CADCHF Idea D1Here is my analysis for CADCHF on D1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
CHFCAD trade ideas
CADCHF Exhaustion Longer Term LongI've been tracking the selling of this pair for some time and I think it's time for a correction. Yesterday we saw a big sell off presumably to clear out some stops which lead to buyers coming in and an interesting daily candle close. That's just the story but if you're looking for technical evidence it's lining up nicely with the parallel dynamic support/resistance trendlines as a great place for long entries giving good risk reward for those willing to wait it out.
Failure Divergency Trade ReviewIn a failure Divergence pattern, "RSI" and "SlowStoch" indicators did not keep moving up and broken the previous up trend support lines. It could be a warning to exit the long trade.
In a correct Divergency movement, the Price was positively moving to correct direction without broken the support line in "RSI" and "SlowStoch" indicators.
CADCHF ------ MAKING REVERSAL INDICATION CADCHF is now in a bearish trend as i mention the target so you can take a long position in biuy to a projected target.
How Buyers Trapped Beautiful Chart to Learn .
I can discuss this chart with you for a longer period of time because there is so much learning in this chart, why this chart is important for a Trend follower,
for a candlestick pattern (Bullish bearish Engulfing, Doji, Three Black Crow, etc.)
and for a pattern lover( Channel, Wedge, Pennant, Triangle, Rectangle) because it has everything in the chart but how to have a close eye without getting biased each and every time you just need to perform your learning without any emotions.
on 16 June 2022, the candle is made telling everybody that the trend has been changed
from there on-wards, if you place have Fibonacci almost each and every time it gets retraced from 50% so on and so forth at held its direction firm and it does the same which a trend should do.
From November 4th onwards again continues in its original direction
if you think that the 3rd October candle is telling you to change the direction, but when you see the 22nd September candle you will understand that on 3rd October the candle which has complete buyers is still overshadowed by the 22 September candle, this tells that trend is still Bearish.
the most interesting part happened from 20 December 2022 to 2nd of March
when the price was in the Zone of (0.67750-0.69735)
where I think how they Created Buyers Trap each and every time and how high frequency trades each and every time were placed there because there were limit orders placed and each and every time they fill the orders you can see just by looking at the wicks,
you can clearly see if buyers have potential then they could break the upper part of the rectangle which was made by the price but couldn't hold Levels
if you see 27 February to 3rd March then you can clearly see they again established the bearish Phase and they had the upper hand so they Take the price Down and Broke the recently made support Zone which is around 0.67750
and when they broke its level there is a Marubozu candle just telling you completely that sellers are in full control.
There is so much in this chart Learn and Practice.
Please Watch Closely and there is So much.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Long CAD/CHFThe price has touched the long term big sideway channel bottom line area. There are some support in this area, so the price is wondering in this bottom area.
The RSI and Stoch RSI indicators in 16 Hours timeframe are showing divergence pattern.
I predicate the price would go to North and the idea take profit area is the big side way channel top line area on Feb 11, 2024.
If the price continuing breakout the sideway channel bottom line to South, then, we should stop the long trade.
Short in CADCHF
"I am currently in a short position on the CAD/CHF pair due to the price reaching a supply zone where it is highly likely that the price will decline. After careful analysis, I have identified a significant resistance level in the form of a supply zone, where selling pressure is expected to outweigh buying pressure. This area indicates a strong selling opportunity, as it suggests that there is a higher probability of the price reversing and moving downwards. By taking a short position, I am aiming to capitalize on this potential downward movement and maximize my trading profits. I will continue to monitor the price action closely and adjust my position accordingly to manage risk effectively."
CADCHFCADCHF is trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and getting ready to break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 0.6450 region.
Will the bulls take charge again continue for leg higher?
CADCHF H4 | Bullish breakoutThe price could breakout of the buy entry and rise higher to the take profit level.
Buy entry is at 0.64577 which is a pullback support.
Stop loss is at 0.64268 which is a multi-swing low support.
