Trade report of 11-1CADCHF: the long-term trend is down. But since last week there seems to be a small uptick in the trend. We have enabled the system for a buy series.
CHFCAD trade ideas
M30 | CADCHF | SELL TRENDHello everyone ...
Use good trade management only thing important in Trading is how you manage your trade...
WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT..
.. good luck..
Smart money concept strategyI believe it will go short as it has hit a supply level and then take out the liquidity before reaching the demand order block and heading all the way up and collect all the liquidity above.
Major Correction Looms for Key CHF Pairs, Big Moves Ahead?I've been keeping an eye on this pair for some time now, especially since it broke down and stayed below the long-term range set after the 2015 crash.
We're now nearing an important point - the 2015 depeg low, which might vary based on your broker. In my experience, Forex.com offers more reliable data, showing a depeg low just under 0.61.
It's pretty interesting to see that all the CHF pairs are shaping up similarly, forming bottoming patterns as they get closer to their respective depeg lows. Even CHFJPY is hitting a significant point at 170.
With everything that's been happening globally, CHF has been a go-to safe haven in recent years. But looking at these pairs, I'm thinking there's a big correction coming soon, with a lot of CHF selling across the board.
Here's my plan for capitalizing on this with this particular pair, as I'm expecting another dip towards the depeg low.
On the daily charts, you can see the price slowly edging down, with a notable drop at the end of last month. This happened during the holiday season, when markets can be a bit erratic, showing spikes due to volatility. (check out the image below)
If you zoom in on the weekly chart, there's a clear falling wedge pattern forming as the market grinds down. Each new low seems to attract buyers, hinting at a potential shift and weariness in selling.
My strategy for this pair is straightforward. I'll be watching my TRFX indicator on the daily charts from now on, building a big position every time the indicator gives me a signal at or below the current price.
My first target is the 0.68 resistance, the previous bottom of the long-term range. I'm expecting a bit of a reaction there, then a push back up into the range, aiming for the top at 0.74.
To confirm this final target, we'd need a strong weekly or monthly close above 0.68.
Given that all these pairs, including the CHF futures chart (image below), are showing similar patterns at key resistance points (depeg high), this could turn out to be one of the best trades of the year. But it's crucial to wait for the right entry signals.
I'll keep you posted as these positions develop. Hope you found this interesting!
H4 Bearish Break OutUsing Bollinger Bands indicator we can see:
- W1 is bearish, phase 3
- D1 is bearish, phase 2
- H4 proper bearish breakout
CAD/CHFWe can initiate a long trade right now, but it is advisable to open a buy trade between 0.63000 and 0.6330. If we open the order to buy now, we must put our stop loss below 0.9290 to allow for price fluctuations.
BUY CADCHFConsider buying CADCHF based on historical seasonality trends. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
CADCHF: longif we hit the demand zone at the price of around 0.6339, I'll enter a long position for an RR of 2 with a stop loss at 0.633
CADCHF SHORTSMarket Structure is Bearish on Higher Time Frames
Price made new all time Lows Last week, so no much structure on Weekly
Using the the previous weekly rejection wicks as Support
Daily Rejection Candles at The AOI
Broken Daily Support
Around Psychological Level
Strong H4 Support aswell
REMEMBER: Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
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CADCHF - Bullish after Divergence?CADCHF is showing strong bullish signs after making a bullish divergence on the RSI and printing new higher highs and higher lows. Entry can be taken at CMP (0.5 Fib retracement), stop loss below the previous Higher Low and TP at 1:1 Risk Reward.
CADCHF Weekly AnalysisCADCHF is at its all time low!
It's currently breaking its lows, if this continues this could trigger a heavy move downwards
CADCHF SELL SETUPi expect to sell at H4 supply zone since daily and weekly timeframe both are in downtrend
TriggerI dont usually trade this pair but we have targets to hit so Im on the hunt for anything and everything
CAD/CHF BEARS ARE STRONG HERE|SHORT
Hello,Friends!
It makes sense for us to go short on CAD/CHF right now from the resistance line above with the target of 0.635 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
CADCHF - Power of ThreePower of Three.
Not very convinced of this yet because the only signals we have is a Daily Hammer on oversold condition.
There are some bullish flows coming in, and pattern wise does have the conditions of a PO3.
Overall I think more than 50% probability of working out.
Manage risk and good luck.
LONG CADCHFThis is my Analysis about CADCHF. According to that, market should move upward after a period of consolidation. I think little bit risky..🙂
SELL POTENTIAL AT CADCHFCADCHF | H4
Sell Limit 0.64290
TP 0.63039
SL 0.64800
Reason:
1. Break of Structure✅
2. Liquidity Swap✅
3. Take Inducement✅
4. Fair Value Gap✅
5. Imbalance✅
Weakness:
Already swap Sellside Liquidity
CADCHF - Bearish ReversalThe pair have started breaking the bearish rally by crossing above the last lower high. The market sentiments are calling for a long trade. Plus, bullish Divergence is found. The levels are marked. Let's hope the trade goes as planned.
CACHF SHIFTING TRENDS we have a high probability to see the CADCHF switching trend we have a big candle shot up, and that is most likely is the impulse up wave start of it, the Volume show a big sold off with a green bar. so right now we could just wait for a any pull back or correction down...
CADCHFCADCHF on the weekly chart have completed the wave cycle n poised for rebound.
Technical indicators on lower TF of 4hr shows promise.
My opinion.
CADCHF RECTANGLE CHANNEL CADCHF is currently trading within a rectangular channel, marked by boundaries of support and resistance levels. The Upper Trend Line Breakout is at 0.68317, and the Lower Trend Line Breakout is at 0.64586.
A break through the boundaries of these trendlines will validate the rectangular channel pattern.
Short in CADCHFI am currently in a short position on CADCHF as the price has reached a supply zone.
A supply zone is an area on the chart where selling pressure is expected to exceed buying interest, potentially leading to a reversal or continuation of the bearish trend. In this case, the price has touched the supply zone, indicating a potential selling opportunity.
To support my decision, I have also considered other technical factors such as bearish candlestick patterns or indicators that suggest a potential downward movement. By analyzing these factors, I believe that the supply zone is a significant level where sellers are likely to step in and drive the price of CADCHF lower.
As a responsible trader, I will continue to closely monitor the market and adjust my strategy accordingly. I will be watching for any signs of a reversal or potential support levels that could impact the downward movement of CADCHF.
Risk management is crucial in trading, and I will maintain a disciplined approach by using appropriate risk management tools such as stop-loss orders and having a plan in place to protect my capital.
In summary, I am currently holding a short position on CADCHF based on the price reaching a supply zone. I will closely monitor the market and make informed decisions to maximize potential profits.
Please note that trading decisions should be made based on your own analysis and risk tolerance. It is always recommended to consult with a financial advisor or conduct your own research before making any trades in the financial markets.
