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CAD (Canadian Dollar)

CADCHF SHORTAs we can see with the last trades NFP price has not created explosive moves on USD pairs until Monday and Tuesday this week. As far as this pair the CadChf has showed exhausted bulls. Price had a 0.78131 high back in May this year but the trend wasn't established until price decided not to break that high coming short of the high making a lower high at 0.77980 which means we have been in a downtrend with slight pullbacks until late September price had broken out of the trend line making a correction which seems to come to an end as of now
Short
by hollowbanks412
CAD/CHF: Review!!!So, in this past analysis that I made, this was not good trade and little hard to traded it in Canadian Dollar/Swiss Franc as we had the FED interest rate decision that move the financial market very volatile. So, I enter in two different position with good opportunities that I would have gotten this nice opportunity that I fell. But we would review what happened in the past week and what I will need to improve my skills. 1. CAD/CHF: Long position on October, 31, 2022 In this screenshot, we see that I remember that I update this par and I was in long position and very good with almost 60 pips. Also, in the past I put my target to $0.7460 CHF, what later I move it to $0.7490 CHF. if I would have gotten to closed up this long in $0.7460 CHF, i would got 60 pips in profits. what I decided to up my target profit to $0.7490 CHF. But maybe, I found out an interesting resistance in $0.7558 CHF, what I fell in this unique zone to don't improve this hide zone in H4 timeframe that I believe that I will need to take care of this institutional zone. But I ended this trade that took me my break even in $0.7304 CHF what I result a loss of 1.11%, after that I was in profit to long position. 2. CAD/CHF: Short position on November, 2, 2022 In this analysis, we see that I was in short position shorting from $0.7430 CHF, and also I made a very good analysis that CAD has the chance to continue drop toward $0.7365 CHF with a lot true. But the price moved by bullish sentiment that I remember that I closed up manually to $0.7322 CHF, what was a small earn of 0.74%, and also I don't know if this was a good opportunity to re-entry to long that I suppose to do that. But well, I see that my trades are not very bad, but there're some key to work for my trading experience like still pending in H4 if we see a resistance key to watch out to fix my target profit only for my first trade in this par. And my second trade, I don't found out any fell, what the only it's trying for me to work a little more my analysis, as my second trade was a great trade, that my short could to give me a nice opportunity. That it's all my review. I end with 1.11% loss and 0.74% earned. A total of -0.37% in loss. It's quite small that any ant see it. Good day!!!!
by harisonhbn9718
CADCHF: Waiting for further CONTINUATION!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In our previous post, about few weeks ago, we forecasted a potential upside movement considering the overall reversal bias. The market clearly performed it, breaking the main high timeframe structure and it’s currently forming a potential continuation. The momentum doesn’t look very strong, so it may form a bigger structure, retesting the zone 0.73500, 0.7300, creating deeper pattern where we would try to take advantage. Overall in HTF a double bottom and breakout of the main structure, are clues enough to justify a further bullish movement. In LTF a sequence of bullish small structures are moving up targeting the next swing high. When, where and why would we step into the market? Before entering long on this market, we will be waiting a greater entry, patiently waiting for the confirmation and formation of a bullish continuation pattern. In the scenario of reversal and/or price not forming the expected price action, no action will be taken on this market and the overall setup will be invalidated . If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Long
by Cybernetics_tl
25
CADCHF: The market is reacting around a strong SWING!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: In HTF this market reached an interesting swing at around 0.71700, which reversed the direction the last March. At the end of September 2022, it approached on the current area, double topping and reversing, after it has been moving inside a descending channel for almost 6 months. Currently, the price is correcting (still inside the structure ) with a possibility to see further bullish price action. When, where and why would we step into the market? The market is not ready for a long trade, not so much space inside the structure to enter long with a good RR, however, a breakout to the upside of the main structure would be an interesting entry point to take advantage of! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab
Long
by Cybernetics_tl
16