Cadchfidea
CADCHF, daily tf, sell on break of ascending supportHello my friends,
I hope you all enjoyed weekend. I just checked some pairs for September trading plan and this pair looks very interesting to me.
This pair not yet filtered by my screener but i think it will soon come to my sell position screener.
What i am waiting for now, is a confirmation that price break below the ascending support line with a solid candle close. The moment that parabolic SAR indicator switch from below to above the price, it will fully confirm to take sell positions. Notice also there is a possibility bearish divergence forming on stochastic.
I posted this in advance to let my fellow friends know it before hand so we will take sell position together when it confirmed. As long as price holding above the support then we will not take sell position yet. Only sell when we got our confirmation.
The trade will look like this when it is active
Sell CADCHF @0.6870
Stop loss @0.6955
Take profit 1 @0.6765
Take profit 2 @0.6670
RR ratio is 1 : 2,35
Use only 1-2% risk
Good luck
CADCHF - BULLISH BIASCAD - BULLISH
1️⃣ CAD was lifted by a rise in oil prices after tropical storms Marco and Laura hit the Gulf of Mexico and amid optimism about coronavirus treatments.
CHF - BEARISH
1️⃣ The global risk sentiment remained well supported by hopes of a potential vaccine and treatment for the COVID-19 virus. This coupled with a positive trade-related development further boosted investors' confidence.
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TECHNICAL
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- We are buying this pair on pivot point + SMA 100 area + RBS level on H1 chart.
- CADCHF on bullish zone.
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RISK TO THIS TRADE
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- This trade will hit stop loss if oil prices going down.
CAD/CHF Buy biasFrom my analysis currently CAD overall is on an uptrend. we should wait and see whether this level able to hold or not. Dont rush to enter because it has a huge rejection after hitting the resistance level. there is quite high probability that this level will not hold from the current bearish pressure. however if it does hold, then it is good to buy at least to retest the resistance one more time.
CAD/CHF MULTI-TIMEFRAME ANALYSISGood day trader's, here's my day thirty-eight video of the #100DaysofTechnicalAnalysisChallenge. CAD/CHF caught my interest and here's a full breakdown on it. I'm NEUTRAL on this till i get a possible directional bias that suits my trading criteria. Let me know your thoughts on it in the comments. Please do like and follow thank you.
CADCHF, WAIT FOR THE BREAK.*ENG*
- Price consolidating inside our breakout box.
- The entry will be according to the side that price breaks.
- If price breaks very impulsively, wait for the retest of this zone and then enter.
*PT*
- Preço a consolidar dentro da nossa box.
- A entrada será de acordo com o lado da quebra da mesma.
- Se o preço quebrar impulsivamente, procurar por um retest e entrar após o mesmo.
CADCHF signal (LONG)Hello friends.
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Everything on the chart.
open pos: market
targets: 0.692 and 0.694
after first target reached move ur stop to breakeven
stop: 0.683 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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It's not financial advice.
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CADCHF - BULLISH BIASCAD - BULLISH
1️⃣ Higher oil prices on the back of a bigger-than-expected drop in US crude oil inventories last week according to both the EIA and API.
2️⃣ All major economic data in Canada printed well.
3️⃣ CAD also supported by a weaker dollar amid a lack of progress in negotiations on a new US coronavirus relief package.
CHF - BEARISH
1️⃣ The SNB President Thomas Jordan has been reiterating the CB will continue to intervene strongly in the foreign exchange market to stop the rise of the highly valued franc in order to prevent deflation and protect the export-orientated economy.
2️⃣ Switzerland is expected to maintain its ultra-expansive monetary policy for some time as it is facing the sharpest downturn since the aftermath of oil price shocks in the 1970s.
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TECHNICAL
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- We long CADCHF on RBS level + SMA50 area.
- CADCHF on bullish zone.
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RISK ON THIS TRADE
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- This trade will hit stop loss if market sentiment turns to risk-off. Also, falling in oil prices will pressure this pair.
CAD/CHF Short with Bearish DivergeneGood day, snipers. Here in the CAD/CHF , we have multiple confirmations to go short. TECHNICAL ANALYSIS first on the 4H time frame, price broke out of the ascending trend line and retested it completely then rejected it on the 1H time frame. Price also rejected the previous resistance and is in a bearish divergence on the RSI. FUNDAMENTAL ANALYSIS next is about the CoT report. Currently, net positions regarding the CAD are being sold while the CHF is being bought the previous week. Specifics are discussed with the team and accurate entry, SL and TP are sent too.
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Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
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CADCHF - BULLISH BIASCAD - BULLISH
1️⃣ Oil prices rose on the back of Saudi Aramco’s upbeat view on Asian demand and as Iraq pledge to deepen production cuts.
2️⃣ All major economic data in Canada printed well.
CHF - BEARISH
1️⃣ The SNB President Thomas Jordan has been reiterating the CB will continue to intervene strongly in the foreign exchange market to stop the rise of the highly valued franc in order to prevent deflation and protect the export-orientated economy.
2️⃣ Switzerland is expected to maintain its ultra-expansive monetary policy for some time as it is facing the sharpest downturn since the aftermath of oil price shocks in the 1970s.
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TECHNICAL
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- We long CADCHF on RBS level + SMA50 area
CAD/CHF price at resistance area💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
CAD/CHF is in downtrend. We believe this trend will continue and price will continue it's down movement.
Let us know what you think about this idea.
Trade safe !
CAD/CHF H4 SellMarket sentiment seems to be on the positive side at this time, risk-on currencies could see some positive upside move throughout the rest of the Asia session... however we could see a change during the EUR session so I'm looking to sell CAD anticipating a bearish market mood and continuation of the downward trend.
WHY WE LOOK TO SHORT CADCHF?=====
MARKET OUTLOOK
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CAD - BEARISH
1️⃣ Oil price gains are capped by concerns the resumption of COVID-19 in America will curtail demand.
2️⃣ Flaky risk sentiment are hampering the Loonie.
CHF - BULLISH
1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases.
2️⃣ Risk-off markets sentiment will help Swissy.
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TECHNICAL
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📊 We look to short #CADCHF on SBR level + SMA50 area.
📊 CADCHF in bearish zone.
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MONEY MANAGEMENT
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💵 Please use only 1-2% risk per trade or you can use recommended lot in pinned message.
CAD/CHF: Waiting for the Next PhaseI been mostly busy lately, but that didn't stop me from wanting to do an entry for the CADCHF pair before market close. Right now, the bearish action is making me anxious and some people may think this could be sign of a sell off, but I think it is actually due to market hours. Looking at the continuation pattern, I expect the upcoming wedges to be more towards signs of bullishness. I also think the next phase is likely positive. That being said, everything I say is on an opinion based basis. Please pursue at your own risk. Do your own due diligence and this is not meant to be taken as actionable financial advice.