CADCHF Short Trade Setup A #short trade opportunity recently presented itself on the #loonieswissy (#CADCHF) #trading chart 📉.
This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.66868 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 0.65000 psychological level and possibly testing the strength of the 0.64840 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
Cadchf4hr
CADCHF Trading Plan - 07/Feb/2024Hello Traders,
Hope you all are doing good!!
I expect CADCHF to go Down from these levels.
Potential B wave of bigger correction is almost completed.
Look for your SELL setups.
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Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
CADCHF SELLHello traders we are currently looking at CadChf Sell for very long time the cadchf has been on a down trend, at this point we wait for price confirmation if price fails to break level 0.66694 that means we would be expecting price to complete the neck line retest at level 0.67427 on the daily time frame (TF) and if price breaks lvl 0.66694 then we would see more of bearish movement, at this point in time we patiently wait for price confirmation thank.
CADCHF 4HRSHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
CADCHF HIDDEN BULLISH DIVERGENCECADCHF is putting in higher highs and higher lows on the 4 hourly chart. MACD is creating new lows while price is currently at a higher low giving us the divergence. using this we can look for bullish entries using your preferred method of entry with a stoploss under the previous price / divergence low.
Take profit can be set to a gap close or the recent range high.
risk for all trades is 2.00% maximum
this particular trade yields a 1:5 risk reward
CADCHF LONG! 4HR Pair has ranged Two Weeks at Buy Zone;
A look at individual Strengths/ Weakness should reveal when pair is ready for move.
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CADCHF LONG! Price Currently Trading Above Confluence of SupportRecomended: Confirm Buy levels with Buy-triggers for Long entries-- Or counter-trend on confirmed rejection at key-levels
Note that Strong CAD and Weak CHF are confluence for Long-setup; wait for more weakness on CHF considering CAD has been on the gain.
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Trading Pathways Analysis of CADCHF H4 Chart
The outlined white arrow pathway is the predicted pathway that the CADCHF will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where CADCHF will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
CAD/CHF gradually moves to southCAD/CHF 4H Chart: Channel Down
The Canadian Dollar is trading against the Swiss Franc in a three week long descending channel that represents a rebound of the currency exchange rate from the upper edge of a dominant long-term ascending channel. Over the previous week the Loonie depreciated against the Franc by 1.16%. A rebound from the monthly R1 at 0.7786 indicates that now it will try to restore lost positions and get back to the 0.7885 level.
There is a high chance that the pair is going to fail to do that due to combination of the 100- and 200-hour SMAs as well as the weekly PP at 0.7858. Regardless of the result, in larger perspective the currency rate is projected to continue to move in the southern direction, aiming to reach the bottom edge of a dominant ascending channel.
Short CADCHF Longterm based on 4H ChartBrief overview: Looking at the CADCHF over multiple timeframes, I believe there is an opportunity to short this pair. After the recent rally on the 4H chart, we can see price was met with a strong resistance and dropped back down to a recent support level. We have downward momentum on multiple timeframes and I'm waiting for confirmation before activating this trade.
Note: I have decided from here on, not to disclose my detailed analysis, entry/exits or stops publicly. Therefore, any upcoming trade ideas will include only a brief overview as above.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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