STRONG SUPPORT ZONEim expecting bullish trend for few weeks but im still waiting for a triple bottom before we push up to TP1,TP2 & TP3.
NB: NO REVERSAL PATTERNS NO ENTRY.
CADCHF trade ideas
CADCHF-IN BULLISH TRENDCADCHF in 4h is in a bullish trend and making a series of HHS and HLs, price breaks the parallel channel and now in a bullish trend, what do you guys think? let me know.
CADCHF: 10/11/2023:🔴Sell opportunity🔴Please pay attention we need LTF confirmation to execute the sell position.
If you have questions feel free to ask.
💡Wait for the update!
🗓10/11/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
Bullish BiasPrice have been seen consolidating for the past 12days or so, a breakout to the upside suggested a bullish cadchf. This has also been seen bouncing on Fib levels and so our target is Fib level 61.8 of the major previous treand
Bullish BiasAfter a long consolidation, finally a breakout and a retest occurred. One swing trade am in til the lat target
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
ICT + NDS strategi CAD/CHFits just my idea.dont trade it but thinnk about 86.2 fibo and check power of nds and ict to gether
#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.
CADCHF - Towards to the last trough zoneCadChf has created its short term downtrend after reached the resistance of 0.66. Yesterday this pair has also broken the support level of 0.653. Therefore, the strong momentum of Chf may lead CadChf toward to the last trough zone of around 0.649 in the upcoming hours.
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 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.
by the way If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
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.
