CADCHF
CADCHF: Short Signal with Entry/SL/TP
CADCHF
- Classic bearish pattern
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short CADCHF
Entry - 0.67882
Sl - 0.68176
Tp - 0.67444
Our Risk - 1%
Start protection of your profits from higher levels.
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CAD/CHF Set To Fall! SELL!
My dear followers ,
My technical analysis for CAD/CHF is below:
The market is trading on 1.67896 pivot level.
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.67692
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
CADJPY - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
AUDCHF I Will retest neck of double bottomWelcome back! Let me know your thoughts in the comments!
** AUDCHF 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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💱 CADCHF - Consolidation before the breakthrough CADCHF is forming a triangle. Inside the range, I drew a local upward support line to clearly understand the situation. A consolidation is forming that prepares the price for a resistance breakout.
TA on the high timeframe:
1) A consolidation in the 0.68000-0.67200 range is forming after a rally to 0.68030. Buying market is quite strong
2) The liquidity area, which is interesting for the price, is above 0.68000, a false breakdown is possible.
TA on the low timeframe:
1) Price forms a pullback to 0.382 Fibo and returns behind 0.236, confirming a local support line.
2) Nearest retest of the triangle resistance will cause price to go through it.
3) If resistance is broken through, the strengthening of the currency pair will continue. Medium-term target - resistance at 0.69332
Key resistance📈: 0.68030
Key support📉: 0.67827, 0.67727
CADCHF HigherTrying CADCHF higher here.
We've recently broken out of the 100 DMA which has been a good indicator of trend for a while.
I think the narrative has changed, CAD is doing well with a hawkish BoC and a good economy while i think that the SNB could disappoint on Thursday. CHF has been bought for a while on the basis of global growth worries which i think subsided a little recently with new china stimulus and overall global economies not rolling over in terms of hard data. Oil is mixed and but not suggesting lower either.
rate differentials are pointing higher which should help.
sentiment is starting to move higher and positioning is still fairly short on CAD which should help the move higher as well.
Not trading/investment advise, feedback welcome!
CADCHF: Top of the 1 year Channel Down. Sell opportunity.CADCHF is approaching the top of the Channel Down pattern since May 2022, which is a little lower than the 1D MA200. The 1D technicals have turned green (RSI = 58.741, MACD = 0.003, ADX = 49.805), which indicates that we are entering the long term sell zone. The ideal sell confirmation will be after the 1D MACD makes a Bearish Cross. We will after the Cross is completed and target the LL trendline (TP = 0.63000).
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CADCHF → Price is squeezing to 0.68000FX:CADCHF is forming a trend change. On the chart, we see an upward price channel, within which the price rests against the key resistance at 0.68000. What can we expect from the price in the nearest future?
Resistance at 0.6800 has been forming since the end of March and has numerous confirmations. We can interpret the price squeeze to the level as consolidation of the buyers and gradual readiness of the market to break through this area in order to strengthen the price.
Earlier there was a false breakdown of the trend support, after which the price forms an active bullish impulse.
Support levels: lower trendline, MA-50, 0.67630, 0.67194.
Resistance levels: 0.68030, 0.69312
I expect that gradual rise in price to the resistance level after the next retest will break this area and the bulls will be able to continue the growth with the aim to reach the level of 0.69312.
Regards R.Linda!
CAD/CHF : A Long Setup Opportunity 📈Hi everyone!:)
- Looking at the weekly charts, there's a strong upward trend that's also showing on the daily charts. This tells us the overall trend is quite bullish.
- If we look at the 4-hour charts, there's a good break above a key monthly pivot point level at 0.67768.
- On the 1-hour charts, we see a bullish engulfing candlestick closure, which also suggests an upward move.
- But be careful of the 0.68000 mark. This is a level that a lot of traders might be looking at. So, keep an eye on it and make sure to manage and adjust your risk in case things turn around.
good luck!:)
CADCHF Potential DownsidesHey Traders, In today's trading session, our focus is on the CADCHF currency pair, specifically looking for a potential selling opportunity around the 0.68400 level. CADCHF is currently experiencing a downtrend and is presently in a correction phase. During this correction, the pair is approaching a significant support and resistance zone at the 0.68400 level, which could act as a crucial level for determining the pair's future direction.
It is worth noting that this week, the Swiss National Bank (SNB) is holding a meeting, which makes it an event to watch closely. Market participants will be interested in any announcements or measures taken by the SNB to combat the depreciation of the Swiss Franc (CHF). The SNB's actions can potentially influence the CADCHF pair, as efforts to strengthen the CHF might contribute to a resumption of the downtrend in CADCHF.
By keeping an eye on the SNB meeting and its impact on the CHF, traders can gain insights into potential movements in the CADCHF pair. If the SNB takes steps to bolster the CHF, it could potentially weigh on the Canadian Dollar (CAD) and contribute to a continuation of the existing downtrend in CADCHF.
Therefore, it is important to monitor the SNB meeting and its potential effects on the CHF, as this could provide valuable information for assessing the future direction of the CADCHF pair.
Trade safe, Joe.
CADCHF Potential UpsidesHey Traders, In the upcoming week, our focus will be on monitoring CADCHF for a potential buying opportunity within the 0.66950 zone. CADCHF has been experiencing a downtrend, but it has recently broken out from this trend successfully. Presently, CADCHF is undergoing a correction phase and is approaching the retrace area near the support zone of 0.66950.
Trade safe, Joe.
CADCHF - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
CADCHF is overall bearish trading inside the falling broadening wedge pattern in red, and it is currently sitting around the upper trendline.
Moreover, the zone 0.68 is a resistance zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As CADCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CADJPY Potential UpsidesHey Traders, In today's trading session, our attention is directed towards CADJPY, as we closely monitor a potential buying opportunity around the 103.900 zone. CADJPY is currently displaying an upward trend and is approaching a critical support level at 103.900, which holds significant importance.
Furthermore, we are factoring in the latest development of an unexpected and hawkish rate hike by the Bank of Canada. This unforeseen decision has led to a surge in strength for the Canadian dollar, further adding to the potential attractiveness of considering long positions in CADJPY.
Trade safe, Joe.
CADCHF Potential UpsidesHey Traders, in today's trading session, we have our eyes on CADCHF for a potential buying opportunity near the 0.67400 zone. CADCHF is currently in an upward trend but undergoing a correction phase, approaching the significant 0.67400 support and resistance area. Additionally, we are considering long positions in Canadian dollars due to the recent Bank of Canada monetary policy and an unexpected rate hike.
Trade safe, Joe.