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SWISS FRANC / CANADIAN DOLLAR

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CHFCAD trade ideas

BUY CADCHF for uptrend continuation BUY CADCHF for uptrend continuation STOP LOSS : 0.6614 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Long
by BALE_FX
SELL CADCHF for trend reversal SELL CADCHF for trend reversal update SELL CADCHF NOW ✅ STOP LOSS : 0.6732 From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too... there is a bigger chance of a possible reversal from this level...... you are free to contact me directly here and i will respond to all questions TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Short
by BALE_FX
7 Dimension analysis CADCHF😇 7 Dimension Analysis Time Frame: H1 1️⃣ Swing Structure: Initially bullish with proper Breakout of Structure (BoS), now showing a corrective move after inducement, possibly heading towards extreme swing area of correction 🟢 Internal Structure: Bearish 🟢 Ext POI: Unmitigated 🟢 Support & Discounted: Same area, drawing a Trendline break upside for additional confirmation 🟢 CHART PATTERNS: Double top reversal formed 🟢 CANDLE PATTERNS: Inverted Hammer with long wick, strict engulfing, fakeouts observed 🟢 Volume: High buy volume at POI area, good volume on breakout but none on fakeout 🟢 Momentum RSI: Bullish zone, momentum shifted from bullish to sideways, bearish divergence at the top, with loud moves and overbought rejections observed 🟢 Volatility Bollinger Bands: Contraction started, squeeze breakout expected in lower side, walking on the band anticipated with headfake, W patterns, and band puncher observed 🟢 Strength According to ROC: CAD stronger than CHF 🟢 Sentiment: Fully bullish ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ☑️ Candles Behavior: To be observed once price reaches the level ☑️ FIB Trigger event: To be updated once occurred ☑️ Trend line breakout: To be updated when necessary 💡 Decision: Buy 🚀 Entry: 0.6658 ✋ Stop loss: 0.6646 🎯 Take profit: 0.6699 😊 Risk to reward Ratio: 3.5 🕛 Expected Duration: 5 days 📚 SUMMARY: The analysis indicates a bullish sentiment with various patterns and candlestick formations suggesting a potential buying opportunity. High volume at the POI area adds to the bullish bias, with attention drawn to key events like FIB trigger and trend line breakout for updates. Traders are advised to monitor candle behavior upon reaching the specified level and consider a buy position with a favorable risk-to-reward ratio of 3.5 over an expected duration of 5 days.
Long
by Optimum369
CADCHF Short Trade Setup A #short trade opportunity recently presented itself on the #loonieswissy (#CADCHF) #trading chart 📉. This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.66868 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 0.65000 psychological level and possibly testing the strength of the 0.64840 horizontal support level. As always, please apply appropriate risk management. Happy trading! #crosspair
Short
by charles-okoukoni
2
CADCHF: Important ZonesTraders, D: 4h: Our strategy for this pair involves positioning our orders strategically below the liquidity hunt. By placing our orders in this manner, we aim to capitalize on potential market movements following the liquidity hunt, maximizing our chances of entering favorable positions. As we await the release of Canadian Retail Sales data, it's crucial to remain mindful of its potential impact on market direction. Should there be any notable surprises in the Retail Sales month-over-month figures, it could prompt shifts in market sentiment. Particularly, figures below -0.2% may pose risks to the current trend, while numbers exceeding 0.3% could warrant reassessment of our current zones. Stay informed and prepared to adjust your trading strategy accordingly based on the outcome of the data release. Best regards,
Long
by AliSignals
SELL CADCHF for trend reversal SELL CADCHF for trend reversal update SELL CADCHF NOW ✅ STOP LOSS : 0.6691 From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too... there is a bigger chance of a possible reversal from this level...... you are free to contact me directly here and i will respond to all questions TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Short
by BALE_FX