CADCHF trade ideas
CADCHF Short BiasThe price is currently in a strong position, retesting a key resistance zone, which aligns with the 50% Fibonacci retracement level. Additionally, the 200 EMA is acting as dynamic resistance, reinforcing the bearish bias. Given these confluences, a downside move is anticipated, in line with the prevailing trend.
CAD-CHF Free Signal! Sell!
Hello,Traders!
CAD-CHF has made some
Gains from the recent lows
Just as we expected but now
The pair is entering the
Horizontal resistance area
Around 0.6212 from where
We can enter a short trade
With the Take Profit of 0.6162
And the Stop Loss of 0.6233
Buy!
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CADCHF Will Go Up! Buy!
Take a look at our analysis for CADCHF.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.619.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.623 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Potential bullish rise?CAD/CHF has bounced off the pivot which is a pullback support and could bounce to the 1st resistance which acts as an overlap resistance.
Pivot: 0.61667
1st Support: 0.61189
1st Resistance: 0.62239
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CADCHF Approaching Key Support – Rebound Toward 0.61890?OANDA:CADCHF is approaching a key support zone, marked by strong buying pressure. This area has historically served as a demand zone, suggesting the potential for a bullish reversal if buyers step in.
The current market structure indicates that if the price confirms a rejection from this support zone, there is a high probability of an upward move. I anticipate that if buyers defend this level, the market may head higher toward the 0.61890 target, which represents a logical target within the current market structure. However, a break below this support would invalidate the bullish bias and could lead to further declines.
If you have any thoughts on this setup or see an alternative perspective, feel free to comment!
CAD/CHF Short Setup - Supply Zone RejectionI'm looking at a potential short opportunity on CAD/CHF as price approaches a key daily supply zone, which was previously a demand zone. The pair has been in a broader downtrend followed by a consolidation that went of for weeks, and with the recent break of structure, I anticipate a rejection from this area. My alert is set for when price reaches the supply zone at 0.61954, where I will be looking for confirmation to enter short positions.
Key levels to watch:
Daily Supply Zone: (0.61954)
Target Levels: (0.60550)
Invalidation: If price breaks and holds above the zone
I'll be monitoring price action closely for signs of weakness before executing the trade. Let me know your thoughts!
+20% During The Holidays - Who Said December Was Slow? In this video I break down multiple positions on FX:CADCHF through just the first week of December 2024. I hope this acts as a reminder to never switch off, you cannot afford to. Entering the holiday season early and dropping your guard can cost you a lot of money and potential scale-ups on capital.
CADCHF: Very Bearish Candlestick 🇨🇦🇨🇭
CADCHF formed the insidebar pattern after a test of a strong resistance cluster.
Bearish breakout of its range is a strong intraday bearish signal.
I expect a retracement from the underlined area at least to 0.514 level.
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CAD-CHF Risky Short From Resistance! Sell!
Hello,Traders!
CAD-CHF made a nice
Move up but has hit a
Horizontal supply level
Around 0.6170 area
And we are already seeing
A local bearish reaction
So a further bearish move
Down is to be expected
Sell!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
CADCHF Short: Bearish Continuation with Lows in SightI have taken a short position on CADCHF as the pair continues its bearish trend. Despite the expected 0.25 basis point rate cut from the SNB today, CAD remains weaker overall due to tariff sanctions, adding to the downside momentum. The price action has consistently shown a continuation of bearish break of structures, with clear sell-side pressure. We can observe pullbacks followed by strong sell-offs, indicating sustained weakness. Lows are now approaching a retest, reinforcing the bearish outlook.
CADCHF LQ SWEEP (RED LINES WITH X) Bearish order flow from daily. I look to short at POi with Little risk. Targeting the other side of the range (sell side)
Disclamer: This is not a signal but my view on CC, so do well to check well and do your own analysis. This can be a guide you can use or ignore. Thanks for the support guys.