CHFCAD trade ideas
CADCHF Bearish H&S 4HR Chart still a fair way a way!CADCHF_2024-08-16_01-03-42_72725.png
CADCHF is very weak on Daily & Weekly timeframes price is well below 200ema & 50ema so very bearish on longer t/f's although price is trying to jump from its very low lows yearly.
Head n Shoulders setup to watch on 4hr t/f & is still about 1% further drop to neckline. May play out later this afternoon in New York session.
Cheers
Chris
CADCHF SWING SETUPDue to the risks associated with conflict and recession rumours in the US, investors turn to safe-haven currencies like the Euro and Swiss franc, leading to their appreciation. However, the CHF is currently adhering to a downtrend line, suggesting a potential for bullish movement.
TP and SL are marked.
Swing Setup might require to hold to weeks or months
Risk no more than 1%
Check our other swing setups
CADCHF ShortGot to the system now to find another sweet selling opportunity on this pair, my bias stuck to selling because of the chart pattern i am currently seeing on the pair (head and shoulders) which could possibly result to the crash of this particular instrument.
PS: Scroll a little downward you will realized i already posted about this pair for a short opportunity which i was unable to find my entry for that day, but now the opportunity has presented itself. 😍😍😍
NB: This does not means the trade will surely win, 😂 that is the funny thing about forex.
Easy +50 Pips On CAD/CHF , Did You Enter ? Here Is our first +50 Pips From this trade , if we can stay below this Res For Today and tomorrow , the price will go down hard
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
$CADCHF | Buy Trade | Market Exec |Technical Confluences:
- Price action is close to the 50% Fibo extension from the beginning of time
- Price action is bouncing off a strong Demand Zone to prevent a new all-time low
Fundamental Confluences:
- Higher interest rate environment compared to CHF will induce re-opening of carry trade positioning
- Canada being an oil commodity nation, will have the strength of oil to keep their GDP sustainable
- Even if the global economy weakens, oil will likely maintain it's pricing with OPEC and OPEC+ holding back supply
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Putting on a Long position in OANDA:CADCHF (1st Entry)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Best Place To Short CAD/CHF To Get 200 Pips ! Ready For It ?The Price At Very Important Res Area That Was A Great Support For This Pair For Long Time So I Think It Will Push The Price To DOWNSIDE Very Hard In The Next Few Days If We Can Close Below It Today And Tomorrow .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CADCHF ShortAfternoon from this side guys, here is my take on this pair. i am looking to go short on this particular instrument because of where the market is at, and in confluence to my level i can see a pattern of double top being printed by the candles. so currently i am waiting for the current candle to signal my entry in the next few hours.
CADCHF Will Go Lower From Resistance! Sell!
Take a look at our analysis for CADCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.631.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.626 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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