CADCHF Exhaustion Longer Term LongI've been tracking the selling of this pair for some time and I think it's time for a correction. Yesterday we saw a big sell off presumably to clear out some stops which lead to buyers coming in and an interesting daily candle close. That's just the story but if you're looking for technical evidence it's lining up nicely with the parallel dynamic support/resistance trendlines as a great place for long entries giving good risk reward for those willing to wait it out.
CAD (Canadian Dollar)
CADCHFCADCHF is trading under declining trendline and recently it seems like the sellers are bit exhausted then bulls took the charge and getting ready to break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 0.6450 region.
Will the bulls take charge again continue for leg higher?
CADCHF H4 | Bullish breakoutThe price could breakout of the buy entry and rise higher to the take profit level.
Buy entry is at 0.64577 which is a pullback support.
Stop loss is at 0.64268 which is a multi-swing low support.
Take profit is at 0.64915, which is the multi-swing high resistance that aligns with the 78.6% Fibonacci retracement level.
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⚡️CADCHF CMC TRADING ⚡️ CHOCH & DEMAND FOR REVERSALCADCHF is currently situated within a major demand zone characterized by the creation of multiple equal lows. A recent observation of a ChoCh pattern is a notable indicator for a potential reversal continuation. Anticipating a rally, our expectations extend towards the recent Order Block (OB) and potentially beyond, targeting the identified Major Supply zone.
CADCHF H4 | Rising to 61.8% Fibo leThe price is on our buy entry and could breakout and rise to take the profit level.
Buy entry is at 0.64574 which is pullback support level.
Stop loss is at 0.64364 the multi-swing low support.
Take profit is at 0.64838 which is the pullback resistance and it aligns with the 61.8% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
🌟📈 Forex Trading Opportunity: CAD/CHF Analysis 💱🔍🔹 Post Static Level Breakout in Daily Timeframe: Following the breakout of a static level in the daily timeframe and subsequent weakness, there's a possibility of a false breakout with a strong upward movement.
🔹 Entry Trigger on Exiting Consolidation: Exiting the specified consolidation zone can be considered as an entry trigger.
🔹 Potential Downward Movement: The likelihood of a downward movement in line with the primary market trend remains high. This analysis can be used to enter the market in higher timeframes or after direction clarification in lower timeframes, according to your strategy.
🔑 Related Categories:
Breakout Analysis
Consolidation and Trigger Points
Market Entry Strategies
How are you approaching the CAD/CHF pair? What’s your strategy for entering this market? Share your views and tactics! 💬🌐
#ForexTrading #CADCHF #MarketAnalysis
📚 Remember: Forex trading involves significant risks. Stay informed and always align your trades with your personal trading strategy and risk management rules! 🧠💼
CADCHF LONG TERM Buying TRADEHello Traders
In This Chart CADCHF HOURLY Forex Forecast By FOREX PLANET
today CADCHF analysis 👆
🟢This Chart includes_ (CADCHF market update)
🟢What is The Next Opportunity on CADCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
⚡️CADCHF CMC TRADING ⚡️Having recently identified a Breakout Structure (BoS), we are presently anticipating the price to acquire liquidity in proximity to the identified Order Block (OB). Concurrently, we await the price to fill the Former Value Gap (FVG) that has been formed. Notably, there is a discernible reversal pattern at the summit, indicating a probable retest of the previously identified Order Block, which is closely associated with the 4-hour OB. Upon the price revisiting this level, an expected trend reversal is anticipated to sustain the bullish momentum.
CADCHF - W1\D1CADCHF
W1 - The price may push off from the level, a potential rebound to the values of 0.68343; for a confident entry to these targets, it is better to wait for the level to be fixed at D1.
D1 - The price is behind the trend line, a 3-wave structure has been formed, the price has not reached level 161 and the 5th wave has been formed, which can give an impetus to the nearest goals, we can consider entering from the current levels.
What can you expect?
You can consider entering from the level of 0.64882 with further movement to the target 0.66276. Cancellation of the idea so as not to take increased risk on the idea levels beyond the end of the 1st wave on D1 - 0.64032
Locally - Long
Target 0.65067 - 0.65434 - 0.65765 - 0.66276
Long term - Long
Target 0.65428 - 0.66205 - 0.67295 - 0.68343
CADCHF LONG ENTRYIn the context of CAD/CHF, the essential Fair Value Gap (FVG) has been filled following the identification of a Change of Character (ChoCh). The predetermined Order Block (OB) indicates a bullish sentiment, evident as the price revisited and showed strength around the highlighted levels. Expectations are for the price to persist in its rally toward the next formed swing high, thereby completing the external structural order flow.
#CADCHF: it can be a huge swing trade!Happy Weekend Traders!
CADCHF have been accumulating since long time now, price have shown some bullish behaviour and we expect price to rise from this moment. Wait for the price to drop a bit and enter when it falls between our zone.
thanks for your support as always!
CADCHF Potential UpsidesHey Traders, in the coming week we are monitoring CADCHF for a buying opportunity around 0.64700 zone, CADCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.64700 support and resistance area.
Trade safe, Joe.
CADCHF Will Explode! BUY!
My dear friends,
CADCHF looks like it will make a good move, and here are the details:
The market is trading on 0.6429 pivot level.
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 - 0.6441
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
CADCHF Potential DownsidesHey Traders, in today's trading session we are monitoring CADCHF for a selling opportunity around 0.64900 zone, CADCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64900 support and resistance zone.
Trade safe, Joe.
CADCHF LONG TERM Buying TRADEHello Traders
In This Chart CADCHF HOURLY Forex Forecast By FOREX PLANET
today CADCHF analysis 👆
🟢This Chart includes_ (CADCHF market update)
🟢What is The Next Opportunity on CADCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
CADCHF Trading Plan - 04/Dec/2023Hello Traders,
Hope you all are doing good!!
I expect CADCHF to go Up after finishing the correction.
Look for your BUY setups.
NOTE: Many of my earlier posts have been hidden by TradingView due to some house rule violation. They informed it after 6 months of me using the watermark for my company name.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.