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7 Dimension Bullish Setup For CADCHFTitle: Exploring Bullish Opportunities through Comprehensive Analysis 🕛 TOPDOWN Analysis - Position and Swing Entry 😇 7 Dimension Analysis - Reversal Entry Time Frame: Hourly 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: The Choch formation indicates that the deep correction move is almost concluded. 🟢 Swing Move: An internally impulsive move is initiating, supported by proper inducement and a completed choch. 🟢 Inducement: Successfully executed. 🟢 Pullback: The first pullback is complete, and a move above is anticipated. Extremal Order Block has been mitigated, validating a low. Time Frame Confluence: Strong areas across Daily, Weekly, Monthly, and Yearly. 🟢 Internal Structure: Bullish choch is confirmed, indicating readiness for a buy setup. 🟢 Trendline Breakout: Initial signal for entry or exit. Hourly trendline has been broken, and resistance breakout is in progress. 🟢 Chart Patterns: Reversal A Head and Shoulders pattern has formed, with the neckline broken and retested. A Bullish Flag has evolved, characterized by a "volume pole," low volume body, volume breakout, 5 to 7 bars, tilt, BO enter, and 38% correction (volatile bear flag is strong). An Ascending Triangle has also broken out on the bullish side. 🟢 Candle Patterns: 👍 Relevance at Bottom: Strong demand area. 👍 Climax Players: Notable appearance at the right bottom, accompanied by a surge in volume, signaling a strong bullish reversal. 👍 Transformation: Color, size, and frequency shift from bearish to bullish candles. Long Wick: Lower side wick indicates active bulls. Doji: Less significant due to the young trend. Momentum: Strict bearish engulfing without follow-up indicates an absence of sellers. Inside Bar: Narrow Range 7 signifies a bullish breakout. Blended Combo: 2/3 candle setup suggests a robust bullish configuration. 3️⃣ Volume: Significant volumes observed before the move ends, particularly noteworthy at the demand area where the price reversed. No volume during internal correction, followed by a surge in volume during the impulsive bull move. Healthy volume dynamics during the entire cycle. 4️⃣ Momentum RSI: 🟢 Zone: Bullish Sideways. 🟢 Range Shift: Transition from Bearish to Sideways. 🟢 Divergence: Regular 5-candle divergence at the bottom before the move signals momentum strength. 🟢 Momentum Shift: Loud move signals a shift in momentum, indicating reduced bearish sentiment. 🟢 Oversold Rejection: Previous low rejection strengthens the entry signal. 5️⃣ Volatility Bollinger Bands: 🟢 Middle Band: Serves as confirmation. 🟢 Squeeze: Indicates impending volatility. 🟢 Squeeze Breakout, Outside Upper Band: Expected and could offer an additional entry opportunity. 🟢 Walking on the Band: Awaiting confirmation. 🟢 W Pattern: Completed, with body area as a short-term target. 🟢 Dual Band Derivation: Supported. 6️⃣ Strength ADX: Bulls are asserting control and gaining strength at this juncture. 7️⃣ Sentiment ROC: Rate of Change isn't in favor, but other factors support bullish potential. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Internal Bullish. ☑️ Current Move: Impulsive Swing and Internal, both portraying bullish trends. ✔ Support Resistance Base: Middle band and CIP (Change in Polarity). ☑️ Candles Behavior: Inside bars, bullish momentum. ☑️ Trendline Breakout: Confirmed. ☑️ Final Comments: Consider entering right now. 💡 Decision: Buy 🚀 Entry: Approximately 0.6541 ✋ Initial Stop Loss: Placed at 0.6472 🎯 Take Profit: Initial target at 0.6833, with additional targets at 0.7066 and 0.7272. Secondary exits based on changes in internal structure, trendline breakout, and potential FOMO action. 😊 Risk to Reward Ratio: 1:10 🕛 Expected Duration: 90 days SUMMARY: This comprehensive analysis delves into potential bullish opportunities based on a reversal entry approach. The swing structure, accompanied by choch and inducement, suggests a bullish bias. Chart patterns, candlestick formations, volume dynamics, momentum indicators, and Bollinger Bands are all considered. Key entry points, stop-loss strategy, take-profit levels, and expected duration are defined. This trade proposition showcases a substantial risk-to-reward ratio of 1:10.
