Bearish reversal off overlap resistance?CAD/CHF is rising towards the pivot which is an overlap resistance and could reverse to the 1st support which acts as an overlap support.
Pivot: 0.63495
1st Support: 0.62910
1st Resistance: 0.63961
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
CADCHF trade ideas
CAD/CHF Sell Trade – Targeting 0.62978Pair: CAD/CHF
Direction: Short 🔽
Target: 0.62978 🎯
Time Horizon: By Wednesday, Jan 22, 01:30 UTC ⏳
The pair has recently shown upward momentum but is approaching a potential resistance level. Market behavior suggests a possible retracement toward the 0.62978 level, aligning with observed price action patterns.
This trade is expected to unfold by Wednesday at 01:30 UTC. External factors, such as CAD strength and CHF market dynamics, could influence price movement. Monitoring closely for further confirmation of anticipated downward movement. 🔍
CAD/CHF ShortMarket Analysis:
Asset: CAD/CHF
Timeframe: 1-Hour
Pattern Identified: Head and Shoulders (bearish reversal pattern).
Neckline: The support level forming the base of the head and shoulders.
Trend Confirmation: Look for a bearish trend continuation after a break and retest of the neckline.
Trade Setup:
Entry Point:
Enter a sell position after the neckline breaks with confirmation (candlestick close below neckline).
Stop-Loss:
Place the stop-loss above the right shoulder or a recent swing high for safety.
Take-Profit Levels:
TP1: Measure the distance from the head to the neckline and project it downward.
TP2: Extend further to a strong support zone or round number.
Risk Management:
Position Size: Risk no more than 1-2% of your trading capital.
Risk-Reward Ratio: Aim for a minimum 1:2 R/R ratio.
Additional Confirmation:
Volume Analysis: Look for an increase in selling volume as the neckline breaks.
Indicators: Confirm bearish momentum with RSI below 50 and MACD bearish crossover.
CADCHF - Potential Sell From Key Resistance ZoneThe CADCHF pair is approaching a significant supply zone, marked by historical price rejections and strong resistance levels. The current market structure suggests the potential for a reversal at this level if sellers regain control.
I anticipate that if the price confirms a rejection from this supply zone, the market may move downward toward the 0.63128 level. This setup aligns with the idea of trend exhaustion near resistance.
If you have any additional insights or agree with this analysis, feel free to share your thoughts!
CADCHF - Short Setup at Key ResistanceThe CADCHF pair just entered a notable resistance zone that has times before acted as a supply zone, leading to bearish movements. A confirmation of selling pressure, such as a bearish engulfing pattern or multiple rejection wicks at the resistance level, would increase the likelihood of a downward move.
If sellers take control at this level, the pair could move downward, with a target around the 0.63230 level.
I'M EXPECTING A BEARISH TRENDHello Traders, CADCHF has been ranging from Sept. 2024 and now it is at our resistance zone, we might have a double top on our D1 time frame or Inv. H&Ss, if you look at your H4 you can clearly see Inv. H&S pattern, so if the market goes up to form a double top on a D1, you should understand that it's collecting orders since we already have a Inv. H&Ss on our H4.
NB:NO REVERSAL PATTERNS NO ENTRY.
CAD/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
CAD/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 5H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.637 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
CAD/CHF Buy Trade - Targeting 0.63276 & 0.63316 Pair: CAD/CHF 📈
Direction: Long 🔼
Targets: Primary: 0.63276 🎯, Secondary: 0.63316 🎯
Time Horizon: 24 hours ⏳
The pair is exhibiting market behavior that suggests an upward trajectory 📊, with the primary target set at 0.63276. If momentum continues beyond this level, a secondary target at 0.63316 may also be achievable 🚀.
This trade remains time-sensitive, with an expected conclusion within the next 24 hours ⏰. Broader market dynamics and CAD-related developments may play a role in price progression. Observing price action near these targets will be key to assessing further movement 🔍. OANDA:CADCHF #Globalhornes
CADCHF - Bearish Setup at Key ResistanceThe CADCHF pair is currently trading near a significant supply zone, where prices have previously encountered strong resistance and reversed lower. This suggests a potential bearish scenario as sellers might regain control in this region.
A bearish confirmation, such as a rejection candlestick pattern (e.g., a bearish engulfing or long upper wick), would strengthen the case for further downside movement. If this scenario unfolds, the next target to monitor is around 0.63202, which aligns with a key support level.
Traders should wait for clear confirmation of selling pressure before entering short positions to ensure alignment with the broader market sentiment.
CADCHF now having bearish expectations
OANDA:CADCHF in analysis on CADCHF before this one, i am have expectations price will make stronger bullish push from ASCENDING CHANNEL, price is make push around 40PIPS
and its start creating zone and in zone is created and H&S pattern, at end zone is breaked and after todays events we are not see price moving again bullish in zone (which will have bullish impact), price is start falling.
Now in new analysis on CADCHF having bearish view.
SUP zone: 0.63500
RES zone: 0.62700, 0.62450
Potential bullish bounce?CAD/CHF has bounced off the pivot which has been identified as an overlap support and could rise to the 1st resistance.
Pivot: 0.63218
1st Support: 0.62931
1st Resistance: 0.63501
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
CAD/CHF 4H Timeframe AnalysisCAD/CHF 4H Timeframe Analysis
Trend Analysis
On the 4-hour timeframe, CAD/CHF is in an uptrend, having recently broken above the minor key resistance at 0.63300. Following this breakout, buyers initially stepped in, preparing for the continuation of the trend.
However, the price only accumulated a large volume of buyers before reversing downward, breaking below the minor key level to hunt for stop-losses. This phase represents the manipulation phase within the liquidity zone.
Now, the price is poised to move upward again, breaking above the key resistance to resume the buy trend. With liquidity formation complete, we aim to capitalize on the next breakout for trend continuation.
Price Action Expectation:
Wait for the price to break above the minor key resistance at 0.63400, confirming the continuation of the uptrend.
Plan to enter after the breakout for optimal trade positioning.
Trade Setup
Trade Type: Buy Stop
Entry: 0.63400 (upon confirmation of the breakout above resistance)
Stop Loss: 0.63080 (below the liquidity zone to avoid false breakouts)
Take Profit: 0.64050 (targeting the next significant resistance level)
This setup ensures a strategic approach, leveraging liquidity formation and trend continuation.
Fundamental Outlook:
Monitor Swiss economic indicators, as well as global risk sentiment, which tends to influence CHF strength as a safe-haven currency.
The interplay between these factors could provide additional momentum for the continuation of the bullish trend.
Risk Management:
Maintain a 1:2+ risk-to-reward ratio to optimize potential returns.
Position size should be calculated based on your account equity and risk tolerance.
Closely monitor liquidity zones to avoid premature stop-outs.
Trading involves substantial risks and may not be suitable for all investors. Always seek guidance from a financial professional if you’re unsure about trading decisions.
CADCHF to continue in the UP Trend move Hello Traders
In This Chart CADCHF 4 HOURLY Forex Forecast By FOREX PLANET
today CADCHF 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 CHART 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
Let me know your thoughts. Trade safe