CAD/CHF forum
CADCHF – 4H Timeframe (H4) Technical & Fundamental Analysis
The Bank of Canada maintained its policy interest rate at 2.75% in April 2025, opting for caution amid global economic uncertainties.
Looking at the CADCHF 4-hour chart, The pair is exhibiting a potential shift in momentum after a prolonged selling phase. Price reached a significant low around 0.58400, where it formed a Triple Bottom pattern — a classic reversal signal. This technical structure was followed by a break above the minor resistance level at 0.59500, marking a clear Change of Character (CHOCH) that signals emerging bullish sentiment.
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The Bank of Canada maintained its policy interest rate at 2.75% in April 2025, opting for caution amid global economic uncertainties.
Looking at the CADCHF 4-hour chart, The pair is exhibiting a potential shift in momentum after a prolonged selling phase. Price reached a significant low around 0.58400, where it formed a Triple Bottom pattern — a classic reversal signal. This technical structure was followed by a break above the minor resistance level at 0.59500, marking a clear Change of Character (CHOCH) that signals emerging bullish sentiment.
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just executed short...SCS @ .5974
💯 solid setup...watch this tank 💥
expecting min DD max RR... 📉
EYEBALLING
4H Time Frame is at the next designated marketplace, and theres not much transactions going on yet because its Asian Session.
I am expecting more buyers for CHF later, because CHF has been discounted, and the opportunity to buy CHF is here.
I am not taking this trade, however because I am on a self ban until May, to protect what little I made over this month of April 2025, standing slightly over +2R over three trades. 2 winners one loser.
besides that, the entry time frame is too high. If i were to get an appropriately smaller SL on 1H or even the 15 minutes, I might "consider" entering, just by eyeballing.
1104SGT 24042025

Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on!
however I advise to Place buy limit orders within a 15 or 30 minute timeframe nearest or swing low or high level for pullback entries.
Stop Loss 🛑:
📍 Thief SL placed at the recent/swing low level Using the 1H timeframe (0.58600) Day/Scalping trade basis.
📍 SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 0.61100

Closed my EURUSD trade , hope i hit TP at CADCHF before the news , i'd be done for this week
