Get started

CADCHF

CAD/CHF Trade Setup: Breakout Retest with High R/R OpportunityThe CAD/CHF pair has displayed significant bullish momentum, successfully breaking out of a strong consolidation zone that has persisted since August. This consolidation pattern resembled a rectangle, providing a clear range for price action. The breakout above this range indicates a potential shift in market sentiment, favoring buyers. Key Technical Observations Breakout Confirmation: The price has decisively closed above the upper boundary of the rectangle, confirming a breakout. This breakout signals increased buying interest and opens the path for further upside potential. Support and Fibonacci Confluence: The previous resistance zone of the rectangle is now expected to act as a support area upon a retest. Notably, this area aligns with the 0.382 Fibonacci retracement level, further reinforcing its significance as a potential demand zone. Bullish Continuation Bias: The breakout aligns with broader market trends and technical indicators, suggesting a continuation of bullish momentum if the support area holds. Trade Setup The following trade setup is proposed for CAD/CHF based on the outlined technical framework: Entry Zone : Near 0.63600 (retest of the previous resistance-turned-support). Stop Loss: Near 0.62800 (below the support zone to account for volatility). Take Profit Levels: TP1: 0.64400 (initial profit target near minor resistance). TP2: 0.65200 (mid-term target in line with historical levels). TP3: 0.66000 (extended target, capturing the broader bullish potential). Risk-Reward Assessment This setup offers an attractive risk-to-reward ratio with a controlled downside (80 pips) and substantial upside potential at each target: TP1: +80 pips (1:1 R/R). TP2: +160 pips (1:2 R/R). TP3: +240 pips (1:3 R/R). Market Conditions to Monitor Retest Validation: Ensure the price action confirms support near 0.63600, such as a bullish reversal candlestick or increased volume. Fundamental Events: Monitor economic data releases and geopolitical developments affecting CAD or CHF to avoid unexpected volatility. Momentum Indicators: RSI and MACD should sustain bullish trends, supporting the continuation of upward momentum. Conclusion The CAD/CHF pair presents a high-probability trading opportunity following its breakout from a well-defined consolidation zone. A retest of the newly established support area near 0.63600 offers an ideal entry point. Traders are advised to remain vigilant and adhere to the defined risk management parameters to maximize potential returns while minimizing exposure. This report is for informational purposes and does not constitute financial advice. Always conduct your due diligence before entering any trade.
Long
by trading_jupiter
Could the price reverse from here?CAD/CHF is rising towards the pivot which is a pullback resistance and a reversal from this level could indicate a double top pattern which might lead to a potential price drop to the 1st support. Pivot: 0.63555 1st Support: 0.63121 1st Resistance: 0.63754 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
CADCHF Massive Short! SELL! My dear subscribers, CADCHF looks like it will make a good move, and here are the details: The market is trading on 0.6349 pivot level. Bias - Bearish My Stop Loss - 0.6373 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.6302 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
CAD/CHF: Ready to Break Out? Edge-Forex is Bullish on This One!So, here’s where we’re at: CAD/CHF has been hanging out in this tight box between 0.6230 and 0.6430 for a while, just begging for a breakout. And Edge-Forex is calling it – we’re leaning bullish on this setup. Here’s why. 👀 Top of the Range Pressure 💥 Right now, price is sitting right up against that 0.6430 resistance, and with the way momentum is building, it’s looking ready to pop. If it breaks above, this could be our ticket to a bullish ride up. RSI is Supporting the Move 📊 RSI is up around 65 – not quite overbought, so there’s room to push higher if this breakout takes off. This is a classic bullish sign, especially with price testing resistance at the top of the range. Breakout Targets 🎯 If we see that breakout hold above 0.6430, our first stop is 0.6550. And if things really get rolling, 0.6700 isn’t out of the question. Edge-Forex sees potential for some solid gains here if we can clear this level with strength. How We’re Playing It: Bullish Entry: Jump in on the confirmed breakout above 0.6430. We want to see a solid close above this level – not just a quick fakeout. Protective Stop: Set it below 0.6230. If it dips back down, we don’t want to be caught holding the bag. Target 1: 0.6550 – the initial resistance to aim for. Target 2: 0.6700 if the bulls really take control. 🐂 Edge-Forex is bullish, but we’re watching that 0.6430 level like a hawk. If it clears, this could be a smooth ride up. But if it fakes out, be ready to adjust. Let’s see if CAD/CHF is ready to reward the bulls. 🚀
Long
by EdgeDotForex
CAD/CHF "Dollar-Swiss" Bank Robbery Plan on Bullish SideHallo! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist CAD/CHF "Dollar-Swiss" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point Stop Loss 🛑 : Recent Swing Low using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
CADCHF - Long Trade IdeaThis is a long idea on CADCHF. Not a pair I trade, but just an intraday analysis for fun. As a target, looking at the equal highs above. Entering on the orderflow on the hourly timeframes. Only issue is this is still at premium of the range, so although price has been quite efficient on the way up, i'm curious if price will come to discount regardless before heading up.. if it even heads up in the first place. Entering off the CS +OB 7h framework. SL below the wick into the 11h BISI. Target is BSL DOL. - R2F
Long
by Road_2_Funded
2
CADCHF Strong short-term buy signal.The CADCHF pair is about to test its 4H MA50 (blue trend-line) as it is coming off a 2-month Support Zone rebound. A break above the Channel Down would confirm the buy signal but with the price within a consolidation Rectangle pattern, the risk of buying after a Support rebound is low. At the same time, the 4H RSI also rebounded exactly on its 30.00 oversold barrier. Similar rebounds have delivered at least a +1.37% rise, so at this stage our Target is 0.62700. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1