CADCHF Looking bullish based on my anylsisBullish outlook for 25 to 29 December,bearish also expected.
CADCHF trade ideas
⚡️CADCHF CMC TRADING ⚡️ CHOCH & DEMAND FOR REVERSALCADCHF is currently situated within a major demand zone characterized by the creation of multiple equal lows. A recent observation of a ChoCh pattern is a notable indicator for a potential reversal continuation. Anticipating a rally, our expectations extend towards the recent Order Block (OB) and potentially beyond, targeting the identified Major Supply zone.
CADCHF-bias long Bullish indications:
Double bottom formation in 1 hr time frame.
Major support respected.
Higher low made a bullish engulfer candle.
Trend line resistance break out.
Morning star candle in 4 hr time frame from support.
Currently in ascending channel.
Trade plan bias long @ 0.64643
SL:0.64414
TP1:0.64871
TP2:0.65072
CADCHFCADCHF is currently sitting on a 4day chart TF. With consolidation almost at 0.64-0.643 and the wave count at consolidation next is likely to try to break above.
SL will be at 0.64
CADCHF ABCD PatternCADCHF Buystop entry at FVG, ABCD apptern found with bullish Div. Lets hope for best
CADCHF creating bearish rectangle patternCADCHF is creating a bearish rectangle pattern. Setting sell stop order at the break-line of the bottom.
CADCHF SHORT 15MIN TIMEFRAMEOverall trend is down. Selling from area of imbalance. Sl set above the orderblock. Making risk free at 1:1 rr. Huge liquidity wick further reasoning to go to the downside.
CADCHF H4 | Rising to 61.8% Fibo leThe price is on our buy entry and could breakout and rise to take the profit level.
Buy entry is at 0.64574 which is pullback support level.
Stop loss is at 0.64364 the multi-swing low support.
Take profit is at 0.64838 which is the pullback resistance and it aligns with the 61.8% Fibonacci retracement level.
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✅CAD_CHF MOVE DOWN AHEAD|SHORT🔥
✅CAD_CHF price grew again to retest the resistance of 0.649
But it is a strong key level
So I think that there is a high chance
That we will see a bearish move down
SHORT🔥
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Trade idea for CAD/CHFWhen we have a look at the charts we can see that the price is forming some sort of a wedge.
The big candle that we can see with the big spike out of the wedge can confirm this.
What we now could do is trade off this and maybe make some little profit.
Entry: 0.64522
SL: 0.64350
TP: 0.64945
Keeping an eye out for this on CAD/CHFWhen we look at the chart we can see that the price is now at a zone that was previous resistance but was able to break above it with nice volumes.
What I now want to see and what I am now waiting for is to see what the price is going to do when we are testing that level again because this can become a support zone now.
If that is the fact than we could trade with that support zone.
CADCHF | DAILY SWING BUYPrice is in a very important zone and has rejected this area several times. I see price buying to the upside with target area at 0.68500.
Trade report of 19-12Today's actions:
GBPCAD : the sell streak has been reversed by today's CPI figures. We have thrown out the sell series.
News:
US stock trading on Monday largely maintained the positive sentiment of the previous six weeks on the first day of a new trading week. The important stock market index S&P500 added 0.6% and is therefore approaching its highest level ever. The Dow Jones index gained 0.04% and the index of the Nasdaq technology exchange climbed 0.8% higher.
Oil became 1.6% more expensive in American trading on Monday. The reason for this is the increasing threat of attacks from Yemen on oil tankers and other ships that use the shipping route through the Red Sea.
Share trading today is improving due to lower yields on European government bonds.
The CPI in Canada provides no real direction.
CAD CPI m/m Is: 0.1% Expected: -0.1% Was: 0.1%
CAD Median CPI y/y Is: 3.4% Expected: 3.3% Was: 3.4%
CAD Trimmed CPI y/y Is: 3.5% Expected: 3.4% Was: 3.5%
CADCHF - LongSo once again using my Fib I am buying this pair based off the 0.618 with a TP of 0.65338
🌟📈 Forex Trading Opportunity: CAD/CHF Analysis 💱🔍🔹 Post Static Level Breakout in Daily Timeframe: Following the breakout of a static level in the daily timeframe and subsequent weakness, there's a possibility of a false breakout with a strong upward movement.
🔹 Entry Trigger on Exiting Consolidation: Exiting the specified consolidation zone can be considered as an entry trigger.
🔹 Potential Downward Movement: The likelihood of a downward movement in line with the primary market trend remains high. This analysis can be used to enter the market in higher timeframes or after direction clarification in lower timeframes, according to your strategy.
🔑 Related Categories:
Breakout Analysis
Consolidation and Trigger Points
Market Entry Strategies
How are you approaching the CAD/CHF pair? What’s your strategy for entering this market? Share your views and tactics! 💬🌐
#ForexTrading #CADCHF #MarketAnalysis
📚 Remember: Forex trading involves significant risks. Stay informed and always align your trades with your personal trading strategy and risk management rules! 🧠💼
Potential triple bottom, looking for longs from herePrice has been testing this current price area for months now, since it first reached it back in the spring. With it being the all-time low zone, I'm looking for a buy setup here as a possible triple bottom formation seems to be forming. Around 0.68 would be my target level.
CAD/CHF 1DLONG TIME TRADE
warning . I do not know the unseen. This analysis may be correct or it may be wrong. Please be wise
CAD/CHF (long)I have been waiting for this trade for a couple of weeks now.
We shall see if it was worth it.
Swing buys on CADCHFPrice broke through previous resistance zone. Anticipating a retest of the newly formed support zone and then a pull to the upside. 4hr/daily chart indicating a possible inverse Head & Shoulders formation which will further support the probability for buys. Support zone may be our possible base for the formation of the 2nd shoulder. 1hr chart indicating price rejection on support zone and 15min showing a descending channel pattern towards the support zone.
