish structure is present, and a fakeout-type structure has formed. However, the low is not confirmed until the induction phase is complete. The closure of this candle will determine whether it is a small corrective pullback or a confirmation of the bearish trend. No notable reversal signals have appeared yet, but bears remain in power as they tapped into the extreme order block during the pullback. The overall view favors short entries. 3:📅Weekly: The structure is clearly bearish, and the low is confirmed and valid. The induction phase is also complete. If the price reaches the upcoming order block or provides a strong reversal signal based on the timeframe, a sell entry can be opened. However, it is recommended to wait for the weekly closing before making a decision. 4:🕛Daily: A strong supply area is approaching, as the price has touched this level four times before. Both a breakout or a rejection can be important at this level, but a sell entry is recommended while waiting for a sell signal. Additionally, a trendline resistance is present, and the last closing candle formed a doji at the perfect time and location. The price action tomorrow will provide further clarity. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bearish 6: 2 Pattern Candle Chart: Doji and double top pattern 7: 3 Volume: No significant volume during the upside move but last leg only unable to breakout profit booking volume, indicating that volume will play an important role in the upcoming price action. 8: 4 Momentum UNCONVENTIONAL Rsi: A very powerful bearish divergence is present. After being in an overbought state, the price is struggling to stay above 60, but bears remain strong. 9: 5 Volatility measure Bollinger bands: A "M" pattern is forming, but the current leg has high volumes without breaking the previous high, indicating significant profit booking with large quantities. 10: 6 Strength ADX: Bulls are weaker at this level and appear to be resting, while bears are ready to take control again. 11: 7 Sentiment ROC: CAD is weaker than CHF. ✔️ Entry Time Frame: Daily 12: Entry TF Structure: Bearish 13: Entry Move: Impulsive 14: Support Resistance Base: Extreme order block or resistance level 15: FIB: Trigger event at an important area, including a trendline break. ☑️ Final comments: Clear sell signal 16: 💡Decision: Ready to sell after the previous candle's low is broken 17: 🚀Entry: 0.06670 18: ✋Stop Loss: 0.6864 19: 🎯Take Profit: 0.6404 20: 😊Risk to Reward Ratio: 1:4 🕛 Expected Duration: 30 days
Short
by Optimum369
4