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Cad-chf

CADCHF looking up 🦐CADCHF has reached the weekly resistance at 0.70500 . The market after the test of it retraced at the 0.382 Fibonacci level and now seems ready for the break above. According to Plancton's strategy if the market will break above we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy
Long
by InkyGrip
4
CADCHF// Reversal or Breakout??CADCHF is approaching the well respected trendline yet again along with an area of former support/resistance . This seems like an easy trade, however, the last 3 touches were quite easy as well. Anything too good to be true probably is. While I will be looking for the short, I am prepared for price to go long. There will be important news coming out of Canada in the next few hours which can either provide a spike which will take most early shorts out or be the catalyst for a breakout. I have quite a few other ideas of what can happen but I will let price do its thing. Check out my last few analyses of this pair in the comments!
by N0ST0PL0SS
2
CADCHF looking up 🦐CADCHF on the daily chart has reached the weekly resistance. The market after the test of it tested the 0.382 Fibonacci level and now seems ready for the break above during next week. According to Plancton's strategy if the market will break above we can set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy
Long
by InkyGrip
10
CADCHF: The price is FOLLOWING a strong ASCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : CAD/CHF ⚪ Technical Analysis : Since August 2020, the price has been following an interesting ascending channel in a daily perspective, bouncing many times on its dynamic lines. On the 4th of January 2021, a bullish impulse moved the price up, getting a rejection on the resistance zone at about 0.70500 and few days ago it re-tested the same level. It closed the last daily session with an interesting upbar and a rejection on the level 0.70000 (matching also with its EMA 200) could be a sign of market continuation . 🔴 Conclusion : This pair is absolutely giving us many great opportunities! I'm confident to see the price growing more until its dynamic resistance, considering that it got a rejection on its daily EMA 200 and it's following a clear uptrend. I wouldn't suggest to open any long position right now, because there is a possibility of consolidation between the two S/R zones at about 0.70500 and 0.70000. Before planning my long position on this trade, I'll be waiting for a double scenario: 1. The price falls down bouncing on its dynamic channel's support (that would be a really profitable trade) 2. The price breaks the resistance zone at 0.70500 and I'll be looking for the best entry point until it will reach its dynamic channel's resistance line. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
31
CADCHF above the weekly support 🦐CADCHF on the 4 h chart breaking above the weekly support continues the bullish momentum. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
4
CADCHF: You may consider this LONG opportunity! Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : CAD/CHF ⚪ Technical Analysis : Since January 2021, the price has been following an interesting trendline, moving up until the main resistance zone at about 0.70500, breaking through a daily S/R level at 0.69600 and bouncing few times on its dynamic trendline. On the 22th of January, the price broke the trendline, re-testing the same level twice before collapsing down under the support level. It is currently re-testing the S/R level at about 0.69650 and the next price action on this level will be essential to understand the next market movement. 🔴 Conclusion : The current weekly session closed with an interesting pin bar, showing a possible rejection on that level and an upcoming new uptrend. Also the day session closed with a strong upbar just around the S/R zone. I'm confident to see the price pushing up until the next resistance zone and I'll be waiting for a clear rejection before planning my long position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
6
Beyond fundamental analysis I’d like to share some informative knowledge about the importance of following currency strength and sentiment. I am forecasting this long continuation for EURCHF based off knowing major currency strength and sentiment. I forecast EUR to be third for currency strength and sentiment among major currencies to open the market. I can summarize this by observing CAD being the strongest currency as all major currencies against CAD are selling off (including JPY pairs which is second as EUR is correcting to sell off against JPY) I know CHF is weak as EUR broke key resistance against CHF into a buy off. CHF buyers pumped its pairs to higher resistance followed by huge pivots across the board (most noticeably CHFJPY). Furthermore I am forecasting USD being weaker than EUR as we saw USDCHF dump to end the weak. Now we have accurate placements for strongest To weakest for half the major pairs CAD, JPY, EUR, CHF, USD to start. Now I take a look at GBP and see it is selling off against CHF while EURGBP pivoted off a major support. Furthermore GBP is in a clear sell off against CAD, JPY and USD. Now our strength and sentiment placement is CAD, JPY, EUR, CHF, USD, GBP. Our remains major currencies AUD and NZD are the weakest in strength and sentiment. Both currencies are selling off against all major currencies however AUDNZD is looming at a key support. A pivot and continuation will dub NZD the weakest. A breach through support will dub AUD the weakest. GBP is also in a volatile state against both currencies leaving the possibility of GBP being the weakest pending the trend play outs. This is super detailed so please ask questions and comment. I feel like this is a great fundamental strategy for all to learn. Thank you.
by Pika7993
2
💡 Don't miss the great buy opportunity in CADCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.693). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADCHF is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 0.6965 TP2= @ 0.6985 TP3= @ 0.7005 TP4= @ 0.7030 TP5= @ 0.7055 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
6
💡 Don't miss the great buy opportunity in CADCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.693). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADCHF is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 0.6965 TP2= @ 0.6985 TP3= @ 0.7005 TP4= @ 0.7030 TP5= @ 0.7055 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
5
CADCHF trying to break below 🦐CADCHF after the break of the ascending dynamic trendline tested a support structure at the 0.69600 area. The price retraced inside a minor bear flag and according to Plancton's strategy, if the market will break below, we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
12