Cadchfidea
CAD/CHF 1H Chart: Channel Up CAD/CHF 1H Chart: Channel Up
The Canadian Dollar is trading against the Swiss Franc in a two week long ascending channel.
Up until Tuesday the currency pair moved relatively smoothly within the figure.
However, then it suddenly failed to break through a combination of the weekly and monthly PP, which were supported by the 55- and 100-hour SMAs.
As a result, it was forced to retreat to the top and to move along the moving averages, which has led to transformation of the channel into a rising wedge.
If the latter pattern actually guides movement of the currency pair, then it should successfully bypass the weekly R1 at 0.7720 and make breakout from the pattern somewhere around the 0.7740 mark.
BUY SET UP IN CADCHF - 4H CHARTHey guys!
Simple idea, look for a test to the trendline and fast reversal with a flag to buy will be our final confirmations for the trade (only those confirmations, nothing else!)
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Hey chicos!
Idea simple, buscamos un testeo en la tendencia y una reversión fuerte con bandera de compra para nuestra confirmación final (sólo si hace esos movimientos concretos, nada más!)
Carlos
What say you, Swiss Franc?From the previous two trading session, the Swiss Franc descended strongly against its major Forex currencies. An acquaintance of mine has told me that although no news of it was there, it seems that the SNB (Swiss National Bank) has intervened with the Swiss.
When I started stock and forex trading, I've already heard rumors and sayings that the Swiss Franc is a 'controlled currency.'
Several Swiss Franc pairs have reached several resistance/support; after two days of intense decline on the currency, I'm expecting some pullback where it may give a better entry position to be able to enjoy the ride!
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.
Please comment below and Like if you agree with my analysis.
CADCHF Short IdeaHello Traders,
Price is forming trend reversal pattern and strong divergence on macd, look to sell as much high as you can.
Good luck!
Cheers,
Jonas
CADCHF Look for an upside impulsive correction after sometimeHi Guys, I put my plenty of time understanding this structure, If my analysis is good down move is about to end and it will break that narrow wedge to upside and make a correction for further down. I will keep track of this as it progress. So LET it go little more down until it breaks out of structure to upside
CADCHF Watch For BreakoutCurrenty CadChf is pushing against the upper range and 14 EMA. By the current looks it might break at market close so watch the price carefully and enter a buy if it closes around the price displayed on the chart or higher. Stop loss at 0,7200. Take Profit at 0.7380
CADCHF Simple Resistance to Support TradeLooks like a great long opportunity. First T/P at a retest of the resistance area.
CADCHF D1 SELL SETUP WITH PIN BARhi guys if u like and coments and i post other setups 80% acuracy i m waiting ur likes and coments
CAD/CHFPossible short next week, Bullish Gartley, daily Trendline, If price prints below my Trendline that would confirm the move to the downside
CADCHF Sliding DownCHF seems to be strong across other pairs. I am short different pairs against CHF for some time now, but found this to be a nice entry point for new or already short positioned traders. It's not a pip harvest, but a comfortable setup for a potential small profit.
CADCHF 3TAP SHORT FOLLOW UPAs a follow up on my previous 3TAP short on CADCHF (see link below). I have sold half my position and holding the rest down to the resistance around 0.02003. Be ready Monday, because if it does not break 200MA which it's currently AT, it might reverse. For newcomers, wait for it to break 200MA and add a small position. It's a bit late to get in this for a bigger position.
CADCHF Double Bottom at daily structureHey guys,
i'm not trading until the new year but i want to give you some educational content.
On the left hand side we have a daily chart. As you may see recently we broke to the upside two big resistance levels and now we are coming back to retest this level.
The break and close above make me think the trend has changed and i think we may see another upmove.
As soon as price comes into that zone i'm looking for bullish opportunities: in the 4hr chart on the right hand side we see there's a double bottom with RSI divergence right at that level.
Usually i enter this kind of trade only with the confirmation given by an engulfing candle.
I pointed out the candle i'm watching. If it's going to close above the previous i think this may be a good buy.
If you have any questions, ask below.
Otherwise, see you in the next chart!
CADCHF Resistance LevelsDISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
So I've had a pretty crappy week of trading. Lost my focus last week after leaving money on the table on a trade and messed up my whole week. I started making impulsive trades instead of studying my way into trades. During one of my impulsive trades I noticed the CADCHF has been on an uptrend for a good while now. I remembererd what I've studied and learned and took a look to the left. Founf that it broke previous resistance from November 2015 and from April 2016. Now, Although it did break that resistance the price closed downards if you take a look at an hourly time frame. So I will stay put for now, just put this pair on my watch list. If it passes that resistance again, where will the next target be? Could it be the price from April 2015? Or could this be it for the bulls and now the bears kick in?
Always remember to not revengre trade, to study and know why you are getting in a trend and where you want it to go. Remember not to get attached. Trade it dont date it!
