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CADCHF trade ideas

CAD/CHF Eyeing Key Reversal: Watch the 0.66 Pivot!The chart indicates that the CAD/CHF currency pair may be heading for a retracement starting around the 0.6610 level. This area is significant because it coincides with the 0.5 Fibonacci level where previously we saw a sharp price increase, suggesting it's a strong order block level. The trend from 0.6463 to 0.6720 shows strong bullish momentum. Both the Fibonacci and the order block levels highlight a key zone ranging from 0.6610 to 0.6587. For this scenario, a stop loss is recommended below the 0.6588 level.
Long
by ClearTradingMind
CADCHF in CHADCHF Bullmode!I would like to quote a wise (and profitable) trader at this point: "Trading is a simple game. What makes it so complicated is the presence of the SNB." Put simply: I'm buying the CAD against CHF for a long-term swing trade. The reasons for this are short and sweet: - As predicted back in February, Swiss inflation fell below 2% in July. - As predicted, Swiss inflation fell much faster than the SNB had expected (currently at 1.4%) - As predicted, the SNB raised interest rates for the last time in June and paused in September - Tomorrow the SNB will not raise rates, but the market will start to price in possible SNB rate cuts for 2024 - My forecast: 1st rate cut by the SNB in 2024 will be in March or June - As predicted in this trade idea, the Swiss economy is increasingly weakening and flirting very aggressively with a possible recession, which would seal 2-3 possible rate cuts in 2024 And no, this text was not written by CHADGPT (an AI would now say ;)
Long
by PrimeTrading
USD/JPY Short and CAD/CHF ShortUSD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. CAD/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
CAD/CHF - Bullish Reversal Potential following Anti-ButterflyIntroduction: CAD/CHF has recently formed an Anti-Butterfly XABCD harmonic pattern, indicating a potential bullish reversal. This technical analysis aims to provide insights into potential entry and exit points for traders interested in capitalizing on this pattern. Pattern Formation: The Anti-Butterfly XABCD pattern on CAD/CHF suggests a reversal in the prevailing downtrend. This pattern typically consists of four distinct price swings, labeled X, A, B, and C, followed by a potential reversal at point D. Key Levels and Entry Points: Based on the identified pattern, traders may consider entering the market near 0.66560. This level aligns with the anticipated bullish move from point D of the harmonic pattern. However, prudent risk management dictates placing a Stop Loss near 0.66156 to mitigate potential downside risk. Profit Targets: Traders can set multiple profit targets to capitalize on the expected bullish momentum. The first profit target (TP-1) is set at 0.66950, aiming to capture the initial upward momentum. Subsequent profit targets include TP-2 at 0.67340 and TP-3 at 0.67735, reflecting further potential upside potential as the bullish move unfolds. Risk Management: It's essential for traders to adhere to proper risk management principles, including setting appropriate stop-loss levels and position sizing based on individual risk tolerance and trading objectives. Conclusion: In summary, the formation of the Anti-Butterfly XABCD harmonic pattern on CAD/CHF suggests a bullish reversal scenario. Traders may consider entering the market near 0.66560, with a stop loss at 0.66156, and targeting profit levels at 0.66950, 0.67340, and 0.67735. However, as with any trading strategy, prudent risk management is crucial to navigating market fluctuations effectively.
Long
by trading_jupiter
1
CADCHF Quick sell 1:3 Risk reward ratioI took a sell on friday on cadchf and i am currently in a draw-down on one of the trade but i strongly believe that the trade would drop from here because there is alot of head and shoulder patterns on multiple time frames suggesting it will drop and alot of confluences. I entered another trade again on a smaller timeframe again with fewer pips risk to add to my position. I see cadchf dropping all the way to that juicy zone down there Let me get your take on this signal and kindly follow and leave a boost thanks!
Short
by ForexPotatoe
CADCHF - Keep It Simple🍰Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 From a long-term perspective , CADCHF has been overall bearish, trading within the falling channel in red. 📈 From a medium-term perspective, CADCHF is in a correction phase trading within the rising wedge pattern in blue. 🏹 The highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red and blue trendlines. 📚 As per my trading style: As #CADCHF is around the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst