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
CHFCAD trade ideas
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.
CADCHF: Bullish Reversal Potential - Long Trade Setup📉 Overview:
CADCHF is shifting from a downtrend to sideways movement, signaling a potential bullish reversal. A sharp bullish divergence and a strong 97% bullish market sentiment enhance the likelihood of an upward move.
📊 Technical Analysis:
Transition from downtrend to sideways, coupled with a bullish divergence, sets the stage for a potential bullish reversal.
📈 Market Sentiment:
A robust 97% bullish sentiment supports the potential strength of the upward reversal.
📉 Trade Strategy:
Traders may consider a long trade if the key level at 0.63910 is breached. Entry points near the coming higher lows (HL) or Fibonacci retracement levels like 0.236 or 0.382 are potential considerations.
🛑 Risk Management:
Implementing effective risk management, including appropriate stop-loss orders, is crucial to safeguard capital.
📈 Conclusion:
CADCHF presents a compelling long trade opportunity with bullish signals and strong market sentiment. Monitor the break above 0.63910 and adjust positions based on evolving market conditions.
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!
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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CADCHF Looking bullish based on my anylsisBullish outlook for 25 to 29 December,bearish also expected.
