CADCHF
CADCHF - Breaks out the range or reject ⁉️Hello traders!
‼️ This is my analysis on CADCHF .
Here we are in a range for couple of weeks, so I expect price to reject from resistance + institutional big figure 0.73000 or if breaks out the range, I will look a re-test of resistance and the will open a long.
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CADCHF: Bearish Setup Explained 🇨🇦🇨🇭
CADCHF reached a falling trend line on a daily last week.
Approaching that, the price formed a head and shoulders pattern on 1H time frame.
Its neckline was broken on Friday.
I believe that the pair will keep falling.
Goal for sellers - intraday rising trend line.
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CADCHF up then DOWNCADCHF is clearly in a down trend with a bear channel.
We can expect a bit of upside where price could breakout of an Ascending Triangle. Then it will test the top of the channel at 0.7344 before it comes down to the next target around 0.7068.
Concerns: The 7MA looks like it wants to cross above 21MA - Bullish.
However, price is still below the 200MA so I'm bearish with this analysis...
CADCHF Next Possible MoveTechnical Analysis Chart Update
CAD / CHF ( Canadian Dollar / Swiss Franc )
Time Frame - H2
Bearish Channel in Long Time Frame #LTF
Bullish Channel in Short Time Frame #STF
Currently Standing at the Demand Zone need Strong Bearish Price Action for Sell
Selling Divergence in #RSI
" ABC " Correction Done will again Follow Impulsive Waves
CADCHF - 4hrs ( Buy Trade After Break Tp Range 100 : 230 PIP ) 💲Pair Name : CAD/CHF
🗨Time Frame : 4hrs
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Long Side ( After Break )
Type : Mid Term Swing
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Bullish Break
0.72850 Area
Reasons
- Major Turn level
- Visible Range Value
- Prev Day High
- Inner Trend Break
- Fixed Q lvn Area
Bearish Reversal
0.73500 Area
Reasons
- Major Turn level
- Visible Range Value
- Fixed Range Lvn
- Prev Q / low
- Pattern Mid Target
- AB = CD mid Target
Bearish Reversal
0.75300 Area
Reasons
- M / Turn level
- Fixed Range Q / Value
- Pattern Full Target
- Prev Month High
CAD/CHF Creating Inverted H&S Pattern, Entry After ConfirmationThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Joe Gun2Head Trade - Intraday Bullish Flag on CADCHFTrade Idea: Selling CADCHF
Reasoning: Intraday Bullish Flag on CADCHF
Entry Level : 0.7246
Take Profit Level: 0.7291
Stop Loss: 0.7225
Risk/Reward: 2.1:1
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CAD/CHF (Buying Opportunity)Long Call on FX:CADCHF
Triangle break-out to the upside!
It might retest the fib. level and go for a bull move or can directly shoot at the targets.
You can open a half lot and if it retests you can open the other half at that time.
Trade your levels accordingly!
Best of Luck!
Your feedback would be appreciated!
Analysis cadchf : 📅 10/5/2022CADCHF analysis:
Due to the formation of a downward trend, it is possible to enter into the transaction by following the capital management at the ceiling of the trend
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price: 0.72400
sl: 0.72900
tp1: 0.71850
tp2: 0.71500
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👤 Alireza hajighasem : @alirezahajighasem
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📅 10.5.2022