CADCHF top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
CADCHF
CADCHF : Short trade Idea Bearish Indications
• Resistance Zone at 0.68708
• Double Top and failed to break the RZ
• Fib Level 23.6% as the Resistance level
• Gartley’s XABCD pattern supports a reversal in the area of 0.68587
• Seasonal Analysis Shows CXY remains Bearish over 50% in December month
• Seasonal Analysis shows SXY Remains 80% Bullish in December Month.
Bullish Indications
• Bullish Engulfing
• Significant Support Zone at 0.68627
Biased: Short
Entry Short: 0.68431
TP1: 0.68236 (Fib Level 38.2%)
TP2: 0.68085 (Fib Level 23.6%)
Stop Loss: 0.68734
Lot Size 0.31 x 2
Risk/Reward: 1:1.3
CADCHF is testing a resistance 🦐CADCHF after a long downtrend might have found a fist bottom.
The price is now testing a minor resistant and a retracement to the 0.382 Fibonacci level can be seen.
I will wait for a potential break and IF the market will satisfy the Plancton's Academy rules i will set a nice long order.
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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.
CADCHF - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for CADCHF .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
CADCHF - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on MONTHLY: Left Chart
CADCHF is trading inside a big range and now approaching the lower bound / support zone so we will be looking for buy setups.
on H4: Right Chart
CADCHF formed a channel in red but it is not ready to go yet.
Trigger => for the bulls to take over, we need a momentum candle close above the last high in orange.
Meanwhile, until the buy is activated, CADCHF can still trade lower inside the monthly support.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
💢BUY CADCHF at the best place and earn +70 pips💰🔰You can see the analysis of the Canadian dollar to Swiss franc currency pair in the 30-minute time frame (CADCHF_ 30min) 🔍🎁
✨Considering that the price has been able to break the Down trend line🖤 and pullback🧡 to it once, if the price can reach the intersection of the Down trend line🖤 and the Dynamic support line💜, it can rise up to the SUPPLY zone🔺🚀
Do you think this analysis can be profitable🧐❓
I hope the analysis was useful for you🤍🌹
________📈TRADER STREET📉________
CADCHF - short trade setupCADCHF looks strong to double it down, still looking bearish on all the time frames, and the moving averages of 20/50/200 are trending above it. A strong bearish engulfing candlestick closure bouncing off of MA 20 and making a new 4-hour low suggests selling pressure for CAD, which is also being heavily sold off by hedge funds.
CADCHF - Potential Bullish Reversal!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on MONTHLY: Left Chart
CADCHF is trading inside a big range and now approaching the lower bound / support zone so we will be looking for buy setups.
on H4: Right Chart
CADCHF formed a channel in red but it is not ready to go yet.
Trigger => for the bulls to take over, we need a momentum candle close above the last high in orange.
Meanwhile, until the buy is activated, CADCHF can still trade lower to form a new major high before breaking it upward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CADCHF LONG according to the structure this market has reached the lowest point it has ever been , looking at this position as a " position trade " buy to hold with extreme rewards and low risk
this is not investment advice as trading includes risk therefore proper risk management skills need to be applied
CADCHF - Retracement expected ✅Hello traders!
‼️ This is my analysis on CADCHF .
Here we are bearish from all timeframe perspective, so I am looking only for shorts. I expect price to make a retracement to fill the imbalance higher after taking out sell stop liquidity.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
Like, comment and subscribe to be in touch with my content!
CADCHF top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.