CADCHF potential bounce!
CADCHF expected to reverse up to 1st support at 0.69716 where it could potentially react and bounce to its resistance at 1st resistance at 0.67494
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Cadchfanalysis
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.
Check comments section for future updates on idea.
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CADCHF: BULLISH IN UPCOMING YEAR .Thanks for Taking Interested in my Trading Idea.
CADCHF: BULLISH IN UPCOMING YEAR
WE HAVE SEEN A VERY STRONG FALLING WEDGE PATTERN IN MONTHLY TIME ZONE.
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CADCHF potential bounce!
CADCHF expected to reverse up to 1st support at 0.73509 where it could potentially react and bounce to its resistance at 1st resistance at 0.73889.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF SELL Swissy is looking strong across all pairs, currently having a minor retracement, looking to hop on the continuation downwards for this particular pair. Wait for multiple 4 hr candle body's to close which are showing rejection of the purple zone given. Taking this all the way down to the -61.8.
265 PIP GAIN 9/1 RR
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
CADCHF Looking for Short EntryThe chart shows clearly what I am looking at here. We have the impulse wave down breaking below the support zone and now I am looking for a sell opportunity in this pair. I will then aim to ride the wave down to the longer term trend line below!
I am looking for a pullback up to the support/resistance area before awaiting confirmation on a sell trade. If price doesn't pullback to the highlighted area I will be skipping this trade.
We have a 3.5 Risk Reward ratio on this trade.
CADCHF analysisCADCHF analysis
**Disclaimer**
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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CADCHF Elliot Wave Short Setup: Triangle inside TriangleHere is an update on CADCHF.
A few weeks ago I published an analysis suggesting a triangle pattern could lead to a sell-off on CADCHF. Since then we've experienced a further contraction in price action, but everything is visible now and still in line with the Elliot Wave principle.
One of the guidelines for a Triangle pattern is that wave "e" of the triangle can also sub-divided to a triangle and that's what happened in the case of CADCHF as you can see in the chart above.
This gives us a high probability set up with a high risk to reward ratio. Price has already triggered the confirmation level so we could see a rapid sell-off for the rest of the week.