CADCHF trade ideas
CAD/CHF H4 | Falling to 50.0% pullback supportCAD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.66845 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.66757 which is a level that aligns with the 61.8% Fibonacci retracement level.
Take profit 1 is at 0.66934 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.01
Take profit 2 is at 0.67044 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.26
Total risk 1.2%
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Technical analysis of the CADCHF currency pairThe price has once again hit the ceiling of the red and black descending channel. At the same time, we see the price hitting the 200-day moving average and the supply range of 0.6700. In general, we see a very strong resistance range, which can result in a price drop.
Note that if the price breaks this range upwards, a very strong buy signal will be issued. Otherwise, we should see a price correction.
CADCHF - 4hrs ( Sell Trade Target range 100 PIP ) 💵Pair Name : CAD/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🔗 Key Technical / Direction ( Short )
Type : Mid Term Swing
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☑️Bearish Break
0.66850 Area
Reasons
- Major Turn level / D
- Major Reversal
- Fibo 1.618 % Golden
- Fixed Low Volume Break
- Visible Range Lov Volume Nudes
☑️Bullish Reversal
0.65750 Area
Reasons
- Major Turn level / D
- Pattern Target
- choch Area
- Ultra Volume / Fixed
- Visible Range LVN
SELL CADCHF for trend reversalSELL CADCHF for trend reversal
update
SELL CADCHF NOW ✅
STOP LOSS : 0.6719
From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too...
there is a bigger chance of a possible reversal from this level...... you are free to contact me directly here and i will respond to all questions
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
CADCHF - 12hrs ( Buy Trade Target Range 130 PIP ) 💵Pair Name CAD/CHF
Time Frame : 12 hrs
Scale Type : line chart + Candle Stick
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🔗 Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break
0.66900
reasons
- Major Turn level / D
- Fixed range Value
- Pattern Break
- Bullish Sign / Engulfing
- trend Line Area
Bearish Reversal
0.68300 Area
Reasons
- Major Turn level
- Choch / D
- Pattern Target
- 3 Quarter High
- Fibo Golden
Bullish OutlookBULLISH OUTLOOK.
Pair is trading in a sharp bullish trend and after days
of consolidation it finally made a break of the previous
high. On the 4 hour time frame, pair has broken
the resistance of the range signaling the bullish strength
and there is a high possibility the trend will continue
to the next closest resistance..
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SELL CADCHF for trend reversal SELL CADCHF for trend reversal
update
SELL CADCHF NOW ✅
STOP LOSS : 0.6676
From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too...
there is a bigger chance of a possible reversal from this level...... you are free to contact me directly here and i will respond to all questions
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
CAD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
CAD/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.662 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
CADCHF Buy!Price has been trading within the given ascending parallel channel since December 2023 . Price is currently near the upper limit of the channel . Just recently price tested the upper limit of the channel and got pushed down . Price’s attempt to go up again suggests either a retest of the upper limit or a general strong upward momentum . Considering the price action , the latter seems more probable . I’ll wait for a clear break of the upper limit of the channel to take a long position with next possible Target being the resistance 0.67145 !!