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How I Caught the Spike on CADCHF Using Market StructureHow I Caught the Spike on CADCHF Using Market Structure 🚀 In this video, I’ll show you how I successfully caught the spike on CADCHF using the Market Structure strategy. By understanding and applying key principles of market structure, I was able to identify this profitable opportunity. Plus, we'll revisit my recent video prediction on USDCNH, where I correctly called the potential spike drop! We’ll cover: Detailed explanation of the Market Structure strategy Step-by-step analysis of the CADCHF trade setup Key indicators and signals that led to the spike Practical tips for applying Market Structure to your own trades Recap of the successful USDCNH prediction and its implications Join me as I break down these exciting trades and share insights to help you master the Market Structure strategy. Don't forget to like, comment, and subscribe for more trading tutorials and expert analysis. Let's capture more spikes together! 🚀💹 And remember to hit the Boost Button on this video to support our Trading View community! Disclaimer: Forex trading involves significant risk and is not suitable for every investor. Carefully consider your financial situation and risk tolerance before entering any trade. Always perform your own research and seek advice from a licensed financial advisor if needed.
Short
by TruthakaWallStreetakaCookie
CADCHF short idea CAD/CHF currency pair is exhibiting significant bearish potential, driven by anticipated actions from the Bank of Canada (BOC) and the overall bearish trend of the US dollar, which indirectly impacts the Canadian dollar. Fundamental Analysis : Bank of Canada's Monetary Policy: The BOC is widely expected to lower interest rates in the near future. A rate cut would weaken the Canadian dollar as investors seek higher yields in other currencies. The dovish stance of the BOC is a key bearish factor for the CAD/CHF pair. US Dollar's Bearish Outlook: The overall bearish sentiment towards the US dollar also indirectly impacts the Canadian dollar due to the close economic ties between the US and Canada. As the US dollar weakens, it often leads to a spillover effect, dragging down the Canadian dollar further against other currencies, including the Swiss franc. Technical Analysis : Technically, the CAD/CHF pair has recently shown signs of downward pressure, breaking below key support levels. Momentum indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a continuation of the bearish trend, reinforcing the downside potential. Conclusion : Given the Bank of Canada's likely rate cuts and the overall bearish trend of the US dollar, the CAD/CHF pair is poised for further depreciation. Traders should consider this an opportune moment to explore short positions, anticipating continued weakness in the Canadian dollar against the Swiss franc.
Short
by Metow1sw
CAD/CHF: Bearish Harmonic Pattern at Key Resistance LevelThe CAD/CHF currency pair is presenting a compelling shorting opportunity based on a confluence of technical factors. A Bearish Harmonic Pattern is currently unfolding, with Point D, also known as the Potential Reversal Zone (PRZ), situated at a critical resistance level. This strengthens the bearish case as price tends to find rejection at these confluence zones. Harmonic Pattern and Resistance: The specific Bearish Harmonic Pattern in development is not explicitly mentioned, but the key takeaway is the presence of Point D at a resistance area. This area has previously acted as a barrier to price advancement, and a retest often leads to a reversal. The confluence of the pattern completion and resistance adds significant weight to the bearish bias. Bearish RSI Divergence: Further bolstering the bearish case is the presence of Bearish RSI Divergence on both the 1-hour and 4-hour timeframes. RSI divergence occurs when price makes a new high (or low) but the RSI indicator fails to confirm the move, printing a lower high (or higher low). This divergence suggests a weakening bullish momentum, potentially leading to a price reversal. Trendline Support Turned Resistance: Adding another layer of confirmation is the fact that Point D coincides with the 4-hour trendline. This trendline, which was previously acting as support, has likely been broken and is now functioning as resistance. This reinforces the notion of a bearish shift in momentum. Entry, Stop Loss, and Take Profit Levels: Based on the confluence of technical indicators, a short trade is recommended with the following parameters: Entry: 0.66710 Stop Loss: 0.67025 (placed slightly above the broken trendline resistance) Take Profit Levels: TP-1: 0.66395 TP-2: 0.66080 TP-3: 0.65765 (These profit targets are strategically placed at key technical levels or at a predetermined risk/reward ratio) Risk Management: It's crucial to employ proper risk management techniques for this trade. The stop loss should be placed above the broken trendline resistance to account for potential retracements. The take profit levels offer a favorable risk-reward ratio, allowing for potential profit even with a conservative approach. Conclusion: The CAD/CHF presents a strong shorting opportunity based on a Bearish Harmonic Pattern, Bearish RSI Divergence, and a broken trendline acting as resistance. The confluence of these factors suggests a high probability of a bearish reversal. However, as with all trading strategies, proper risk management is essential.
Short
by trading_jupiter
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
Short
by charles-okoukoni
2
CADCHF Quick sell 1:3 Risk reward ratioI took a sell on friday on cadchf and i am currently in a draw-down on one of the trade but i strongly believe that the trade would drop from here because there is alot of head and shoulder patterns on multiple time frames suggesting it will drop and alot of confluences. I entered another trade again on a smaller timeframe again with fewer pips risk to add to my position. I see cadchf dropping all the way to that juicy zone down there Let me get your take on this signal and kindly follow and leave a boost thanks!
Short
by ForexPotatoe
CADCHF Short IdeaMARKET PHASE OANDA:CADCHF is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has started it's initial move down but due to the velocity of the downward move, it's gapped some orders around 0.65272. Price is likely to retrace to this level before continuing downwards. TRADE I will be entering short on OANDA:CADCHF with the following parameters: Sell Limit: 0.65272 Stop Loss: 0.65397 Take Profit: 0.65022
Short
by Mankz