CHFCAD trade ideas
Cad/Chf Buy IdeaCad/Chf is at a level of support. This level has held for a few days.
I believe it will move up from here... But will wait for a buy signal on the earlier time frames before I push the Buy Button.
This week I will be trying to perfect entries...
CADCHF: Is That a Bear Trap?! 🇨🇦🇨🇭
CADCHF is trading on a key daily support at the moment.
We can see that the price violated the underlined structure but then
suddenly bounced and returned above that.
It makes me think that it might be a bear trap.
We may expect a pullback to 0.6477 now.
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CADCHF - D1 - BUY SETUPAfter breaking structure and making a bullish trend, price is coming to fibo 0.886 on daily, where there is a RBR zone, if price don't breake the lower low, it will then go to higher high.
CAD/CHF carnage not over yet next target 0.6050The currency pair has been falling since 6 June 2023...
It's gone on a strong downtrend channel, which has not been good for the Canadian Dollar.
Lately it's formed not one but TWO bearish chart patterns.
M Formation and Inv C&H
And the price has broken below both the neckline and brim level.
This means, there is more downside to come with a target of 0.6050.
Other indicators confirm the bearish momentum
200>21>7 - Bear market
RSI<50
Target 0.6050
CADCHFdistribution phase has been started from this point , its a good buying opportunity from these levels and you can take it from these level to a high levels as it shown in the chart the TP's and the SL , goodluck on it , although the most important point that i got a classic pattern on the chart
CADCHF's Diamond & Inv. Cup &Handle1.Price Formation: The price has broken out from a DIAMOND price formation on a daily chart. A further confirmation of an Inverted Cup & Handle pattern breakout.
2.Moving Averages: The 7-day moving average (MA) is below the 21-day MA, which is a further confirmation of bearish sentiment.
3.200-day Moving Average is above the Price.
4.Thus, Mas 7<21<200
5.Relative Strength Index (RSI): The RSI is < than 50, indicating bearish momentum and potential further downward movement.
6.Price Target: 0.61648
CADCHF- In Bearish TrendCADCHF is making a Bearish trend as it is printing lower highs and lower lows.
CADCHF - Trading The Range, Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 CADCHF has been stuck inside a big range between 0.65 support and 0.68 resistance.
At present, CADCHF is retesting the lower bound of the range.
Moreover, it is retesting the lower bound of the red channel.
🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #CADCHF approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade idea This is my trade idea on cadchf, Though I'm waiting for price to get to 0.64603 and my first to will be around 0.65999 and the final to around 0.68309
POTENTIAL SWING CAD/CHFconfluences
1.8hour time frame Bullish candle near support.
2.Weekly time frame engulfing pattern.
3.price cross above 20MA of daily time frame.it seems like going to flat if price keep hold above this level.
4.market Seems like in a range level at daily time frame from 0-65-0.68 Area.
Entry trigger 0.65500
Stop loss 0.64800
Exit plan 0.67250
Risk 0.5% Reason counter trend
RSI Divergence!As you see, we have a bullish hidden divergence in RSI oscillator, so we expect that price go up!
CAD/CHF ↗️ Long Trade Setup↗️Hello Everyone 🙋🏽♂️
🟠 EP 0.65000
🔴 SL 0.64255
🟢 TP1 0.65770
🟢 TP2 0.66540
🟢 TP3 0.67245
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market
CADCHFCADCHF is in bullish trend.
Bullish divergence also shown in RSI.
No sign of reversal here.
We wait and watch for the breakout of last HH.
CADCHF?
This had broken the low again today.
Rebound back near .65000
Shall we?
or wait for it to break local/today support around 850 level.(check 1H break ok!)
Nmhh..
Nice to see, once broken you must pay!
All the best
CADCHF BULLS TO TAKE OVERHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
CADCHF BULLS TO TAKE OVER!
As we can see price is around a strong support zone, lining up with our previous major lows as well, Where we will be looking for new longs.
Meanwhile, price is still overall bearish making clean lower lows and lower highs, however, for the bulls to take over we need a break above the marked major swing high then a movement higher would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Horizontal channelHello friends.
According to the horizontal drawn channel, there is a possibility of upward reaction from the bottom of the channel.
It seems that we should enter a step around here and wait for the next step at the bottom of the channel.
what is your opinion?
Good luck.
# Let's look simply
BULLISH THESIS 💡Price has currently retraced back to an area of strong demand, I'm expecting price to form sort of rejection hence filling the liquidity areas created by the dip today before any further rally down. Risk management is paramount.
Tell me what you think?
CADCHF SELLSell cadchf now , buyers turned out to be weak completely and sellers came in strong.
2.44 R/R
CAD/CHF BUYWe are at a daily support level entry on a previous 4hr orderblock looking to hit daily resistance
CADCHF DEMAND - 1D0.64667 zone had been respected from the may month for Canadian dollar vs Swiss franc and whenever the price reached near this zone we saw a great move to the upside, the recent move shown a demand and which resulted in great price push all the way up to 0.68263. I expect a potential upward move from this level, if you trade this pair do wait for the confirmation. Thanks and all the best..
