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SWISS FRANC / CANADIAN DOLLAR

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CHFCAD trade ideas

CADCHF Rejected on the 1D MA200. Sell opportunity.It has been more than 4 months since our last analysis on the CADCHF pair (October 10 2023, see chart below), which was a sell signal that hit directly our 0.64800 Target: The current signal is no different, as the continuous rejection on the 1D MA200 (orange trend-line) since February 13, is giving a strong sell signal, which will be confirmed once the 1D MACD forms a Bearish Cross. As you can see, the pattern since December 2022 is a Channel Down and every 1D MACD Bearish Cross above 0.00, has formed a Lower High, hence issuing a strong sell signal. Our Target is the top of the Support Zone at 0.63500, which has been the first Target during the previous 2 Lower High rejections. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
CADCHF LONG Weekly: + Market structure (trend is bearish) + Candle close + Zone *First time we break the weekly downtrend, possible is that it becomes a fake out. But we have a strong S&D zone in our advantage that can act as support Daily: - Bullish market structure - Bullish M with IC *We broke a very strong S&D zone, that comes with a lot of power! *Bears are taking over BUT we see at the moment that bears are coming corrective to our S&D zone. Bigger bears are probably sitting higher 4H: - Waiting on entry criteria - Impulse is to the upside, correction to the downside for me
Long
by SimonVerlinde
🚀💰 **Jumpstart Your Trading Game: Short Opportunity on CAD/CHF Calling all traders! 📢 If you're on the lookout for a lucrative short opportunity, look no further than CAD/CHF! 📉 With external liquidity out of the picture, the conditions are primed for a strategic move. Here's the scoop: the Canadian dollar (CAD) and Swiss franc (CHF) have been dancing to their own tunes lately, detached from external influences. This independence sets the stage for a focused, high-potential short position. The CAD has been showing signs of vulnerability, facing headwinds from uncertain oil prices and mixed economic data. Meanwhile, the CHF, known for its safe-haven status, tends to thrive in times of market uncertainty. This dynamic duo presents a compelling setup for traders looking to capitalize on diverging trends. Why short CAD/CHF? Picture this: as risk sentiment fluctuates and market dynamics evolve, the CHF could gain strength against the CAD, amplifying potential profits for savvy traders who position themselves accordingly. But remember, success in trading requires careful planning and execution. Keep a close eye on key support and resistance levels, monitor market sentiment, and be prepared to act swiftly to seize the moment. So, ready to take advantage of this golden opportunity? Dive into the world of CAD/CHF trading and make your mark in the financial markets! 📈💼
Short
by Asif_Brain_Waves
2
CAD CHF finally ready for move higher ?Hi Guys, The CAD CHF has faced relentles selling for quite some time now and bears have just kept grinding the price further and further down. It seems that we may have come to a bottom for the time being at least and we may get a reversal. The AUD CHF has also strengthened and the CHF JPY is finally showing some weakness after a massive run up over the last two years. I'm not across the board with macro factors apart from keeping an eye on news events so I'm not sure what the change in sentiment against the Swiss Franc but the charts tell the story. Currently this pair has made CHOCH and BOS on the 1 hour time frame and I am looking at a pullback into the orange highlighted boxes to initiate a long trade. Those boxes have the 20MA 50 MA and the AVWAP from the low acting as potential strong support as well as the usual reisitance support flip. A harmonic bat pattern has formed with entry coinciding with the red box highlighted resistance zone. Looking left that zone has been used recently on numerous occasions as both support and resistance so its highly likely price will react to it when it reaches there. 4hr RSI is in overbought and showing divergence so we may well see a drop in price hopefully only to the support area I mentioned and not further down. I will be looking for a sell setup around the resistance zone down to take profit at the first buy zone and initiate a long position if I can see clear support and get a nice setup. Safe Trading all
Long
by elyask120
CADCHF - 4hrs ( Buy Trade Target Range 150 PIP ) 💵Pair Name CAD/CHF Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 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 ) Mid Term Type : Mid Term Swing —————————— Bullish Break 0.64650 Area Reasons - Major Turn level / M - Pattern Break - Month High Area - Fixed Range Poc - Fibo Golden Bearish Reversal 0.66250 Area Reasons - Major Turn level / D - Visible range lvn - Pattern Target - Fibo Golden Zone - Fixed Range Poc
Long
by GoldenEngine
CADCHF Bearish Opportunity - Orderblock SMC FVG📉 CADCHF Bearish Trade Setup - Notable Orderblock SMC FVG Identified 🔍 Technical Analysis: CADCHF presents a compelling bearish opportunity as it approaches the Orderblock SMC FVG zone. Historical analysis suggests this area has served as significant resistance in the past. Monitoring closely for potential bearish confirmation signals. 📊 Trade Plan: Entry Point: Consider initiating a short position upon rejection or bearish confirmation within the Orderblock SMC FVG zone. Stop Loss: Place above recent swing high to effectively manage risk. Take Profit: Targeting potential support levels or prior lows. 🚨 Risk Management: Employ sound risk management techniques, ensuring exposure is controlled. Stay updated on economic events impacting CAD and CHF. 📈 Disclaimer: This is not financial advice. Perform due diligence and trade responsibly. 👉 Note: Continuously monitor price action for real-time adjustments. Happy Trading! 🌐💹
Short
by MAAwan