Long
by Optimum369
1
CADCHF ____ INCOMING BEARISH MOVEHello Traders, Let's review CADCHF together... On the monthly timeframe, price should continue the bearish move... also the last month's candle represents a bearish continuation candlestick. On the weekly timeframe, you will notice the massive dump in price and how the price started retracing then printed a bearish continuation candle. Most times, when price dumps with speed, it hardly retraces higher... it makes a little retracement and continues the bearish move. This little retracement formed relatively equal lows (sell-side liquidity) which price will hunt. On the daily timeframe, you can see the sell-side liquidity clearly and you will also notice that I had marked two daily order blocks which price hasn't gotten to... but I notice price has formed a bearish CHOCH which could mean that price might likely not get to the two daily supply order blocks above because of the bearish momentum. I have updated my chart and inserted the daily order block formed by the bearish CHOCH. I'd wait for price to trade into the daily supply order block then go to the 1-hour chart for my trade setup to go short if it presents itself. See below correlated pairs: EURCAD & GBPCAD Follow for more updates like this. EURCAD ANALYSIS GBPCAD ANALYSIS Cheers, Jabari
Short
by jabariofafrica
7 Dimension Analysis for CADCHF OVERVIEW: Potential Reversal Zone Identified as Price Holds Strong Support Levels 😇7 Dimension Analysis Analysis Time Frame: Daily 1: Price Structure: The current price structure shows bullish potential as the market is in a corrective phase. An inducement has already taken place with liquidity swept internally. The market has experienced 5 pullbacks, indicating a possible deep correction or reversal. The 1st order block (OB) remains unmitigated, and the extreme OB is also unmitigated. Demand zones on the yearly, monthly, weekly, and daily time frames create a strong confluence area, signaling a potential reversal zone. 2: Patterns: 🟢TREND LINES: Trend lines are still working as resistance or initial profit target zones. 🟢CHART PATTERNS: A double bottom pattern provides proper support. A fake-out is possible, but further confirmation is needed. A V-shaped swing indicates strong demand in the area, as the market rapidly swings upwards. 🟢CANDLE PATTERNS: Shrinking candles are forming near the support area. A hammer and doji candle appear near the support, indicating potential bullish reversal signals. A record session count of 10 consecutive bearish candles. A momentum (engulfing) candle follows a low, indicating strong bullish momentum. The last bearish candle closes as an inside bar, suggesting that bulls still have power. 3: Volume: Volume near the support area is heavy but unable to break it. Volume during the rally is relatively low, but a massive volume comes near the support, indicating profit booking. 4: Momentum UNCONVENTIONAL Rsi: 🟢The Unconventional RSI is in a super bearish zone and encounters resistance at the 40 level. 🟢A range shift from sideways to bearish is observed. 🟢Regular bullish divergence from the last low to the current low. 🟢Three overbought rejections signify a potential bull reversal. 5: Volatility measure Bollinger bands: 🟢A squeeze breakout has occurred outside the lower band and is completed. 🟢Walking on the band move is observed, indicating bullish momentum. 6: Strength ADX: Bears are currently in power. 7: Sentiment ROC: The rate of change for CAD is stronger than CHF based on current value. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish Choch ☑️ Entry Move: Impulsive ✔ Support Resistance Base: Extreme Support on H1 ➕ FIB Trigger Event: Not Activated yet ↕️ Trend Line Breakout: Draw an upside trend line and wait for breakout. ☑️ Final Comments: Consider buying. 💡 Decision: Buy. 🚀 Entry: 0.6540 ✋ Stop Loss: 0.6471 🎯 Take Profit: 0.7295 😊 Risk to Reward Ratio: 1:11 🕛 Expected Duration: 60 days.
Long
by Optimum369
CADCHF _____ INCOMING BULLISH EXPANSIONHello Traders, As we all know, this pair dumped into a level it has never gotten to before and rallied. Now, this doesn't mean that it can't continue lower, but if you look at last week's candle, you will see the strong buying pressure which is depicted by the wick of the candle and I expected that at the start of this week, price is likely to trade into the wick before the rally to the upside. Another reason why I expect the price to rally from my POI as marked on my chart is due to the equal highs (liquidity pool) that I have marked, which is usually attractive to price. Also if you look left, you'd notice that there is a trendline liquidity pool just below a daily FVG (see daily timeframe for clarity) which gives price more reasons to rally. Let me know what you think of this idea if you also have CADCHF on your radar. I would be posting more trade ideas. STAY TUNNED!!! Cheers, David
Long
by jabariofafrica
2
CADCHF ____ INCOMING BULLISH TRADE IDEAHello Traders, CADCHF is passing the vibe check for next week. As we all know, this pair dumped into a level it has never gotten to before and rallied. Now, this doesn't mean that it can't continue lower, but if you look at last week's candle, you will see the strong buying pressure which is depicted by the wick of the candle and I expect that at the start of next week, price is likely to trade into the wick before the rally to the upside. Another reason why I expect the price to rally from my POI as marked on my chart is due to the equal highs (liquidity pool) that I have marked, which is usually attractive to price. Also if you look left, you'd notice that there is a trendline liquidity pool just below a daily FVG (see daily timeframe for clarity) which gives price more reasons to rally. I would update you guys by next week if this move is still valid based on how the price moves. Also, I would really appreciate it if you follow me on Twitter: twitter.com Let me know what you think of this idea if you also have CADCHF on your radar. I would be posting more trade ideas for next week. STAY TUNNED!!! Cheers, David
Long
by jabariofafrica