Heading into 61.8% Fibonacci resistance?CAD/CHF is rising towards the pivot which is a pullback resistance and could reverse to the 1st support.
Pivot: 0.61595
1st Support: 0.60808
1st Resistance: 0.62223
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CADCHF trade ideas
CADCHF long/buy 1:11 probability! Hello everyone
Looking forward to investing in this pair.
1. 5 waves complete structure
2. Ending diagonal
3. Break of low (High probability of move starting)
4. Liquidity build up at the HL needs to be cleared
5. MACD Divergence
Entry: Current Market Price 0.61485
SL: 0.53243
TP: 1.50000
NB: REMEMBER, IT"S AN INVESTMENT!
PLACE THE TRADE AND FORGET ABOUT IT
CADCHF- Buy IdeaCADCHF has just formed a "Double Bottom" at weekly and monthly time frame, accompanied by a bullish RSI divergence on the weekly chart. Seasonality indicates bullish momentum after mid-March to the end of April. Look for Buy opportunities on confirmation or you can look for buy on the current level if you are an aggressive trader.
Bullish rebound?CAD/CHF is reacting off the pivot and could rise to the 1st resistance which is a pullback resistance.
Pivot: 0.60775
1st Support: 0.60371
1st Resistance: 0.61583
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
CADCHF – BUY Side Technical Analysis🔹 Support & Resistance:
Strong support zone observed around 0.61170 - 0.61150 area.
Price has rejected this zone multiple times with strong bullish candles (pin bars / engulfing).
Resistance now lies near 0.61170 - 0.61150 – potential target zone or area for partial profit booking.
Trade Setup : CADCHF BUY
Entry: Break & retest of 0.61170 zone
SL: Below last swing low 0.60938
TP1: 0.61504
TP2: 0.61787
TP3 (Extended target): 0.61860 (based on higher timeframe structure)
CADCHF: Bullish Reversal with Falling Wedge & Strong Signals!The CAD/CHF pair is currently trading at a critical support level, showcasing multiple bullish technical signals that suggest a potential reversal. A falling wedge pattern has formed, which is typically a bullish reversal pattern, indicating that the selling pressure may be losing steam. Additionally, a bullish divergence on momentum indicators points to weakening downward momentum, while an inverted hammer candlestick further strengthens the case for a trend reversal.
Adding to the bullish narrative, data from MyFxBook reveals an overwhelming market bias: 95% of traders are long, while only 5% are short. This extreme sentiment, combined with the technical setup, could signal a strong upward move.
Always remember to manage risk and confirm signals with additional analysis.
CAD/CHF BEST PLACE TO BUY FROM|LONG
Hello, Friends!
The BB lower band is nearby so CAD-CHF is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 0.626.
✅LIKE AND COMMENT MY IDEAS✅
CADCHF Will Explode! BUY!
My dear followers,
This is my opinion on the CADCHF next move:
The asset is approaching an important pivot point 0.6154
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6193
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
CAD/CHF - Strong Buy Trade IdeaHi all,
Looking at this solid swing trade on CAD/CHF.
Previously price has had a strong push down and we have seen a confirmed Liquidity sweep. We have noticed a movement from this key level where buyers keep stelling in.
Post this larger bullish movement we have made a solid Unmitigated Demand zone which I would like to buy from and hopefully look at going for a Breakout Trade to capture Buy side Liquidity.
Once price takes out the PSH I will look to add more positions
Good luck to any traders that follow
The chart shows my estimation of CadChf's price action The chart shows my estimation of CadChf's price action based on Elliot wave perspective coupled with waves RSI and Ichimoku cloud properties .
I also use KCT (Kennedy Channeling technique )and Fibonacci.
Here the fifth wave is running with its extension into minor five waves .
We could see price bounce after the completion of the Last minor fifth wave .