Bearish CADCHF, but wait for retracementClear downtrend happening now on CADCHF, waiting for a retracement with a clear rejection before entering with a selling position.
Cadchfshort
CADCHF SHORT OPPORTUNITYThe risk here is that the CAD has been showing some strength across the board, however there is a solid break of the ascending channel which appears to be a complex pullback after an important rejection of a key area from HTFs.
Price is likely to create a new low before doing anything else, however before doing that, we could see price to capture some liquidity by breaking current intraday equal highs. Will see how it develops
CADCHF SetupCADCHF is trading in a parrallel bearish channel, making swing lower high and lower lows.
We are expecting bears to drag the price from the resistance zone.
Trade your levels accordingly.
Don't forget to share your valuable feedback in comment section.
Check our other Forex and Crypto Setup on Profile.
CADCHFHello traders. Due to the failure of the 4-hour trend time frame line, I expect the second and third waves of correction to be like this. Be profitable.
CADCHF Price analysis towards the buying area.CADCHF is showing bullish market and not overbought it will continue move towards the level of 0.7348 on next trading session.
Analysis - Stoch is showing market is bullish and not overbought./RSI is in no trading zone at the point of 59 which is very risky to trade and market if CADCHF pair is moving toward the next higher resistance at the level of 0.7348.
Cadchf Sells 0.74600cadchf: currently running for almost 30 mins now, still holding and am interested for upcoming 4 hour candle closure at 1pm est. From my analysis yesterday night est, the "spike and wick here" at my line at the 0.72600 did in fact happen. How did i know? Thus, also where my entry was this morning and for those that are holding with me, my tp remains open for this trade setup
LONG on CADCHFSince March of 2021 this pair has been in somewhat of consolidation. constantly hit support or resistance and reversing from it like clockwork.
Price is currently in the support area and has broken out of a descending triangle on the 1hr timeframe with a massive bullish candle showing on the daily timeframe.
I expect price to reach back up to the resistance area or very close to it before starting to reverse back down. We also have a golden cross on the MACD with volume.
My entry, sl and tp prices should be marked on the chart.
Thanks.
CADCHF SHORT SELL CADCHF (@ 0.7176)
Take profit 1 at 0.7144
Take profit 2 at 0.7114
Take profit 3 at 0.7064
Stop loss at 0.724
CAD/CHF: more Bearish continuationHello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the asset , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Monthly timeframe:
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
The market is currently following a descending channel and as you can see on the chart, at the beginning of this channel, the most trading activity was on the higher part, clue that the buyers were still trying to push the price up.
Recently the view is changed, in fact sellers now seem to be very aggressive, just look how quickly they reject the price!
When, where and why would I step into the market?
Considering the recent trading activity on the lower part of this dynamic value area, I will be only looking for sell positions.
I will patiently wait a price retracement back to the higher value of the channel and only in that moment (if it will happen), I will be looking for a bearish price action and a good entry point with a RRR of 1:2 or greater.
My SL would be above the channel and my first TP around the middle line.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
CAD Daily strength goes strong sideMoreover, CADCHF goes down the the Demand Zone as shown. Good Luck!
CAD/CHEF Good Time to Short ?? Observing the chart, Following DOW theory and Support and Resistance
Is it good time to SHort CAD/CHF ??
Like and follow for more ideas and updates.
THank you :)
CADCHF SHORTS UPDATE 📉📉📉We are currently 4R UP, we have strong bearish momentum in play on this chart. I would leave my take profit into bearish orderblock area on h4. Just wait and be patient there is no rational reason to close the shorts
What do you think ? Comment below..
CADCHF 4h short (running)CADCHF, i entered at the red downwards lvl at the 0% lvl targeting the 100% on the bottom, clearing out all levels. Taking partial profits.
CADCHF SHORTS 📉📉📉We are in a bearish market structure on a HTF premise, price is rejecting right now a bearish breaker area. We have a lot of bullish imbalances that price will tend to fill this days.
LETS GO TO THE DOWNSIDE?
Do you agree ?
CADCHF Trade IdeaThe CADCHF has just broken a previous low, I'm looking at layering in short positions. There's a price gap under which could give us an opportunity if it gains momentum. This is more of an introductory trade setup.
CADCHF long position
CADCHF right now its in a decent upward move and price has been respecting the trend line and its doing the same thing again, so i am still looking for buys
CADCHF - Catch This Big Wave ⚡️
CADCHF is currently showing us the perfect correction. In Elliot wave theory, this correction is called a Flat correction made up of 3-3-5.
3 waves - WXY (Wave A)
3 Waves - WXY (Wave B)
5 Waves - 12345 (Wave C - we are currently in the bigger Wave C)
Following on from our last CADCHF post, we have seen the wave 1 and now retracing for wave 2. Wave 3 is typically the biggest move so it would be best to trade that wave.
Trade Idea:
- Watch for bearish price action at the 61.8 fibonacci level and take CADCHF down.
- Stoploss above the rejected price
- For take profit, once price moves down, use a descending trendline to manage your trade and exit when price breaks that.
Goodluck and trade safe!
CAD/CHF 4HR CHART SELL Hi everyone this is my trade set up for the CAD/CHF
This is my analysis only please trade with caution and risk management in place
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
good luck for this weeks trading
please like and comment both are welcome thanks
