CADCHF pulled back to 50% on fib retracement, 80% chance it will continue downwards to the next clear level as it has already broken 38.2%
I am personally seeing bearish potential in CAD all over the board. Cadchf, Cadjpy look especially bearish right now likely forming a larg top pattern. If 7900 breaks bulls look like to play out an bullish flag. So its better to exit there. I personally dont like to sell low , thats why i am waiting for a move higher before shorting this pair. Blessings to you all.
hi boys! Let me know what you guys think. I'm just a little annoyed I missed the second wave down. It happened so fast. I charted the night before and never entered for some reason. Then boom. :)
Weakening RSI and MACD Divergence makes for a solid short setup
Looking at this going into the open and into the trading week.
The cross will go to higher price for his high long pressure
Traders, CADCHF was brought to our attention as it came and re-tested a weekly support zone and formed a double bottom on the 1hr timeframe. We waited from the break of the neckline before looking for an opportunity for a move to the upside. We will look to add in if we get a confirmed break of the previous daily high circled. Target the resistance at the top.
Traders, CADCHF came to our attention this week as we identified CHF (Swiss Franc) as a week currency. We paired this with our strong currencies and looked for set ups. CADCHF came and re-tested a weekly support zone and 1hr channel support. From that we saw a double bottom and traded the re-test of that price action. Looking for CADCHF to take out the daily high...
The Canadian Dollar is trading in two patterns simultaneously against the Swiss Franc. The senior formation is a channel up whose bounds have confined the pair since August 9. The junior one, however, is a falling wedge which was formed when the last wave down narrowed its trading range. The rate is currently stranded between the monthly R1 and the weekly S1...
Waiting for a possible bullish breakout for CADCHF after the BOC rate hike last week and Canada's continuous economic growth attracts investors (not to mention the short-term recovery of oil lately). Monitoring closely esp on Thursday (or will close position) right before SNB's interest rate decision--expected to not have any changes, but when it comes to SNB, we...
The cross gain more energy and try to breakout The market pressure confirm the intention of the price and the rise of CAD rates make it possible
Upside risks dominated the CAD/CHF exchange pair during the past two weeks, thus resulting in the formation of an ascending wedge. The Canadian Dollar accelerated following a breakout of a channel down and has subsequently surged up to the 0.79 mark where the monthly R2 is located. Trend indicators suggest that the up-trend is still strong; however, the pair...
The pressure are high, the level are critical, the long swap are positive, the cross growth are not saturated No Doubt about CADCHF skyrocketing For daily cross market pressure visit my twitter profile
Chart is selfexplanatory, looking for dips into 0.74xx to buy for a longterm trade.
This is my first published idea in Tradingview.
Hi traders: A nice short trade on CADCHF, as the 1 hr chart broke down support trend line, now looking for a lower high to develop to form to take it for a 1:1 risk reward trade. Thank you for your support and feedback.
If the weekly inside bar breaks to the up side, then the AB=CD may form. 0.8200 can be the target
8/18's candle closed above the 3 SMMA after closing below on 8/17. Therefore, I am expecting 8/21's candle to close above the 3 SMMA . I will be looking for buy signals on the hour time frame that look similar the buy signal on the daily that you see here (candle close below 3 SMMA , then candle close above 3 SMMA ). This is a day trading technique and I will...