BUY CADCHFPair is at a buyers' zone currently, we have seen a very simple double bottom on the hourly TF.
Goodluck
#1boy
CADCHF trade ideas
CAD/CHF: Bullish Reversal Expected at Key Support levelThe CAD/CHF currency pair is currently forming a Bullish Crab Harmonic Pattern (XABCD). Point D, identified as the Potential Reversal Zone (PRZ), aligns with multiple technical confluences, suggesting a high probability for a bullish trend reversal.
______________________Key Technical Confluences____________________
Potential Reversal Zone (PRZ):
Point D, our PRZ, is critical for anticipating a trend reversal. It coincides with:
Key Support Area: This area has historically acted as a strong support level, providing a firm foundation for a potential bullish reversal.
Daily Trend Line: The PRZ intersects with a long-term daily trend line, reinforcing the likelihood of a reversal.
61.8% Fibonacci Level: The PRZ also aligns with the 61.8% Fibonacci retracement level, a significant indicator of potential price reversal in harmonic patterns.
Entry Strategy:
To capitalize on the anticipated bullish trend reversal, we recommend taking a position at the breakout of the resistance level near 0.65370. This level is crucial as a successful breakout here confirms the reversal pattern.
Stop Loss:
Place the stop loss slightly above the support level at 0.65590 for risk management. This placement ensures protection against false breakouts and market volatility.
Take Profit Targets:
We have outlined three profit levels to maximize returns while managing risk effectively:
TP-1: 0.65150
TP-2: 0.64930
TP-3: 0.64710
Each take-profit level offers a strategic point to secure profits as the market progresses in our anticipated direction.
Conclusion:
The convergence of technical factors at Point D strongly indicates a potential bullish reversal for CAD/CHF. By aligning our entry, stop loss, and take profit levels with these confluences, we enhance our trading strategy's robustness and probability of success.
Trade with caution and ensure adherence to your risk management protocols.
CADCHF ReversalCADCHF is forming double bottom with bullish divergence, price is expected to break the resistance and move upwards.
CADCHF: Accumulation & Indecision 🇨🇦🇨🇭
CADCHF is stuck between 2 key horizontal structures.
The price formed a narrow range where trading volumes are currently accumulating.
Depending on the reaction of the price to the boundaries of the range,
I see 2 potential scenarios.
If the price breaks and closes above 0.6532 the resistance of the range,
it will be the important sign of strength of the buyers and with a high
probability growth will continue.
Next goal will be 0.657
If the price breaks and closes below 0.659 - the support of the range,
a further decline will be expected, at least to 0.647.
Wait for a breakout, it will give you an accurate and reliable confirmation.
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CADCHF: Ready For Correction?CADCHF: Ready For Correction?
yesterday after the Swiss CPI data the price moved down across many XXXCHF pairs proving once
again that the CHF is not giving up easily.
Today ahead of the BOC Interst rate decision the price stopped and is showing for a possible correction.
it is risky as we are ahead of a big event and the price can move in many ways during these events.
However, we can see a bullish correction from a technical point of view combined with some Fundamental Analysis!
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Fib Strategy ExplainedThis is merely a video demonstrating how I was able to predict the drop in CADCHF from last week and enter at the appropriate times and locations. It also describes how I use the Fib and Fib retracement tool to determine my take-profit and re-entry levels.
We appreciate any and all criticism.
Regards
CAD CHF - Short Set upThe chart is in clear downtrend. On 1H TF looks like a bear flag. Entry, Stoploss and TP's mentioned. Good Luck
Entry 0.64947
Stoploss 0.65319
Tp1 0.64574
Tp2 0.64207
#Trading #Technical #Crypto #Stocks #commodities
CHFCAD Trend Continuation Entry CHFCAD Trend Continuation Entry looks like it's want to continue to upside
CADCHF - Bullish Crab PatternAn almost perfect CADCHF bullish crab harmonic pattern is formed, the bullish divergence is a confluence of its bullish movement. This is a wait-and-watch scenario, the validation of this setup initiates after it tests the D point and breaks the 0.618 Fib level, in this case, a buy-stop setup.
CADCHFWe can attempt to buy CADCHF as it break LH , trendline resistance , also there is bullish divergence indicate that it moves upward.
SL , TP mention in chart.
CADCHF - H1 - 04.06.24 - 07:05 GMT+2Entry:
- Price broke through sideways range with strong move toward downside.
- Pullback is not really ideal, it is best to see a 40-50% pullback.
- Setup BB with pre-breakout tension, although it is not really ideal too, but the strong move to the downside give us favorable condition.
CADCHF BULLISH BUTTERFLY MONTHLY PATTERNTarget one - at .382 to .868
1 to 7 risk to reward
stops just below the previous low
Good luck traders
BULLISH MARKET STRUCTURE 4 CADCHFCADCHF is driven by bullish harmonic price patterns which have
been occurring for quite some time now
Bouncing between Supply and Demand areas
Price is currently playing around our demand area and this
could lead to a bullish move soon, supported by the
Bullish harmonic price pattern structure
which also formed on our demand areas
Be vigilant for stop hunts !!!
DeGRAM | CADCHF sliding towards the channel boundaryCADCHF is moving near the lower boundary of the descending channel, to which the price has been sliding for a long time.
The chart started to retest the channel boundary, support level and trend line.
We expect a rebound.
-------------------
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CAD/CHF Day Trading analysis On CAD/CHF , it's nice to see a strong sell-off from the price of 0.66540. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade.
Happy trading,
Dale
CAD/CHF may fall 25 - 32 pips0.6620 is our pivot point.
Our preference
The downside prevails as long as 0.6620 is resistance.
Alternative scenario
Above 0.6620, look for 0.6632 and 0.6639.
Comment
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.6614 and 0.6621).
Supports and resistances
0.6639 **
0.6632 *
0.6620 **
0.6615
0.6609 last
0.6584
0.6577 **
0.6570 *
0.6563 **
Number of asterisks represents the strength of support and resistance levels.
CADCHF IDEAThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
CADCHF: Forecast & Technical Analysis
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the CADCHF pair price action which suggests a high likelihood of a coming move up.
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CADCHF IS IN BULLISH TRENDCADCHF is in bullish trend because bullish divergence printing on 1H & 4H time frame buy at retracement of fib level 0.38 or 0.50 complete trade plane is mentioned in chart
