CADCHF Will Explode! BUY!
My dear followers,
This is my opinion on the CADCHF next move:
The asset is approaching an important pivot point 0.6154
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.6193
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
CHFCAD trade ideas
CAD/CHF - Strong Buy Trade IdeaHi all,
Looking at this solid swing trade on CAD/CHF.
Previously price has had a strong push down and we have seen a confirmed Liquidity sweep. We have noticed a movement from this key level where buyers keep stelling in.
Post this larger bullish movement we have made a solid Unmitigated Demand zone which I would like to buy from and hopefully look at going for a Breakout Trade to capture Buy side Liquidity.
Once price takes out the PSH I will look to add more positions
Good luck to any traders that follow
The chart shows my estimation of CadChf's price action The chart shows my estimation of CadChf's price action based on Elliot wave perspective coupled with waves RSI and Ichimoku cloud properties .
I also use KCT (Kennedy Channeling technique )and Fibonacci.
Here the fifth wave is running with its extension into minor five waves .
We could see price bounce after the completion of the Last minor fifth wave .
CADCHF at Major Support Level – Bullish Rebound ExpectedOANDA:CADCHF is approaching a significant support zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key demand zone, indicating the potential for a pullback if buyers regain control.
The current market structure suggests that if the price confirms a rejection from this support zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 0.62870 level, which represents a logical target within the current market structure.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
CADCHF LESSONUnderstanding the nature of price is crucial for any trader aiming for long-term success.
While mechanical trading systems can provide structure, relying solely on them may overlook the underlying market dynamics that drive price movements.
By grasping the nuances of price behavior—such as support and resistance, market sentiment, and economic influences—traders can make more informed decisions.
This deeper awareness allows for greater adaptability, enhancing the ability to recognize opportunities and manage risks effectively.
In essence, merging price analysis with mechanical strategies creates a more holistic trading approach, empowering traders to navigate the markets with confidence and insight.
CADCHF is bearishthe pair has made two top as reversal pattern .we have noticed a candle with high shadow named as operating candle before heading south .
using LuxAlgo indicator to specify supply and demand zone we are observing that the zone is coinsiding with the fibo level as target area
let's see what the market will play out