CADCHF: Bull Trap & Confirmed Bearish Movement 🇨🇦🇨🇭
CADCHF looks bearish after a false violation of a key horizontal
daily resistance.
The price formed a strong bearish imbalance
and violated multiple intraday supports.
I think that the pair will reach 0.6276 support soon.
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CADCHF buyprice stayed under the strong level
higher high is made after bullish impulse
so continuation is expecting
CADCHF Signal : 1H / 4H :SHORT !!!!CADCHF 1H
Market price : 0.6326
Sell limit : 0.6330 - 0.6350
Tp1 : 0.6300
Tp2 : 0.6260
Tp3: 0.6200
Tp4 : 0.6120
Sl : 0.6380 ( 40 pip )
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Remember this is a position that was found
Potential Long Opportunity on CADCHFSome confluences I think will cause this pair to go long:
- Valid trend line broken on Daily Time frame.
- Price couldn't make a lower low on Daily
What do you think?
Could the price reverse from here?CAD/CHF is rising towards the pivot which is a pullback resistance and a reversal from this level could indicate a double top pattern which might lead to a potential price drop to the 1st support.
Pivot: 0.63555
1st Support: 0.63121
1st Resistance: 0.63754
Risk Warning:
Trading Forex and CFDs ca
CADCHF: Support at 0.382 Fib Level with Bullish DivergenceCADCHF has found support at the 0.382 Fibonacci retracement level and is forming a bullish divergence. This technical setup indicates potential upward momentum.
CAD/CHFhello traders, the condition of the market is very interesting and beautiful, the market is in a rejection state and it looks very clean, we can wait a little and get confirmation and try to buy from the specified zones
cadchfhi Traders, Market structure of cadchf is more likely to have a retracement on a higher tf, like daily and 4 hour TF, however, price may take supply area if you want to go short, and wait till price hits the below liquidity
CADCHF: Rejection at Key ResistanceCADCHF faced a strong rejection at a key resistance level, indicating potential downward movement.
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of CHFCAD is 1.5624 CAD — it has decreased by −0.78% in the past 24 hours. See more of CHFCAD rate dynamics on the detailed chart.
The value of the CHFCAD pair is quoted as 1 CHF per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 CHF.
The term volatility describes the risk related to the changes in an asset's value. CHFCAD has the volatility rating of 0.95%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CHFCAD showed a −1.06% fall over the past week, the month change is a −2.11% fall, and over the last year it has increased by 0.92%. Track live rate changes on the CHFCAD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
CHFCAD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade CHFCAD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with CHFCAD technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the CHFCAD shows the sell signal, and 1 month rating is buy. See more of CHFCAD technicals for a more comprehensive analysis.