CADCHF sell setup formed, 2hrCADCHF was in an uptrend for the past few weeks. It failed to cross the resistance at 0.66910 after touching it for the second time.
The CADCHF gave us a Head & Shoulder reversal pattern at our resistance zone showing us that sellers are in control. The uptrend was then broken preparing for sells. The breakout formed a flag continuation pattern confirming the sell opportunity in a technical view.
CHFCAD trade ideas
CADCHF About to turn bullish long-term.The CADCHF pair Has been trading within a Channel Down pattern since January 2023 but recently it has shown growing signs that the long-term bearish trend is coming to an end. First of all, it formed the first Golden Cross on the 1D time-frame since April 01 2022. Since then, it has held the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) as Supports.
The strongest bullish development is that it turned the 1W MA50 (red trend-line), where it was rejected on September 29 2023, from a long-term Resistance to Support. The last time that this series of events happened following a 1D Golden Cross, was within December 2020 - January 2021. Even the 1D RSI fractals between the two are similar. What the past fractal did after turning those MAs into Supports, was rally aggressively above the previous Resistance.
As a result we turn bullish now on this pair, expecting the Channel Down to break upwards, and target 0.69650 (Resistance 1).
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CADCHF LongEntered CAD/CHF on as price tested the high of the Asian session. Fundamentally CAD is stronger the CHF and CADCHF has got battered lately on the daily chart. I expect price to churn around some here in the price area before potentially moving higher on the 4hr daily. This trade will probably be an intraday trade but I will ride it to see where the momentum goes.
Sell Overheated Loonie (May 2)Fundamentals & Sentiment
CAD:
- BOC has been successfully coping with inflation, with the latest Core CPI YoY posting 2%.
- The solid economic performance of Canada added urgency to hike rates until the target CPI has been achieved, so keeping rates high is becoming obsolete. There's still a decent potential to price in cuts until the next BOC rate decision.
CHF:
- Rate cut differential
Technical & Other
Setup: TR(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Sideways
Long-term: Uptrend
Min target: DMA(50)
Risk: 0.25%
Entry: Market
CADCHF - 4hrs ( Sell Trade Target Range 120 PIP ) Pair Name : CAD/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Break
0.66450 Area
Reasons
- Major Turn level
- Choch Zone
- inner Trend line
- Visible Range lvn
- Day low Break
- Week low Break
Bullish Reversal
0.65250 Area
Reasons
- Major Turn level
- Pattern Target
- Choch Zone
- Fibo 61.8 % Golden
- Fixed Range Hvn
CADCHF Will Explode! BUY!
My dear followers,
I analysed this chart on CADCHF and concluded the following:
The market is trading on 0.6656 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6673
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
BUY CADCHF for uptrend continuation BUY CADCHF for uptrend continuation
STOP LOSS : 0.6614
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
CAD/CHF BEARS ARE STRONG HERE|SHORT
Hello,Friends!
CAD/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.656 area.
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CADCHF ShortPrice reached H4 Horizontal Level. The level is also daily resistance level.
Price seems to be unable to break through the resistance level.
A momentum bearish candle was formed breakout through the flag support & horizontal support level.
This has shown the pattern been broken. There is a high probability of it heading bearish to start in the range.
Short trade was set up targeting H4 swing of 2.5RR