CADCHF trade ideas
CAD/CHF: Technical Trend
CADCHF has been in a downtrend since the beginning of October 2023.
CAD is weak while the CHF has been strong this week. I believe that the trend will continue based upon several conditions that I am looking at.
CADCHF, Will it print a long term low? CADCHF / 1D
CADCHF / 1D
Hello traders, welcome back to another market breakdown.
CADCHF has been trading around a Key Macro level. The bulls seem to be reclaiming a KEY Macro level many times which is bullish signal.
Trade safely,
Trader Leo.
✈️CADCHF can go UP by Falling Wedge Pattern✈️🔄 CADCHF re-entered the 🟢 Support zone(0.648CHF-0.645CHF) 🟢 after experiencing a 🐻 Bear Trap 🐻.
💡Also, CADCHF seems to have succeeded in forming a Falling Wedge Pattern , so the upper line of this pattern was broken hours ago.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
🔔I expect CADCHF to GO UP in the coming days and may rise to 🔴 Resistance zones 🔴.
Canadian Dollar/Swiss Franc Analyze ( CADCHF) 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
CADCHF - W1\D1CADCHF
W1 - The price may push off from the level, a potential rebound to the values of 0.68343
D1 - The price is behind the trend line, a potential retest is now forming (which forms a potentially 3-wave structure) and continuation of the upward movement from the strong level at W1.
What can you expect?
You can consider entering from the level of 0.64882 with further movement to the target 0.65870. Cancellation of the idea so as not to take increased risk on the idea levels beyond the end of the 1st wave on D1 - 0.64169
Short term
Short
Targets 0.64984 - 0.65269 - 0.65491 - 0.65870
Long term
Short
Targets 0.65243 - 0.66205 - 0.67295 - 0.68343
Trade reportCADCHF: a new buy range initiated at 0.6488. This connects to the existing series that is higher.
CADCHF 1D IdeaBased on analysis, there is a possibility of a bullish pullback on CADCHF with a potential price movement towards the resistance level at 0.68500 in the near future.
CADCHF buy stopBuy stop CADCHF
Entry point :- 0.64756
Stop lose :- 0.64514
Risk :- 0.5%
Target 1 :- 0.6500
Target 2 :- 0.6524
Target 3 :- 0.6548
BullishBroken resistance and retest it as support. A trend line break above on h1 will be for entries.
CADCHF short for weekCHF stronger than CAD.
CHF > NZD > AUD > GBP > JPY > CAD > EUR > USD
(read CHFNZD long, but also CHFAUD long, CHFGBP long and so on).
This relation is made as cheetsheet and sanity check beased on analysis of 28 currency pairs for the following week.
cadchfthe market has missed our entries now we are waiting for it to retest to the down side then shoot up
CADCHF The Target Is UP! BUY!
My dear subscribers,
My technical analysis for CADCHF is below:
The price is coiling around a solid key level - 0.6440
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.6566
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
I'm going to start to share my idea with youSet your stop loss = 1% of your balance.
Be ready for CADCHF Short
CADCHF - Potential short I will look at this setup tomorrow morning and confirm it with my trading plan before executing.
CADCHFLately on CADCHF, the pair has being selling hard, now we are waiting for the restest to our order and catch the reversal
CADCHF - Long IdeaCAD/CHF has bounced from 52-Week Low at 0.6426. Downtrend is losing momentum and the trend is changing to uptrend.
CADCHF - Trend Reversal and Continuation LevelsPossible trend reversal if break above external channel or continuation if below.
There is a channel within the larger timeframe channel and unless there is an unexpected news event the tendency will be to range within the channels until a breakout occurs
CADCHFThe Canadian dollar is still weak against the Swiss franc. The Swiss franc is very strong, and I see it still in a bearish trend
CADCHF-SWINGExpecting an extended Run after breakout of Major Zones"
5-1010YR: Bearish WF Trend
4YR:3B BO (Bearish)
1Q:Eat the tail (Bearish)
9-11M:First close above the SMA (Bearish)
Note:
1M:1-2 Bullish bar RTM (Bearish)
Last week, a strong support level, now acting as resistance at
Last week, a strong support level, now acting as resistance at 0.46840, was broken. After a retest, the price may slip further down.
