CADCHF 04/09/2024Weekly:
-Price rejected the all time low.
-61.8% retracement.
Daily:
-Inverse H&S pattern.
4H:
-Inverse H&S pattern.
-IC.
CADCHF trade ideas
CAD/CHF Bearish Pressure with Descending Trend Line➡️ Descending trend line shows bearish pressure
➡️ RSI divergence indicates weakening momentum
➡️ Bearish breakout expected below support at 0.6241
➡️ Next target: 0.6151 on the downside
CADCHF BUYHere is another pair that may be going long for a long time, the question is do you have the patience to swing, because it may be quite rewarding.
Long trade
Trade Details
Date & Time:
Entry: Sunday, 4th August 2024 at 9:00 PM
During the transition from the Tokyo to London session in the PM).
Trade Type: Buyside (long position).
Entry Price: 0.61649
Profit Level (Take Profit): 0.65517 (6.27%)
Stop Level (Stop Loss): 0.60484 (1.89%)
Risk-Reward (RR): 3.33
CADCHF: Short Signal Explained
CADCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADCHF
Entry Point - 0.6308
Stop Loss - 0.6325
Take Profit - 0.6273
Our Risk - 1%
Start protection of your profits from lower levels
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CAD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
The BB upper band is nearby so CAD/CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.627.
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Trade of the day..... Let´s seeI´m short in cadchf. I´m not a scalper or intrday trader. My trade are based on weekly tf, first trading with trend. So i love swing trade style.
CAD/CHF Approaching BreakoutWatching closely for a potential breakout:
➡️ Bullish Breakout above 0.63000
➡️ Bearish Breakout below 0.62406
➡️ Resistance at 0.63701, Support at 0.61519
CADCHF Shortwill be shorting this particular instrument if the market gives me the situation that resonates with my entry rules.
BONUS:
possible entry candlestick that could appear here is an EVENING STAR. i am not saying other candlesticks pattern cannot happen here but that is just a clue for an entry for me.
CADCHF: Bearish Move Confirmed?! 🇨🇦🇨🇭
CADCHF broke and closed below a support line of a quite an extended
horizontal trading range on a 4H.
Taking into consideration that the sentiment was strongly bearish
before the formation of the range, we may assume that selling
volumes were accumulating within.
A breakout may signify a bearish trend continuation here.
Goals - 0.623 / 0.621
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CADCHF: Important BreakoutUpdate for 📉CADCHF.
The price broke and closed below a support of a horizontal range on a 4H timeframe.
The broken structure turned into a resistance.
I will anticipate a bearish movement to 0.6196 level from that.
Bearish drop?CAD/CHF has reacted off the pivot which has been identified as an overlap resistance and could drop to the 1st support which is a pullback support.
Pivot: 0.62857
1st Support: 0.61967
1st Resistance: 0.6348
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SELL CADCHF - Trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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CADCHF - Trend ContinuationThis is a downtrend continuation trade I'm eyeing over on the CADCHF pair. Although the ADX is declining, I think this is a small pause before we see momentum accelerate again. Price failed to reverse to the upside and I'm timing this entry as price breaks below new lows.
TP: 75 pips (2x ADR)
SL: 30 pips
CADCHF Trading Plan - 20/Aug/2024Hello Traders,
Hope you all are doing good!!
I expect CADCHF to go up from the zone.
The Up move is expected to be an Impulse, however if it turns out to be a correction another push down can come.
Plan to Trade:
Wait for market to give Buy setup at zone.
Your follow and like will be a token of appreciation.
CAD/CHF: Bearish Breakout Signals Potential Downside➡ Bearish breakout from Rectangle pattern
➡ Next targets: Support levels at 0.6152 and 0.6098
CAD/CHF has broken down from a rectangle formation, indicating a bearish trend. Keep an eye on the support levels at 0.6152 and 0.6098 for potential price reactions. This setup suggests further downside potential.
CADCHF Consolidation at Fibonacci 0.625The price looks to be consolidating after a pull back, CADCHF is all time low area and good pull back is expected in long run ! Have a profitable trade.
CADCHF: Bearish Outlook Explained 🇨🇦🇨🇭
CADCHF is trading within a wide horizontal range on a 4H time frame.
After a test of a resistance of the range, the price formed a double top on that.
Bearish breakout of the neckline of the pattern is a strong intraday bearish signal.
The pair may keep falling now at least to 0.62621
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CAD/CHF BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are going long on the CAD/CHF with the target of 0.628 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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CADCHF ShortThis instrument is also similar to the USDJPY (not saying they are correlated in anyway), since my analysis is telling to go short on this pair, then, this is what i am expecting; a bearish engulfing bar from the current forming candlestick.
CADCHF: Consolidation & IndecisionThe current situation on CADCHF is quite unusual as the price is consolidating within a narrow horizontal trading range. The resistance levels are between 0.6280 and 0.6294, while the support levels are between 0.6263 and 0.6249.
To predict a bearish trend continuation, we should wait for a bearish breakout below the support range, with a 4-hour candle closing below it to confirm the breakout. This could lead to a further decline towards the 0.619 level.
On the other hand, to anticipate a bullish move, we need a 4-hour candle closing above the resistance range. This could signal a bullish continuation towards 0.634.
It is recommended to wait for a breakout and then follow the market trend accordingly.
CADCHF Will Go Down From Resistance! Short!
Please, check our technical outlook for CADCHF.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.626.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.612 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
CADCHF possible sell predictionOverall trend is bearish, price did a pullback, now price broke suppport, indicatng a possible continuation in the bearish overall trend. Price did a pullback into a sell zone for a possible sell activation.
Remember: Risk Management very important