Take profit is at 0.64915, which is the multi-swing high resistance that aligns with the 78.6% Fibonacci retracement level.
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
CADCHF Looking bullish based on my anylsisBullish outlook for 25 to 29 December,bearish also expected.
⚡️CADCHF CMC TRADING ⚡️ CHOCH & DEMAND FOR REVERSALCADCHF is currently situated within a major demand zone characterized by the creation of multiple equal lows. A recent observation of a ChoCh pattern is a notable indicator for a potential reversal continuation. Anticipating a rally, our expectations extend towards the recent Order Block (OB) and potentially beyond, targeting the identified Major Supply zone.
CADCHF-bias long Bullish indications:
Double bottom formation in 1 hr time frame.
Major support respected.
Higher low made a bullish engulfer candle.
Trend line resistance break out.
Morning star candle in 4 hr time frame from support.
Currently in ascending channel.
Trade plan bias long @ 0.64643
SL:0.64414
TP1:0.64871
TP2:0.65072
CADCHFCADCHF is currently sitting on a 4day chart TF. With consolidation almost at 0.64-0.643 and the wave count at consolidation next is likely to try to break above.
SL will be at 0.64
CADCHF ABCD PatternCADCHF Buystop entry at FVG, ABCD apptern found with bullish Div. Lets hope for best
CADCHF creating bearish rectangle patternCADCHF is creating a bearish rectangle pattern. Setting sell stop order at the break-line of the bottom.
CADCHF SHORT 15MIN TIMEFRAMEOverall trend is down. Selling from area of imbalance. Sl set above the orderblock. Making risk free at 1:1 rr. Huge liquidity wick further reasoning to go to the downside.
CADCHF H4 | Rising to 61.8% Fibo leThe price is on our buy entry and could breakout and rise to take the profit level.
Buy entry is at 0.64574 which is pullback support level.
Stop loss is at 0.64364 the multi-swing low support.
Take profit is at 0.64838 which is the pullback resistance and it aligns with the 61.8% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
✅CAD_CHF MOVE DOWN AHEAD|SHORT🔥
✅CAD_CHF price grew again to retest the resistance of 0.649
But it is a strong key level
So I think that there is a high chance
That we will see a bearish move down
SHORT🔥
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Trade idea for CAD/CHFWhen we have a look at the charts we can see that the price is forming some sort of a wedge.
The big candle that we can see with the big spike out of the wedge can confirm this.
What we now could do is trade off this and maybe make some little profit.
Entry: 0.64522
SL: 0.64350
TP: 0.64945
Keeping an eye out for this on CAD/CHFWhen we look at the chart we can see that the price is now at a zone that was previous resistance but was able to break above it with nice volumes.
What I now want to see and what I am now waiting for is to see what the price is going to do when we are testing that level again because this can become a support zone now.
If that is the fact than we could trade with that support zone.
CADCHF | DAILY SWING BUYPrice is in a very important zone and has rejected this area several times. I see price buying to the upside with target area at 0.68500.
Trade report of 19-12Today's actions:
GBPCAD : the sell streak has been reversed by today's CPI figures. We have thrown out the sell series.
News:
US stock trading on Monday largely maintained the positive sentiment of the previous six weeks on the first day of a new trading week. The important stock market index S&P500 added 0.6% and is therefore approaching its highest level ever. The Dow Jones index gained 0.04% and the index of the Nasdaq technology exchange climbed 0.8% higher.
Oil became 1.6% more expensive in American trading on Monday. The reason for this is the increasing threat of attacks from Yemen on oil tankers and other ships that use the shipping route through the Red Sea.
Share trading today is improving due to lower yields on European government bonds.
The CPI in Canada provides no real direction.
CAD CPI m/m Is: 0.1% Expected: -0.1% Was: 0.1%
CAD Median CPI y/y Is: 3.4% Expected: 3.3% Was: 3.4%
CAD Trimmed CPI y/y Is: 3.5% Expected: 3.4% Was: 3.5%
