CADCHF Elliott Wavehello friends
In the CADCHF currency pair, we see the formation of 3 Elliott patterns.
The first pattern consists of a 5-wave impulse wave, which we can call wave 1 or A.
The second wave is a ZigZag and the third wave is an Expanded Triangle.
Considering that two correction waves have followed, the possibility of changing the trend is very high.
My guess is the start of an impulse wave at the dominant wave 3 or C.
A buy trade can be prepared with a stop loss below wave 1 or B, which is the range of 0.6190.
If the price breaks the bottom of the triangle and the price closes in it, our theory is invalid and you can enter the sell trade.
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CADCHF trade ideas
CADCHF On The Rise! BUY!
My dear followers,
This is my opinion on the CADCHF next move:
The asset is approaching an important pivot point 0.6239
Bias - Bullish
Technical Indicators: Supper Trend generates a clear Bullish signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6267
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
#CADCHF 1DAYOn the CAD/CHF daily chart, the price has reached a critical support level. This level represents an area where the price has historically found buying interest, preventing further declines. The support zone indicates a potential bullish reversal as buyers step in to defend this level.
Forecast: Buy
A buy opportunity is expected as the price holds at the support level. Traders may consider entering a long position if the price remains above support, with potential targets set at nearby resistance zones. It's important to confirm that the support holds, as a breakdown below this level could negate the bullish outlook.
WHATS FLOWING: CADCHF (FRIDAY CHILLLLL)OANDA:CADCHF
Today there was not much flowing. Just ETHUSD, which I already covered and this gem CADCHF. For those of you are feeling lucky, you can jump in on the action this thing is currently playing out.
Best of luck.
(No Known Catalyst For This Trade At The Moment)
CADCHF - Expect AMD Pattern !! Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: Now price is in accumulation phase between 2 important levels 0.63000 and 0.62000, I expect we can see a manipulation of buy side liquidity and then distribution lower.
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CADCHF BULLSDouble top in bullish market. Let's see if current direction can break the low. Price is in our discounted area which is the 50% Fibonacci level. There is 2 primary outcomes:
Price might reject on the 50% level and start moving upward.
Price might sell toward the 61.8% level, fill in the fair-value gaps and buy.
Wait for a reversal candlestick for the buy entries on the listed areas.
CADCHF CONT. DAILY DOWNTRENDStructure broken on the 4hr uptrend, Trendline broken and head a shoulders chart pattern identified on the 1 hr timeframe. Technical indicators lining up to confirm bearish continuation of the Daily timeframe price action/structure for SELL trade opportunity
Swing Trade opportunity for 200+ pips.
Sell Stop entry @ 0.62593
This is NOT trading advice. This is my personal analysis. Trade at your own risk.
Could price reverse from here?CAD/XCHF is rising towards the pivot and could reverse to the 1st support which has been identified as a pullback support.
Pivot: 0.62927
1st Support: 0.62405
1st Resistance: 0.63155
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CADCHFKey Resistance Level: CADCHF has approached or recently touched a key resistance level, indicating a potential ceiling where the price might struggle to move higher.
Break of Higher Low (HL): The price has broken the series of higher lows, which suggests that the bullish trend is weakening and selling pressure is increasing.
Printing a New Lower Low (LL): The formation of a new lower low confirms that the market is transitioning from a bullish to a bearish trend. This is a strong signal that further downside is likely.
Trade Setup~ CAD/CHF Long Position🥊 CAD/CHF Trade Setup Analysis – Let’s Get Ready to Rumble. 🥊
OANDA:CADCHF
We’re stepping into the ring with CAD/CHF, and this pair is throwing some serious punches! After breaking resistance around 0.6200, it’s moving like a boxer on the offensive. If it holds above, we could be in for a long ride! 🚀💰
The Game Plan
📈 Trend Check: CAD/CHF is in a bullish phase (finally on the attack!). We’re looking at a solid long position if this momentum keeps up.
👀 Indicator Watchout: Keep your eyes on the 21-period EMA and 50-period SMA~ Should price stay above these levels, it’s a good sign we’re on the right track. This is your corner coach telling you to keep jabbing.
Major Level Alert:
🛡 Support: The swing low at 0.61564 is your safety net—if this holds, the bulls are still in control.
💥 Resistance: Watch for 0.63063! That’s where we could face some resistance (or hit our TP). If the pair gets tired and starts pulling back, don’t forget to take those profits before the bell rings! 🏆
Stay smart, stay patient, and let’s trade like market champs. #TradeSmart #ForexFighters #Punching Above Weight #PipHunter #CAD/CHF 🥊
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