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Cadchfsetup

LONG REVERSAL IN CADCHF | SWING TRADECADCHF is trading at all time lows area. Checking out the price action, the price is trading in a DAILY FALLING WEDGE PATTERN which is a BULLISH reversal pattern. Once daily closes above the falling wedge, a LONG can be initiated on 1. Breakout of falling wedge, 2. Retest of falling wedge as support after the breakout There is also BULLISH RSI DIVERGENCE, which shows downtrend is getting weak and trend may reverse soon. This is a SWING TRADE. But if daily closes back inside the falling wedge after the breakout, that would result in fake breakout/bulltrap and the idea will be invalidated. Let me know in the comments section if you want me to analyse any other financial instrument. WARNING:- ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
Long
by rohitkukreja
Watch the magic - again...!watch the upwards move of the CHADCHF pair. why I like this trade: CAD perspective: - CAD employment report with a BLOWOUT number (again!) with +150k jobs created (most of them fulltime)! - BOC on hold but another job report like this and they will feel pressure for more rate hikes - inflation falling in canada but core remains sticky (so far) - migration is booming creating growth for GDP and housing - housing so far steady (but a clear risk for sure) - oil with upwards potential CHF perspective: - Swiss inflation is falling (although the CPI number today will beat the market expectations of 2.9% YY) - SNB will hike 1 or max 2 times this year and then close their hiking cycle as inflation will get back to their target in H2 2023 - SNB have become sligthly more tolerant for CHF depreciation as shown in their FX sales numbers - Trendfollowing Algos are heavily short CADCHF, they need to be squezzed out like a lemon
Long
by PrimeTrading
20 reason for Sell CADCHF🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑 1 🧐Eagle eye: Canadian Doller always the weakest Currency Against CHF According to available Data, so Most Of the time, it Was bearish .for now, The impulse move is also intact, so the big picture is bearish 2 👌Monthly: the trend is established as bearish, and this time, an impulsive action is in full power by formatting higher low 3 👌Weekly: A solid and clear downtrend with a sudden leg near the target 4 👌Daily After a contra correction, Impulsive Move is about to start 😇7 Dimension analysis 🟢 analysis time frame: Daily D1 5: 1 Price Structure: Bearish 6: 2 Pattern Candle Chart: Keyreversal after a slight correction 7: 3 Volume: Not an ideal, but it is near the target 8: 4 Momentum UNCONVENTIONAL Rsi: in a super bearish zone below 40 levels after a resistance as a range shift after a long bearish to sideways phase 9: 5 Volatility measure Bollinger bands: in bearish range forming w pattern middle impulse leg 10: 6 Strength ADX: strengthen as bear DMi and also mainline in favor of bear 11: 7 Sentiment ROC: Not so much difference, but we know Chf is always Stronger Then CAD ✔️ Entry Time Frame: H4 12: 1 Entry TF Structure: Bearish 13: 2 entry move: Impulse 14: 3 Support resistance base: resistance at the H4 Supply zone 15: 4 FIB: trigger event Done ☑️ final comments: Sell at Opening 16: 1 decision: Sell 17: 2 Entry: 0.7059 18: 3 Stop losel: 0.7102 19: 4 Take profit: 0.6922 20:5 Risk to reward Ratio:1:5 🕛 Excepted Duration: 10 days
Short
by Optimum369
1