CADCHF trade ideas
CAD/CHF Buy Trade OpportunityAttention Traders!
Here's an exciting trade setup for the CAD/CHF currency pair. This opportunity involves a buy trade with a well-defined entry range and profit targets to maximize your potential gains.
Trade Details:
Buy Range: Enter the trade when the price is between 0.6488 and 0.6490 .
Profit Targets:
First Target: 0.65750 . Set this as your initial level to take some profits.
Second Target: 0.65900 . Aim for this level to maximize your returns.
Key Points to Consider:
Entry: Ensure you enter the trade within the specified range of 0.6488 to 0.6490 to optimize your potential profits.
Profit-Taking Strategy: Setting two profit targets allows for effective risk management and maximized gains. Close part of your position at 0.65750 to secure initial profits and aim for 0.65900 for additional gains.
Risk Management: Always consider your risk tolerance and use appropriate stop-loss orders to protect your investment in case the market moves against your position.
This structured approach ensures you have a clear plan for entering and exiting the trade, balancing potential profits with effective risk management.
Happy Trading!
Importance of zones!Hey traders, here is a great example of why I set specific zones for all my trades. When I do my analysis for the day, I create zones based off of strict support and resistance zones and trend line breaks as well. These zones and all my trades are based off the daily candle close. I choose to drop down to the 15 min chart but you can just go off the 4hr chart if it’s easier but you might not get as many trades. I always shoot for 5 pips but 8 out of 10 times price moves way farther. With 3 crazy kids I have to set targets and they are either gonna hit or stop out. I really hate losing so I try my damn best to make sure momentum is in my favor. For my trade set ups, typically what I would like to see is a daily candle closing bearish and the 4 hour candle closing bearish and vice versa. Discipline is a major key factor in my trading strategy something that I have acquired over the years. Stick to the plan and WAIT FOR IT! OANDA:CADCHF I could have 20 great trades lined up for the day and not one of them break my zone. It’s ok though, there’s always tomorrow. If price doesn’t break my zone by the end Tokyo session I’m out cuz the London session is just a bully that likes to go the opposite direction. I also cleaned up my chart so it’s easier to read both for you and myself. If I ever post an idea, I might just post my trade then go back into the comments and explain the details later. Happy trading. Aloha and much love
2607FRI - watchlist updatequick update on the 3 positions I am looking to execute on today should they shape up
Scalp em!So based on my analysis of price closes below 0.63718 we are looking to scalp! Scalp as much as you like. Even though price closed below my trend line it’s still not in my zone. Gotta stick with my strategy but don’t worry and be patient. Wait for it and it will come! OANDA:CADCHF
SHORT 7/25/24Daily downtrend, daily level of supply entry into December 2023 lows. 5.7:1 Risk/Reward.
CADCHF Going DownToday's Canada Economic Numbers were released:
CPI m/m - Actual below forecast
CPI y/y - Actual below forecast
We have seen CAD pairs move lower since the CPI numbers were released.
With further Swiss Franc strength, I expect this pair to target the 0.65 price level. Continued bearish pressure will lead to price moving towards 0.64.
Good luck guys :)
CADCHF - Look for a 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 a short. My point of interest is if price make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 0.64500.
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Harmonic PatternIn a long-term ascending trend and repeated correction that shows the pattern of three peaks. Now we see that the correction of this process has reached a key resistance, and according to the Fibonacci range, there is a possibility of correction in the opposite direction. Is it settlement time?
CADCHF BearishDaily Bias Bearish
Fundamental
CAD reduced interest rate to 4.5% , CHF with a lower interest rate but their currency is bullish.
CAD is bearish now.
Price action
Price breakout of Daily SR level to for a lower low. In H4 TF, there is a double top pattern formed before the breakout happened.
Setup short trade at broken H1 support level with SL above the swing high of double top pattern. Targeting next daily SR level below.
SELL TO BUY The pair is currently in a downtrend and heading to rest the previous all time low. For Now we are bearish
CADCHF IS PRINTING BEARISH HARMONIC CADCHF is printing bearish harmonic (CRAB) Pattern Point D is PRZ it also print bullish divergence so my trade plane is when it break the last lower high my buy stop placed
CAD/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
CAD/CHF downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.652 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the CAD/CHF pair.
✅LIKE AND COMMENT MY IDEAS✅
CAD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
We are now examining the CAD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.642 level.
✅LIKE AND COMMENT MY IDEAS✅
CADCHFThis pair has formed and Inverted CUP & HANDLE pattern.
In the context of a downtrend, it is continuation pattern.
To look at the projected target , consider the measured move.
Wait for confirmation of a downside break of the handle, before considering a short trade.
CADCHF MARKET CONDITION AHEAD OF BoC MONETARY POLICY REPORT!Price currently trade at 0.64608 level ahead of BoC monetary policy report coming up today by 2:30pm. A fall below 0.64354 could provide a buy opportunity at 0.63538
CADCHF DOUBLE BOOTOM REVERSAL PATTERNCADCHF was in downtrend on one hour time frame know the price has make double bottom pattern which is a reversal pattern buy stop order placed near neck line risk to reward ration is 1:1.
still sellDrawing the future path of this currency pair
The designated PRZ area is where I enter into buy
Trade idea - CADCHF Long4H
Bullish impulse / High: indication.
Bullish M pattern: confirmation.
Clear support & resistance zone is there.
Corrective approach towards entry zone.
-68 Fibonacci aligning with entry zone.
Ascending trend line is there.
= Buy limit.
Trading Signal for CADCHF PairDirection: Sell
Enter Price: 0.64738
Take Profit: 0.64499667
Stop Loss: 0.64937667
Dear Traders,
We are issuing a Sell signal for the CADCHF currency pair based on our analysis using the EASY Quantum Ai strategy. Here are the specifics of the trade:
- Enter Price: 0.64738
- Take Profit: 0.64499667
- Stop Loss: 0.64937667
Our forecast indicates a likely downward movement for several reasons:
1. Technical Analysis: Recent technical indicators suggest that CADCHF is facing resistance around the 0.6490 level, indicating a potential reversal.
2. Trend Analysis: The pair has shown a downward trend over the past sessions, breaking through significant support levels.
3. Market Sentiment: Current market sentiment indicates a bearish outlook for CAD against CHF, primarily driven by weak economic data from Canada and a more stable Swiss economy.
4. Volume Analysis: Decreasing trading volumes in upward movements coupled with spikes in volumes during downward corrections indicate pressure from sellers.
This sell signal is expected to align with the market movement within the timeframe of the provided levels. Please ensure that you follow risk management practices while executing this trade.
Happy Trading!
Disclaimer: The above information is for educational purposes only and should not be taken as financial advice. Always conduct your own analysis before making any trading decisions.
CADCHFThis Weekly FORECAST
Opportunity for CADCHF. This setup trading idea is for intraday. >> 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.
Will CADCHF Reverse?The recent rejection at the previous support level suggests a potential price reversal.
TP: 0.65380 (+2)
SL: 0.64480 (30 pips)
buy on CADCHFwe have a bullish arche flag forming on the structure of the pair and a double bottom forming on resistance with smaller continuation patterns forming to confirm the upwards movement
