CADCHF ; Bullish retracementThe confluence of technical resistance levels at around 0.6650 suggests a potential buying opportunity. We can consider buy orders with targets at 0.6640.
CADCHF trade ideas
#CADCHF buying opportunityAs depicted in the chart, the price successfully broke above a range-bound area yesterday. This pattern, known as the "line formation" in Charles Dow's trading strategy, represents the only tradable Daily time frame pattern based on Dow's principles. We are currently waiting for the price to retest the previously broken resistance, with the expectation that it will now act as support.
To maintain our position and adjust our stop loss in line with this bullish trendline, it is essential for the price to remain above our short-term trend.
In order to manage our Risk-to-Reward ratio effectively, we have decided not to initiate a position until the price reaches our designated support level. At that point, we will be on the lookout for bullish price confirmations.
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cadchf long setupbad news coming out from cad which doesn't favour this trade but the setup has a high rr potential. unless price opens up with a gap under last week low it is valid.
target area is
65.480
66.00
67.700
CADCHFIn the context of a supply and demand strategy for the CAD/CHF currency pair, we observe that the price has reached a demand zone after breaking through a significant market structure. Our objective here is to identify a strong upward momentum, indicating that the price might either touch the supply zone or potentially break above it.
cad-chfcad-chf supply demand strategy we see that the price is touchin the demand after breakin the strocture we are lookin for a long momentum to see if it touches the supply or even break above it
CADCHF - Bearish ReversalThe pair have started breaking the bearish rally. The market sentiments are calling for a long trade. Plus, bullish Divergence is found. The levels are marked. Let's hope the trade goes as planned on 1:2 Risk to Reward.
CADCHFCADCHF just entring into the bullish trend.
Bullish divergence also form in RSI.
Which indicates trend will be reveral from here.
We wait and watch for the breakout of last LH.
CADCHF Possible Bullish Move CADCHF Showing Hidden Bullish Divergence which indicates bullish trend reversal also there is strong demand zone just wait for proper evidence or rejection from demand zone and fibonacci level 0.5
CAD/CHF SHORT CADCHF bounced from a major support level on the 4 hour time frame, and also bounced from the upper trend line of a bearish channel on the daily timeframe chart
CAD to be volatile during BoC interest rate decision today (25/10/2023)
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.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a breakdown of your pip value in ZAR and Dollars
0, 01 = $0,10c
0. 05 = $0.50
0.10 = $1.00
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Let's say your broker gives you 1:500, and you open 0,2 size, How much are you exposing? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long-term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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CadchfThis has already bounced as expected at the box. With SL sitting below X let's see how it goes
CADCHF Next Position Here is the very Clearly Visible that there is a buyer who is Buying very hard. The pullback looks very weak , I think the Seller are exhausted. Hence looking for Buy position on this. Let see how it unfolds
CADCHF BuyHere, it is very clearly visible that there is a buyer who is buying very hard. The pullback looks very weak, I think the sellers are exhausted. Hence looking for a buy on this. Let see how it unfolds
CADCHF LONG long opportunity or buys
Look for a retest of price
SUPPORT should form around .65200
Island Reversal Pattern
CADCHF LONG TERM Buying TRADEHello Traders
In This Chart CADCHF HOURLY Forex Forecast By FOREX PLANET
today CADCHF analysis 👆
🟢This Chart includes_ (CADCHF market update)
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Short CADCHF! I am looking to take a potential sHort opportunity on CADCHF! 85% of readers are long at the moment & I prefer to trade against the majority! Currency strength is also showing a weak CAD and strong CHF. Let's see how the probabilities play out!
CADCHF H4 | Bullish continuation off 50% fibo?Price could bounce off our buy entry at 0.6563, which is an overlap support level, aligning with the 50% fibo retracement. We could also have a late entry at 0.6573, which is slightly above our buy entry for the bullish continuation trade. Our stop loss is at 0.6522, which is below the swing low support level. Take profit is at 0.6617, which is before the overlap resistance level that aligns with the 78.6% fibo projection and 38.2% fibo retracement.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
CADCHF H4 | Bullish bounce off 50% fibo?Price is at our buy entry now at 0.6526, which aligns with the 50% fibo retracement and is a pullback support level. Our stop loss is at 0.6484, which is below the multi-swing low support level. Take profit is at 0.6561, which is at the swing high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
BULLISHHHHow now, traders? Check out this pair's complete analysis. If you get any kasala (questions), drop them for comment section below. We go only enter if all our strategy rules dey comply. Abeg, put eye well on this pair for your watchlist and see if e dey follow your strategy. You still fit check the Risk Notice below.
Cadchf setupCadchf is Trending bullish we had a break of consolidation n formation of a HH then break of HH n formed a new HH then we had a retest n on weekly tf we have a tripple bottom
CADCHF - LongBuy, strong support Held on daily time to buy. Support Held at higher price than previously. This could be a huge long opportunity
