CAD (Canadian Dollar)
✅TS ❕ CADCHF: support area✅✅ CAD CHF reached the support area.
The price immediately reacted to the support.
The chart will rebound after the retest. ✅
🚀 BUY scenario: long to 0.6865. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
✅CAD_CHF LOCAL LONG🚀
✅CAD_CHF will be retesting a support level soon
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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CADCHF: Bearish Move From Key Level 🇨🇦🇨🇭
It looks like CADCHF may drop.
The price reached a solid horizontal resistance and formed a tiny double top pattern on an hourly time frame.
Now we see a strong bearish pressure.
I expect a bearish continuation to 0.6913 / 0.6905
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Monitoring CADCHF Upside Breakout0.6922 is a key level I'm watching right now. CADCHF has been in a massive range since December 2022. Since then, price has failed to breach new lows. Our lower levels are moving higher and higher, which is a good indication that there is very little compelling selling pressure. As price testing the 0.6922 level, a strong breach above this level will be an excellent indication that further upside can be expected. I am closely monitoring this pair with an upside bias.
CADCHF expecting new bullish push in next days
Hi viewers, CADCHF in first idea witch will be attached in section related ideas, we are make nice push till TP1, at end we can see price is revers, here expecting to see new bullish push in next days. Today we will have and CAD GDP event from which expecting impact and technically side is bullish
TP1:0.69450 (55)
TP2:0.69650 (75)
TP3:0.69800 (90)
📌 Potential BUY setup for: CAD/CHF👩🏽💻Technical: The price seems to be coming back from higher-time-frame support, and the daily is trying to reach a new high. On the 4-hour chart, the price is currently struggling to break the resistance, suggesting sellers are also actively involved.
🎯 For an ideal entry: To confirm the bullish bias and potentially target the higher time frame zone, the price must break 4-hour support, push > exhaustion, and form a bullish candlestick formation.
Bearish Pennant Formation on CADCHF?The CADCHF is currently forming a bearish pennant, which could signal a significant downside move if the price breaks out to the downside, toward the previous swing low at 0.66 from March 2020.
This would be a similar pennant pattern (November 2022) leading to a move to the downside, with the price dropping to test the 0.68 support level.
Additional downward pressure could come from further weakness in the Canadian Dollar, especially with the employment data due to be released later in the week
CADCHF high potential to reach lower pricesIf the Canadian banks do not create a big demand, it is very likely that the strength of the Canadian dollar will decrease compared to the franc, and we will see the fall of this chart in the coming hours.
CADCHF has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
CADCHF Update I It will explode to the upside but be patientWelcome back! Let me know your thoughts in the comments!
**CADCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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✅TS ❕ CADCHF: downtrend✅✅ CAD CHF is moving in a downtrend.
The price retains the structure.
The chart will continue to decline. ✅
🚀 SELL scenario: short to 0.6836. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.