CADCHF sell opportunity Strong trend line is now break and price is getting ready to go down. Risk only 2% of your account and good luck with the trade.
CADCHF trade ideas
CADCHF 1D PatternThis is a beautiful pattern that indicates this pair loading for a showt. The weekly TF pattern supports this same idea
weekly timeframe inverse head and shoulder in #CADCHFWe are probably dealing with an accumulation phase in the CAD/CHF chart.
The appearance of an inverse head and shoulders pattern in this phase would likely increase the probability of a long-term bullish move in this pair.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
CADCHF: Bearish Continuation & Short Signal
CADCHF
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short CADCHF
Entry - 0.6565
Sl - 0.6591
Tp - 0.6517
Our Risk - 1%
Start protection of your profits from lower levels
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CADCHF sell ideaCADCHF is in a downtrend on the 4-hour timeframe. It seems to have formed a channel with 5 touches on the lower line already and is currently testing the upper line. If it doesn't manage to break it and shows rejection, this could be a nice sell entry.
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 PIPS
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
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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.
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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.
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.
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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.
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CAD CHF - Long1. CAD CHF Bullish rectangle continuation pattern.
2. CPI data in favour of CAD
3. CHF interest rate reduced.
CAD CHF - Long1. CAD CHF Bullish rectangle continuation pattern.
2. CPI data in favour of CAD
3. CHF interest rate reduced.
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.
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.
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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 ?
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.
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.
#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.
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.
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 14:22
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 2024
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📉
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TARGET: 0.64100🎯
