Institutional candle sticks These ones have stop loss hunt they are .the market comes back two times for these ones
CHFCAD trade ideas
CAD/CHF: Bearish Harmonic Pattern at Key Resistance LevelThe CAD/CHF currency pair is presenting a compelling shorting opportunity based on a confluence of technical factors. A Bearish Harmonic Pattern is currently unfolding, with Point D, also known as the Potential Reversal Zone (PRZ), situated at a critical resistance level. This strengthens the bearish case as price tends to find rejection at these confluence zones.
Harmonic Pattern and Resistance:
The specific Bearish Harmonic Pattern in development is not explicitly mentioned, but the key takeaway is the presence of Point D at a resistance area. This area has previously acted as a barrier to price advancement, and a retest often leads to a reversal. The confluence of the pattern completion and resistance adds significant weight to the bearish bias.
Bearish RSI Divergence:
Further bolstering the bearish case is the presence of Bearish RSI Divergence on both the 1-hour and 4-hour timeframes. RSI divergence occurs when price makes a new high (or low) but the RSI indicator fails to confirm the move, printing a lower high (or higher low). This divergence suggests a weakening bullish momentum, potentially leading to a price reversal.
Trendline Support Turned Resistance:
Adding another layer of confirmation is the fact that Point D coincides with the 4-hour trendline. This trendline, which was previously acting as support, has likely been broken and is now functioning as resistance. This reinforces the notion of a bearish shift in momentum.
Entry, Stop Loss, and Take Profit Levels:
Based on the confluence of technical indicators, a short trade is recommended with the
following parameters:
Entry: 0.66710
Stop Loss: 0.67025 (placed slightly above the broken trendline resistance)
Take Profit Levels:
TP-1: 0.66395
TP-2: 0.66080
TP-3: 0.65765 (These profit targets are strategically placed at key technical levels or at a predetermined risk/reward ratio)
Risk Management:
It's crucial to employ proper risk management techniques for this trade. The stop loss should be placed above the broken trendline resistance to account for potential retracements. The take profit levels offer a favorable risk-reward ratio, allowing for potential profit even with a conservative approach.
Conclusion:
The CAD/CHF presents a strong shorting opportunity based on a Bearish Harmonic Pattern, Bearish RSI Divergence, and a broken trendline acting as resistance. The confluence of these factors suggests a high probability of a bearish reversal. However, as with all trading strategies, proper risk management is essential.
CADCHFIs CADCHF exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.6630
What you guys think of it?
Cadchf 📊🚀In the name of the Merciful God, hello, once again a beautiful pattern of this currency pair came to my eyes and I quickly thought of sharing it with you for free. I hope you enjoy it. 😉
CADCHF - 2 scenarios ✅Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: As we can see here price is in a range for the last couple of weeks. I have 2 scenarios here, if price rejects from resistance I expect downside move to support, but if price breaks the resistance with bullish candle on daily, I will look for a buy.
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CADCHF - 4hrs ( Buy Trade Target Range 140 PIP ) ☑️Pair Name : CAD/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
⚙️Bullish Break
0.66900 Area
Reasons
- Major Turn level
- Channel Break / Middle Band
- Traingle Break
- Visible Range Hvn Area
- Quarter High Area
- Day / Week High Break
- Fibo Golden
⚙️Bearish Reversal
0.68300 Area
Reasons
- Major Turn level / D
- Pattern Target
- Major Channel Upper Band
- Fibo Golden Zone 1.618 %
- Choch Zone
- 2 Quarter High Area
Long positions unlock the Godzilla mode Take your time and study these things until your eyes can see them .1hr analysis. Waiting for the market is key to success
CADCHFThe CAD/CHF pair is expected to move to the bearish side as it recently touched the symmetrical triangle resistance trendline, completing the Elliott Wave 4th wave. With the 5th wave now anticipated to move downward, this aligns with the technical analysis signaling further downside momentum.
CADCHFBias Bullish.
NB: cad news later on which could potentially take out lows below. Overall expecting price to distribute higher to the Asian highs. There could be an entry after the news. Previous Weekly highs are the ultimate target.
The psychological part of trading is what makes it difficult. If you able to work on yourself (all other factors constant) it could be liveable.
Potential bearish drop?CAD/CHF is rising towards the pivot which has been identified as a pullback resistance and could potentially fall to the 1st support.
Pivot: 0.66890
1st Support: 0.66482
1st Resistance: 0.67215
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✅CAD_CHF LOCAL SHORT🔥
✅CAD_CHF is trading along the falling resistance line
And as the pair is going down now
After the retest of the line
I am expecting the price to keep falling
With the target of retesting the demand levels below at 0.6670
SHORT🔥
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CANCHF now it making Top 3 it will go down so far. and it will break down . now it trying to go down.
CADCHF: Short Trade with Entry/SL/TP
CADCHF
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell CADCHF
Entry Level - 0.6676
Sl - 0.6692
Tp - 0.6648
Our Risk - 1%
Start protection of your profits from lower levels
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CADCHF at an interesting spot. Watch out for CAD data this week!#CADCHF EASYMARKETS:CADCHF
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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. easyMarkets 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.
Could CAD/CHF drop from here?Price is rising towards a resistance level which is slightly above the 161.8% Fibonacci extension and could potentially drop from this level to our take profit.
Entry: 0.66883
Why we like it:
There is a pullback resistance level which is slightly above the 161.8% Fibonacci extension.
Stop loss: 0.67211
Why we like it:
There is a pullback resistance level which aligns with the 127.2% Fibonacci extension.
Take profit: 0.66482
Why we like it:
There is an overlap support level.
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CADCHFmy idea for CADCHF
As price hit resistence area and rising wedge expect to fall pls like for support
CADCHF: The Harmonic Pattern Can Push CADCHF Up AgainCADCHF: The Harmonic Pattern Can Push CADCHF Up Again
Today CADCHF completed a small harmonic pattern on the 60 min chart.
The price stopped and reacted well.
This is raising the chances for a bullish wave in the coming days.
We have to consider that 0.6600 is also a strong psychological area and it adds more value
to our analysis.
You may find more details in the chart!
Thank you and Good Luck!
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BUY CADCHF - trade idea explained in detailTrader Tom, an investing.com technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
CADCHF SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
CADCHFThis Weekly FORECAST
Opportunity for CADCHF. This setup trading idea is for swing. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
CADCHF short ideaBearish idea,
Trend line sugests a downtrend
possible M pattern
Rejection from a big Resistance zone
CADCHF SHORT/SELLHello traders
CADCHF is another trade I'm looking at
* Ending structure forming (B wave with 5 waves)
* MACD divergence
* ORDER BLOCK @ 0.67200 level
* Unfilled gaps at the bottom
* CHF CPI News on Thursday (04/04/2024) MIGHT BE THE TRIGGER
ENTRY: 0.67200
STOP LOSS: 0.67380
TAKE PROFIT: 0.65346
