Week Summery: All The Trades I Entered + The Entry Reasons the trades i entered this week were GBPUSD +90 PIPS GBPNZD +30 PIPS GBPNZD -10 PIPS EURJPY +140 PIPS USDJPY +90 PIPS CADCHF +120 PIPS06:37by Forex_Wealth_Factory1
Falling towards 23.6% Fibonacci support?CAD/CHF is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 0.65290 1st Support: 0.64969 1st Resistance: 0.65874 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets3311
CADCHF : GROING APPETITE FOR RISK- The market was trading below a bearish trendline for a month ; the short-term trend was then bearish. - In mid-June, and with the establishment of a new low above 0.6435, the market has registered a sharp rebound. Investors' appetite for risk suddenly grew, and FX safer havens such as CHF and JPY currencies have been fled from traders. The market accelerated on the upside and broke-out the short-term bearish trendline. Both moving averages are now bullish, as dynamic support to the market, while the DMI indicator displays a strong bullish pressure inside a more and more directional price action. - All the above technical signs combined with the fact the market is now registering a new short-term high, makes us think a new bullish trend is on its way here. The next targets are given by the Fibonacci retracement of last bearish trend : 0.6570 (50%), 0.6600 (61.8%, 0.66475 (78.6) and 0.6705 (100%). Meanwhile, strong support levels have also been around 0.6530 and 0.6495. Pierre Veyret, Technical Analyst at ActivTrades The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. Longby ActivTrades1
CADCHF: Bullish Continuation Explained📈CADCHF is showing signs of a reversal following a prolonged period of bearish movement. A notable breakthrough of a significant daily resistance level suggests strong buying activity. I anticipate further recovery in the market, with a potential target around the 0.660 level in the near future.Longby linofx1226
CADCHF - Potential short !!Hello traders! ‼️ This is my perspective on CADCHF. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for short position. My point of interest is if price fills the imbalance higher and then rejects from liquidity zone + FIBO 0.618 level + institutional big figure 0.66000. Great confluence of confirmations. Like, comment and subscribe to be in touch with my content!Shortby Snick3rSD13
CADCHF: Back to Bullish Trend?! 🇨🇦🇨🇭 CADCHF is finally recovering after quite an extended bearish rally. I see a confirmed bullish breakout of a key daily horizontal resistance. It signifies the strength of the buyers. I believe that the market will keep recovering and reach 0.659 area soon. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader224
CAD CHF - Long1. CAD CHF Bullish rectangle continuation pattern. 2. CPI data in favour of CAD 3. CHF interest rate reduced.Longby dawoodabbas26114
CAD CHF - Long1. CAD CHF Bullish rectangle continuation pattern. 2. CPI data in favour of CAD 3. CHF interest rate reduced.Longby dawoodabbas261
The Canadian Dollar Is Gaining StrengthAfter significant losses in recent weeks, the Canadian dollar is showing signs of stabilizing. Ahead of the upcoming inflation data, the bullish momentum opens up the opportunity for a lucrative long entry with an attractive RRR of around 1.6:1.Longby Ochlokrat3
CAD/CHF BEARS WILL DOMINATE THE MARKET|SHORT Hello,Friends! We are going short on the CAD/CHF with the target of 0.643 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 113
Potential cadchf short swing idea Looking at a nice bearish Elliot wave on cadchf Looks to be in the expansion phase filling in the imbalance to continue lower targeting the trend line liquidity below Paytience pays Thoughts ?Shortby Onlypips4x114
CADCHF BULLISH CADCHF Has managed to break above the previous resistance level meaning that it will keep flying till to the next Level of indecision from which it will be the right place to exit the buys and stay out the market while hunting for another nice Opportunities in the charts.Longby samdandy1
CADCHFThis Weekly FORECAST Opportunity for CADCHF. This setup trading idea is for intraday. >> TAYOR *this can hold and find reentry Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Longby TREND-TITAN0
#CADCHF short term selling opportunityA short position would be considered if the price could break below the rising wedge pattern. A long position would be initiated if the price could break above the rising wedge pattern and closes above a VWAPs. The trading scenario with the line arrow has a higher possibility of occurring. Confirmations for the shorting scenario: Price below important dynamic resistance. Price creating a rising wedge pattern with a bearish intrinsic nature. bearish divergence between price and momentum oscillator. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.Shortby mohemati1
Bearish outlookPair is bearish and made a correction to retest a strong resistance. I am anticipating a bearish wave to the next nearest structure low.Shortby lvuithau1
CADCHF 240 - Resistance Breakout : 2 days agoBroke through Resistance level of 0.6524 at 6/22 03:00. Possible bullish price movement forecast for the next 2 days towards 0.6556. Expiry Date/Time: 6/25 14:22Longby ronlobo2
CADCHF - Bearish continuationWE saw negative news for CHF which spiked up price for CADCHF, i still like to see a bearish continuation since we need to come down to the demand zone in the beginning of 2024Shortby wdfdfhjt5
CADCHF - Support Becomes Resistance !Hello Traders ! Previously, The CADCHF formed a bearish triple top pattern. At the moment, The price broke the support level (0.64726 - 0.64628). This key level becomes a new resistance level ! So, I predict a bearish move📉 ____________ TARGET: 0.64100🎯Shortby Hsan_BenhmedUpdated 8812
CAD/CHF BULLS ARE STRONG HERE|LONG Hello,Friends! We are now examining the CAD/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.647 level. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignalsUpdated 112
CADCHFEntry point :- 0.65001 Stop lose :- 0.64397 Risk :- 0.50% Target 1 :- 0.6560 Target 2 :- 0.6621Longby TURTLETRADER3132
Possible nice upcoming shortterm rallye to the upside in CADCHFWatch out for a shortterm long entry after a sweep of this daily low.Longby thom_senUpdated 0
CADCHF Trading Plan - 18/Jun/2024Hello Traders, Hope you all are doing good!! I expect CADCHF to react from the highlighted zone. Currently CADCHF is in bigger correction & I am still seeing the potential bigger move towards upside. Plan to Trade: If market starts to correct from current levels upside, then short term sells are possible. Look for your BUY entry setups as per the above expectations. Your follow and like will be a token of appreciation. 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.Longby For3xScalper2213
CADCHF Possible Bullish MoveLiquidity Grabbed, Price pushed up and now at support, hopeful for a bullish move. Remember: Risk Management Very ImportantLongby habinel1