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Cadchfshort

**Forex Trade Analysis - CADCHF** 📉 **Forex Trade Analysis - CADCHF** 📉 Hello traders! 👋 Let's dive into a technical analysis of the CADCHF forex pair on the 1-hour chart. We've got an interesting setup that we can explore for potential trading opportunities. Remember, this analysis is for educational and informational purposes only and should not be considered as financial advice. ## **Chart Overview:** - **Trend:** Bearish 🐻 - **Divergence:** No - **Continuation Pattern:** Bearish Rectangle 📦 ## **Technical Analysis:** The CADCHF pair is exhibiting a clear downtrend on the 1-hour chart. The Relative Strength Index (RSI) does not show any divergence, indicating that the momentum of the downtrend is consistent and not showing any signs of reversal. Moreover, a bearish rectangle pattern has formed, suggesting a potential continuation of the bearish trend. ## **Trade Plan:** - **Entry - Sell Stop:** 0.64933 - **Stop Loss:** 0.65645 - **Take Profit:** 0.64594 ## **Trade Rationale:** With the ongoing bearish trend, lack of divergence on the RSI, and the formation of a bearish rectangle pattern, there is a potential opportunity to capitalize on further downside movement in the CADCHF pair. ## **Risk Management:** It's important to always manage your risk. In this trade, the suggested stop loss at 0.65645 helps limit potential losses if the trade goes against us. ## **Trade Execution:** Remember, trade execution can vary due to market volatility. Keep a close eye on price movements and ensure your platform is properly set up for pending orders. ## **Investment Advice:** Please note that trading forex involves substantial risk and is not suitable for all investors. This analysis is for educational purposes and should not be considered financial advice. Always do your own research and consider seeking professional advice before making any trading decisions. 📚 **Learn, Adapt, and Grow:** Trading is a continuous learning journey. Make sure to constantly refine your strategies, manage your risk, and stay disciplined in your trading approach. **Disclaimer:** This analysis is based on historical price data and does not guarantee future results. Prices in the forex market can be highly volatile and can change rapidly. Always use caution and trade responsibly. #CADCHF #ForexTrading #TechnicalAnalysis #BearishTrend #TradingView Happy trading and best of luck! 📈📉
Short
by T-Q
CADCHF Bearish ContinuationHi Traders, We are looking for a selling opportunity for this Pair for some reasons: 1. Rising Wedge - based on the previous move of CADCHF last Oct.- Nov. 2022 2. The edge of the Schiff Pitchfork is currently being tested- if the price is rejected by this, this will be a huge downside for this pair 3. Currently with the strong Fibonacci Resistance Level 4. It formed a Bearish Divergence on the previous swing high. I recommend entering the trade once the Rising Wedge is broken and finding a short setup for it. Be Safe Traders, Retained.
Short
by Retained
Canadian Dollar To All Time Lows???CAD/CHF is currently sitting at a key level and a big test. Today is also the day of the Canadian Interest Rate decision. Forecast is for Canada to increase their rate from 4.75% to 5% which would be an increase of 0.25 points. However, this same prediction was made for the RBNZ last night and they decided to keep their rate the same. If the BoC do keep the rates the same, or increase the rate I don't see how either could be positive for the CAD, simply putting it the country is not in the best of positions. We also had the worst CPI report in almost 2 years not too long ago and an increase in Unemployment rates last month, despite adding jobs. I don't see how any Canadian led pair could be considered bullish, given the state of the country and my bias is for a short here.
Short
by SJFXT
CADCHF 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
20 Reasons For Sell CADCHF🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The market has been experiencing a strong bearish trend for many years. A Breakout-Sell (BOS) occurred 10 years ago with heavy volume. Last year, a liquidity sweep candle was formed after the breakout, indicating a further downside move. Back-to-back strong bearish candles suggest that bears are still in control of the market. 2:📆Monthly: A clear bearish structure is present, and a fakeout-type structure has formed. However, the low is not confirmed until the induction phase is complete. The closure of this candle will determine whether it is a small corrective pullback or a confirmation of the bearish trend. No notable reversal signals have appeared yet, but bears remain in power as they tapped into the extreme order block during the pullback. The overall view favors short entries. 3:📅Weekly: The structure is clearly bearish, and the low is confirmed and valid. The induction phase is also complete. If the price reaches the upcoming order block or provides a strong reversal signal based on the timeframe, a sell entry can be opened. However, it is recommended to wait for the weekly closing before making a decision. 4:🕛Daily: A strong supply area is approaching, as the price has touched this level four times before. Both a breakout or a rejection can be important at this level, but a sell entry is recommended while waiting for a sell signal. Additionally, a trendline resistance is present, and the last closing candle formed a doji at the perfect time and location. The price action tomorrow will provide further clarity. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bearish 6: 2 Pattern Candle Chart: Doji and double top pattern 7: 3 Volume: No significant volume during the upside move but last leg only unable to breakout profit booking volume, indicating that volume will play an important role in the upcoming price action. 8: 4 Momentum UNCONVENTIONAL Rsi: A very powerful bearish divergence is present. After being in an overbought state, the price is struggling to stay above 60, but bears remain strong. 9: 5 Volatility measure Bollinger bands: A "M" pattern is forming, but the current leg has high volumes without breaking the previous high, indicating significant profit booking with large quantities. 10: 6 Strength ADX: Bulls are weaker at this level and appear to be resting, while bears are ready to take control again. 11: 7 Sentiment ROC: CAD is weaker than CHF. ✔️ Entry Time Frame: Daily 12: Entry TF Structure: Bearish 13: Entry Move: Impulsive 14: Support Resistance Base: Extreme order block or resistance level 15: FIB: Trigger event at an important area, including a trendline break. ☑️ Final comments: Clear sell signal 16: 💡Decision: Ready to sell after the previous candle's low is broken 17: 🚀Entry: 0.06670 18: ✋Stop Loss: 0.6864 19: 🎯Take Profit: 0.6404 20: 😊Risk to Reward Ratio: 1:4 🕛 Expected Duration: 30 days
Short
by Optimum369
4
CADCHF Long Term Trading IdeaHello Traders In This Chart CADCHF HOURLY Forex Forecast By World of Forex today nzdcad analysis 👆 🟢This Chart includes_ (CADCHF market update) 🟢What is The Next Opportunity on CADCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Long
by forexplanet797
CADCHF | BearishThe CADCHF chart is currently exhibiting a pattern of higher highs and higher lows, indicating an uptrend. However, it recently broke its previous higher low (HL), resulting in a change of pattern. The chart is now forming lower lows (LL) and lower highs (LH), which suggests a shift towards a downtrend. Additionally, the CADCHF chart faced rejection or encountered resistance at a strong level twice in recent times. This indicates that there is a significant barrier preventing further upward movement. As a result, the overall trend has shifted downward, suggesting a bearish sentiment for the CADCHF pair. It's important to note that technical analysis is just one aspect of trading, and other factors such as fundamental analysis and market conditions should be considered as well. Traders should use technical indicators in conjunction with other tools and analysis methods to make well-informed trading decisions.
Short
by awaisulabdeen