CHFCAD trade ideas
CADCHF – BOS and bearish continuation .. the week of 24 Feb Weekly – bearish.
Daily – bearish after a break of structure (BOS). Price below 200sma.
H4 – bearish (visible sequence of lower highs and lower lows).
Price has broken below a significant support/resistance area that has been tested multiple times. This break below also occurred with momentum as you can see from the large red candle. I expect a pullback to the zone (marked in green) and if that happens, I will be looking for signs of a bearish continuation.
If a short trade does set up, my stop would be placed above the recent swing high and an initial target at 0.62580 with the potential to go down to 0.6200.
This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
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SELL CADCHF - "TOP DOWN" approachTrader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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CADCHF Will Go Down From Resistance! Short!
Take a look at our analysis for CADCHF.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.631.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.625 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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CAD/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so CAD-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.621.
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CADCHF is at a resistance level and could undergo a correctionThe CADCHF pair has initiated a strong upward move following news about economic tensions between the United States and Canada. Prices are now reaching a major resistance zone between 0.6366 and 0.6407, suggesting a potential short-term correction. The 0.6300 level remains a reasonable target in this setup, although confirmation is still needed before taking a short position on this asset. The 0.6270 level, which corresponds to the 0.618 Fibonacci retracement, also represents an interesting profit-taking area.
CADCHF - Short Setup at Key ResistanceOANDA:CADCHF Is getting closer to a resistance zone that has times before lead to strong bearish momentum. A confirmation of selling pressure, such as a bearish engulfing pattern or multiple rejection wicks at the resistance level, would increase the likelihood of a downward move.
If sellers take control at this zone, the pair could move downward, with a target around the 0.63200 level.
NOT financial advice - just my view on support and resistance zones, Always confirm your setups and trade with solid risk management!
Best of luck! Again!
CADCHF | 130pipsAfter waiting a while another opportunity presents it's self
Weak price in buyers at top with the same range, looking at a ~130pip drop.
First I waited for buyers to break above resistance, and then to see what else they could do afterwards
As price went on we saw buyers try to step back in but only for sellers to keep pushing down creating Lower Highs and Lower Lows
This tells me buyers aren't too interested and could see sellers step in with more strength as time goes on.
Price is also consolidating around SMA-150 exactly after the rejection which tells me price is building up for a reversal.
Same rules apply:
- Shorts Only
- Setup will take 20 days start to finish
- The actual trade will take 6 days +
CADCHF Daily: will the CAD CPI break the Resistance?? This pair is in a strong consolidation since Aug last year with very little attempt to break any of the levels(0.6343 Resistance and 0.61933 Support). Late today(in AU) we have the BoC CPI Core(YoY) and the CPI(YoY)so if those brings a good reading there is a possibility to get a strong CAD move breaking the Resistance otherwise price should be heading to re-test the Support. Trade Safe.
CAD/CHF – Range Rejection Signals Downside Risk!🔍 Price Struggles at Resistance – Possible Reversal Ahead?
CAD/CHF remains stuck within a sideways range between 0.6370 resistance and 0.6192 support. The pair attempted a breakout but faced strong rejection, indicating a potential short-term pullback.
📉 Bearish Signals Emerging:
✅ Resistance at 0.6370-0.6382 Holding Strong
✅ Multiple Rejections at Upper Range
✅ Bearish Candlestick Formation Suggests Weakness
✅ SMA-44 (0.6309) Acting as Initial Support
📊 Key Downside Targets:
🔹 0.6309 (SMA Support)
🔹 0.6192 (Major Demand Zone)
💡 Trading Plan:
🔻 Failure to Hold Above 0.6370 = Bearish Sentiment
🔻 Short-term Correction Towards 0.6309 & 0.6192 Likely
🔻 Break Above 0.6382 Would Invalidate Bearish Bias