CHFCAD trade ideas
CADCHF: Important Breakout 🇨🇦🇨🇭
CADCHF broke and closed below a key intraday/daily support.
The broken structure and a trend line will compose a resistance cluster now.
Probabilities will be high that the price will drop lower.
Next supports: 0.6248 / 0.621
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CADCHF Strong buy signalThe CADCHF pair offered us an excellent sell signal last time we looked into it (July 02, see chart below) as trading within a Channel Down pattern, it was rejected on its 1D MA50 (blue trend-line) and hit our 0.63100 Target:
The Channel Down priced its new Lower Low, even broke momentarily below its bottom aggressively, and now seems to have recovered. The recent pull-back offers a good opportunity to enter this confirmed uptrend, which is technically the new Bullish Leg of the Channel Down.
Our Target is 0.65000, firmly below the 0.786 Fibonacci retracement level of the previous Lower High of the Channel, which is where both Lower Highs so far have been priced.
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CADCHF Shortif you guys do remember on my first and last post on this instrument, i got in when i had the head and shoulders pattern formation in my zone and as a result of the execution the market finally stopped me out in sl. but right now my bias is that i am still looking for a short opportunity on the same pair, and the zones i greyed out are the ones i am interested in, so i will keep my eyes on the chart, waiting again for the setup to come to me and then look for my entry criterium before the execution.
CADCHFLooking to sell CAD CHF
Price is continuing with the Daily downtrend.
on the 4H Time Frame a Impulsive move to the downside is already visible.
CADCHFExpecting bullish cad chf / based on cot report cad and chf are on extremes and taken prev. week low its time to fill the imbalance on buyside.
CADCHF BULLISH PredictionFollowing a very quick bearish move, CAD/CHF HUT A STRONG SUPPORT ARE ON THE MONTHLY TIMEFRAME. I anticipate that for the remainder of the year, our market will be robust. I would advise holding off on making a purchase on CACHF and instead BUY LIMIT AT 0.6832 (50% FIBBONACCI RETRACEMENT) IF YOU ARE NOT YET IN THE TRADE - TAKE AND HOLD!
DISCLAIMER:
Investment advisors or brokers/dealers are not affiliated with The Trading Channel, its proprietor, or any of its staff members. Your individual trading and investment decisions are your responsibility. This is just my prediction about the market's response based on historical data. This is not a place for financial advice.
Cadchf Cadchf is down trend so we just follow de trend and we don't trade against the trend so we look for more sell positions after a retracment
cadchf buy tradeSure! Here's a bullish technical analysis for the CAD/CHF pair on the 4-hour (H4) chart:
### **Trend Analysis**
- **Current Trend**: The CAD/CHF pair is showing signs of a potential **uptrend**. Recent price action indicates higher lows and higher highs².
- **Support and Resistance**: Key support levels are around **0.6600** and **0.6550**, while resistance levels are near **0.6700** and **0.6750**².
### **Technical Indicators**
- **Moving Averages**: The 50-period moving average is starting to slope upwards, and the price is trading above both the 50-period and 200-period moving averages, indicating bullish momentum².
- **Relative Strength Index (RSI)**: The RSI is currently around **60**, suggesting that the pair has room to move higher before becoming overbought².
- **MACD**: The MACD line is above the signal line, and both are above the zero line, which is a bullish signal².
### **Chart Patterns**
- **Bullish Divergence**: A bullish divergence has formed on the MACD, indicating potential upward movement².
- **Ascending Triangle**: The pair is forming an ascending triangle pattern, which is a bullish continuation pattern.
### **Outlook**
- **Bullish Bias**: Given the current indicators and chart patterns, the outlook for CAD/CHF on the H4 chart is bullish.
CADCHF SELLlooking at the chart we made a high swept the high then made a low we enter off the breaker cus we have displacement IMB FVG we target the closest liquidity or 1:2RRR stops at the third candle of the FVG lets see what happens
CAD/CHF FOR BUY
CAD/CHF analysis
1- An ascending trend line and full respect for the line
2- The emergence of strong demand areas
3- The appearance of divergence
⚠️ This analysis is without any responsibility on us and you enter at your own risk ⚠️
Cadchf selling areaOur last week cadchf buying idea already running 200 pips
More expected till supply zone and downtrend area
Overall trend still bearish but we will wait for selling confirmation
Cadchf, look for buys.The buys happening now is a pullbck on the weekly timeframe. S.L and TP have been indicated.
CADCHF-SHORTCadchf is trading in a bearish trend,on daily timefram it is almost completing its retracement,price is in between 0.618 and 0.5 fib levels so we will take a sell trade from here
CADCHF Bullish The Price is supporting the upper trend line and now looks to be side ways and the trend can be bullish with Fibonacci 50 % .
CADCHF FOR BUYPrice broke out of the weekly support, wait for retest and bullish candlestick pattern on the zone.
CADCHF Bearish H&S 4HR Chart still a fair way a way!CADCHF_2024-08-16_01-03-42_72725.png
CADCHF is very weak on Daily & Weekly timeframes price is well below 200ema & 50ema so very bearish on longer t/f's although price is trying to jump from its very low lows yearly.
Head n Shoulders setup to watch on 4hr t/f & is still about 1% further drop to neckline. May play out later this afternoon in New York session.
Cheers
Chris
CADCHF SWING SETUPDue to the risks associated with conflict and recession rumours in the US, investors turn to safe-haven currencies like the Euro and Swiss franc, leading to their appreciation. However, the CHF is currently adhering to a downtrend line, suggesting a potential for bullish movement.
TP and SL are marked.
Swing Setup might require to hold to weeks or months
Risk no more than 1%
Check our other swing setups
CADCHF-LEADER IN CHF WICK FILL9/10YR:Tested and Rejected the Support,
1YR Formed 1-2 RTM , and expecting current 1 year bar to close bulling,
On small timeframe, needs Double top to complete, forming a Divergence to start the Bullish Movement
CADCHF ShortGot to the system now to find another sweet selling opportunity on this pair, my bias stuck to selling because of the chart pattern i am currently seeing on the pair (head and shoulders) which could possibly result to the crash of this particular instrument.
PS: Scroll a little downward you will realized i already posted about this pair for a short opportunity which i was unable to find my entry for that day, but now the opportunity has presented itself. 😍😍😍
NB: This does not means the trade will surely win, 😂 that is the funny thing about forex.
FvgWe see market had made a left shoulder then made a high then the dropped leaving imbalance, then came to fill in the fvg now continuing with the short
