CADCHF SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
CADCHF trade ideas
CADCHFThis Weekly FORECAST
Opportunity for CADCHF. This setup trading idea is for swing. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
CADCHF short ideaBearish idea,
Trend line sugests a downtrend
possible M pattern
Rejection from a big Resistance zone
CADCHF SHORT/SELLHello traders
CADCHF is another trade I'm looking at
* Ending structure forming (B wave with 5 waves)
* MACD divergence
* ORDER BLOCK @ 0.67200 level
* Unfilled gaps at the bottom
* CHF CPI News on Thursday (04/04/2024) MIGHT BE THE TRIGGER
ENTRY: 0.67200
STOP LOSS: 0.67380
TAKE PROFIT: 0.65346
CADCHF MARKET CONDITION IN DAILY TFPrice traded this week and closed at 0.66 level. If we can see price trade above 0.69 level, it could provide a buy opportunities while a fallback to 0.64 may provide a momentary bullish pullback
CADCHF Will Move Lower! Short!
Here is our detailed technical review for CADCHF.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.660.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.656 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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The CADCHF Harmonics analysis indicates a Bullish trendThe bullish Butterfly Pattern is shown in CADCHF, where the Harmonic analysis indicates a bullish trend
CADCHF LONGCADCHF is making lower lows and lower highs. it made double bottom now. it created divergence.
CADCHF - Buy StopCADCHF - Buy Stop
- Bullish Divergence
- Looking for Crab Harmonic pattern to form
- Entry if B is broken
CADCHF: Bulls Will Push
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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DeGRAM | CADCHF downturn in the channelCADCHF is moving in a descending channel under dynamic resistance.
The price dropped under the level coinciding with the 62% retracement level of the last bullish impulse.
We expect the decline to continue.
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CADCHF: Bearish Outlook Explained 🇨🇦🇨🇭
CADCHF pair broke and closed below a solid intraday horizontal support.
After a violation, the market retested the broken structure and started to consolidate.
A bearish breakout of a support line of a consolidation range gives us a strong bearish confirmation.
It increases the probabilities that the fall will continue.
Goals: 0.6587 / 0.6567
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CADCHF - TRIPLE TOP 📉Hello Traders !
On Friday 26 Avril, The CADCHF Reached a Resistance Level.
The Price Formed a Triple TOP Pattern.
At The Moment, The Neckline is Broken !
So, I Expect a Bearish Move 📉
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TARGET: 0.66026🎯
CADCHF Going ShortTechnical Indicators:
1- Dow theory on Bearish Side
2- Fib Retracement expected to reach at 0.236 point
3- AB=CD also have strong indication to get the target point
4- Bearish trendline show us indication of bearish downward trend
Fundamental Indicator:
1- Got entry on 1st breakout of Sell
2- Seasonality pattern show us the bearish trend
3- Summary 3 score also indicate the CAD is positive and CHF have more scores in bearish side
4- The Endogenous factors also favour in CADCHF trend
CADCHF sell setup formed, 2hrCADCHF was in an uptrend for the past few weeks. It failed to cross the resistance at 0.66910 after touching it for the second time.
The CADCHF gave us a Head & Shoulder reversal pattern at our resistance zone showing us that sellers are in control. The uptrend was then broken preparing for sells. The breakout formed a flag continuation pattern confirming the sell opportunity in a technical view.
CADCHF: Bullish GartleyCADCHF is in bullish gartley pattern, we will take entry as per market for targets keeping the stop loss at given point.
CADCHF About to turn bullish long-term.The CADCHF pair Has been trading within a Channel Down pattern since January 2023 but recently it has shown growing signs that the long-term bearish trend is coming to an end. First of all, it formed the first Golden Cross on the 1D time-frame since April 01 2022. Since then, it has held the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) as Supports.
The strongest bullish development is that it turned the 1W MA50 (red trend-line), where it was rejected on September 29 2023, from a long-term Resistance to Support. The last time that this series of events happened following a 1D Golden Cross, was within December 2020 - January 2021. Even the 1D RSI fractals between the two are similar. What the past fractal did after turning those MAs into Supports, was rally aggressively above the previous Resistance.
As a result we turn bullish now on this pair, expecting the Channel Down to break upwards, and target 0.69650 (Resistance 1).
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CADCHF LongEntered CAD/CHF on as price tested the high of the Asian session. Fundamentally CAD is stronger the CHF and CADCHF has got battered lately on the daily chart. I expect price to churn around some here in the price area before potentially moving higher on the 4hr daily. This trade will probably be an intraday trade but I will ride it to see where the momentum goes.
CADCHFThis Weekly FORECAST
Opportunity for CADCHF. This setup trading idea is for swing. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
MORE SHORT ON CADCHFprice mitigated our daily order block and gave us a clean shift on H4 to the downside showing that sellers are to push lower
4hr4hr support area... So Buy SL maintain. Support resistance bass trading plan. Happy Trading. Thank you.
Sell Overheated Loonie (May 2)Fundamentals & Sentiment
CAD:
- BOC has been successfully coping with inflation, with the latest Core CPI YoY posting 2%.
- The solid economic performance of Canada added urgency to hike rates until the target CPI has been achieved, so keeping rates high is becoming obsolete. There's still a decent potential to price in cuts until the next BOC rate decision.
CHF:
- Rate cut differential
Technical & Other
Setup: TR(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Sideways
Long-term: Uptrend
Min target: DMA(50)
Risk: 0.25%
Entry: Market
