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CAD/CHF

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CADCHF trade ideas

CAD/CHF Long/Buy CADCHF bounced from a major support level on the daily time frame, and also bounced from the upper trend line of a bearish channel on the daily timeframe chart. We expect the pair to re-test the key support levels listed on the chart, We taking this trade based on technical analysis and candlestick patterns. These are long-term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Use proper risk management depending on your account size. TRADING RULES: Rule 1: Once the market reaches Target 1, close some of your trades/positions or Move your STOP LOSS price to ENTRY price (break-even) for safe trading. Rule 2: Once the market reaches Target 1, never place a new trade again on the same signal/alert. Rule 3: When the market is consolidating for more than 2 days, please close the trade and wait for the next good opportunity trade signal/Alert. Please like and share for more useful content:
Long
by Pro-Trading-Africa
BULLISH THESIS💡We have been seeing layers of support after the CADCHF broke through its boxed consolidation as it approached the stong demand. I call that the rally base demand ,price currently as retraced back to that area and rejected hence the buying pressure as of today .what I want to see price do is to keep its bullish momentum and as it approaches the next strong area of resistance Its pullback is where I looking forward catch some longs. This has been a slow week, hopefully Friday might round it all off . Tell me what you think
Long
by ombejonathan
#CADCHF here we go again. Hello dear traders and friends, Let's take a look at CADCHF chart once more time and see the potential buying opportunity in this pair. Last week, if you recall, the price managed to break above the 4-hour timeframe range area, and we were waiting for a price pullback to initiate a long position. This pullback indeed occurred, and we were able to secure a favorable position at the location marked by the previous green up arrow. You can review that trading idea by following the link below. Once again, the price has reached the support area, which also serves as a 4-hour low. This means that for the bullish market structure to be maintained, the price should not close below this low. Otherwise, there is a possibility for the price to move towards the lower low. For a more conservative approach to entering a position, we recommend waiting for a breakout above the short-term bearish trendline . This is a safer method for participating in the market, and if you observe a valid bullish breakout, you can set your stop-loss below the low. The alternative and more aggressive method for trading this idea is to monitor the price at the current area and watch for rejections from the low. These rejections signify that the significant bearish candle is a false downside breakout intended to trap sellers and trigger buyers' stop-loss orders. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
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