CADCHF sell after rejection!CADCHF (4H) has formed a daily strong bearish candle ( Middle man) rejected from the head & shoulder. Price currently now on the 4H testing the previous support as resistance and possible rejection can yield sell signal.
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Cadchfsignal
CADCHF possible sell area!!CADCHF ( 4H) has formed a head & shoulder on the 4H on the important level of resistance. In the last session, we have seen a strong rejection from the head & shoulder with textbook hammer sign of breakdown. It is highly likely that CADCHF will continue to drop as the long-term trend is down.
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CADCHF possible long for 0.7710#cadchf, 24th june key reversal bar formed made a new low closed on the high. 19th July again key reversal bar formed. Need to break 0.7580 for long target as 0.7710. split risk into two trades, one from cmp while use remaining half if price dip down. stop loss 0.7450.
CADCHF Short into 0.75000Confluences
1. Broke the Trendline
2. Daily New downtrend
3. New weekly candlestick low
4. Broke the inner trendline in downtrend
Looking to react in lower timeframe to these two entry points. But, still high probability the price will go in 50% FIB due to Daily lower high and broke the inner trendline.
CADCHF top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
CADCHF | Good Short Opportunity. When it comes to the technical analysis of CADCHF , it is still in downtrend and likely to get at least 100 Pips to the downside. Based on technical analysis, it looks weak even in higher time frames and smaller time frames alike. That's why I came to this conclusion that this currency pair is still in downtrend. However, if the price breaks the above supply zone, don't go short. If you are going short, better place the stop above the supply zone and should wait for a proper pullback to go short.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
CADCHF | Good Opportunity to sell.When it comes to CADCHF technical analysis , this currency pair is right now in a downtrend.
If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
CAD/CHF 1HR SELL SET UPHi TRADERS this is my trade set up for the CAD/CHF
CAD/CHF Coming in to area of resistance I am looking to take a sell only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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CADCHF (15m) May Pump to 0.73777It's not late to jump in and ride the short term wave for 60+pips.
Strategy: Shift in Direction
There is BOS and Correction to 78.6% fibo level of the swing that caused the break. I expect price to grow to my target 2, but first, i have to cover the cost by taking profit in-between.
LET ME KNOW HWAT YOU THINK (LIKE, COMMENT AND FOLLOW ME PLEASE)
CAD/CHF Analysis : Bullish movement Hello everyone, as we all know the market action discounts everything :)
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CAD/CHF has started this week's session with a great Bullish movement crossing all the daily resistance lines and seems to be gaining more momentum by the hour.
the bulls will need to get over the 50-day EMA first for the trend to be considered Bullish but At that point, the lower time frames are giving a short-term profit potential.
Possible Scenarios for the market :
Scenario 1 :
The market is trending at 0.73393 right now with a Strong Bullish candle forming for today, If the Bulls were able to hold that momentum then we could be seeing the market continue its Bullish movement and reaching the first weekly resistance line located at 0.73540, From there we will have a small confirmation for this Bullish trend that could lead the price near the 0.74030 where we might see a control battle. the weekly big Bullish target will be 0.74890 zones.
Scenario 2 :
Looks like the Bulls are in control right now but the Bears may step in and drive the price back down after reaching 0.73540, which could lead to a drop that could end near the 0.7220 level but there are no big signs for that yet, In case that happens a big battle will accrue between the Bulls and Bears at that level and the outcome will determine the direction for the market in the next period of time.
Daily Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The RSI is at 58.70 showing Great strength in the market. No divergence was found between the market and the indicator.
3) The MACD is above the 0 line indicating that the market is in a Bullish state. With a positive crossover between the MACD line and the Signal line.
Daily Support & Resistance points :
support Resistance
1) 0.7303 1) 0.7317
2) 0.7294 2) 0.7324
3) 0.7288 3) 0.7332
Weekly Support & Resistance points :
support Resistance
1) 0.7220 1) 0.7354
2) 0.7133 2) 0.7403
3) 0.7085 3) 0.7489
Fundamental point of view :
The CAD/CHF cross rate has recently spent periods within various trading ranges, and it might be the case that it has established a new one after having broken lower in August. The move back up from that low was fast and it is now trading within a broad range again.
no major Fundamental news happening right now that could affect the CAD/CHF market, But the 10-Year Bond Auction that is happening in Canada could have a small impact on the market.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.