CAD/CHF BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
CAD/CHF is making a bearish pullback on the 1H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 0.631 level.
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CADCHF trade ideas
Potential bullish rise?CAD/CHF is reacting off the pivot which acts as a pullback support and could rise to the 1st resistance.
Pivot: 0.62795
1st Support: 0.61928
1st Resistance: 0.63967
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.
BULLISH SETUP IN CADCHF WITH 500PIPS+ POTENTIALThe CADCHF forex pair is currently trading at 0.62, with a target price set at 0.77, indicating a potential upward movement of over 500 pips. The chart pattern identified is a falling wedge, which is typically a bullish reversal pattern. This suggests that the price may soon break out upward, signaling a potential trend change. Before reaching the target price, the pair is expected to undergo retesting, a phase where the price revisits key support or resistance levels to confirm the breakout's validity. Traders should monitor the breakout zone closely, as it could trigger significant price momentum. Risk management is essential due to potential volatility during the breakout and retesting phase. The falling wedge provides a favorable risk-to-reward ratio, making it attractive for long trades. Patience is key as the pattern unfolds and confirms. Watching volume during the breakout will provide additional confirmation. Overall, the CADCHF setup offers a promising opportunity for traders targeting long-term gains.
CADCHF ____ INCOMING BEARISH MOVEHi there,
Price on this pair traded into a monthly FVG, went into a range (consolidation), created a false break upwards, and now, I would like to see price trade lower to take the sell-side liquidity.
This is a typical case of Accumulation, Manipulation and Distribution.
You can put this on your radar.
Cheers,
Jabari
[Vienmelodic] CADCHF - 2 Jan 2025 SetupCADCHF Market structure are now in Bullish structure. Spotted demand area (Green Rectangle) and this area are breaking a new high so it the evidence of strong trend continuation.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Vienmelodic
[Vienmelodic] CADCHF - 3 Jan 2025 SetupCADCHF Market structure are making Bullish breakout once again. Spotted demand area (Green Rectangle) near our last worked area. this is the second demand area since we already got profits 1:3 on yesterday's setup
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Vienmelodic
CADCHF Potential UpsidesHey Traders, in this week we are monitoring CADCHF for a buying opportunity around 0.62900 zone for a buying opportunity around 0.62900 zone, USOIL is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.62900 support and resistance area.
Trade safe, Joe.
CAD/CHF Harmonic BD Trade SetupCAD/CHF Harmonic BD Trade Setup
Pattern: Harmonic Pattern
Entry Level: Above 0.62946
Target: 0.63611
Description: This is a BD trade setup identified using harmonic patterns. The potential reversal zone (PRZ) aligns with the harmonic ratios, indicating a high-probability trade setup. The entry above 0.62946 provides a clear breakout signal, aiming for the target zone at 0.63611.
Analysis: Based on the harmonic structure, this trade leverages Fibonacci retracement and projection levels for precise entries and exits.
Timeframe: Daily Chart (D1)
Risk Management: Ensure appropriate stop-loss levels below the PRZ to manage risk effectively.
Bearish drop?CAD/CHF is rising towards the pivot and could reverse to the 1st support which has been identified as a pullback support.
Pivot: 0.63194
1st Support: 0.62687
1st Resistance: 0.63389
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 - Short active !!Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action after price filled the imbalance and rejected from bearish OB.
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CAD/CHF "Loonie-Swiss" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level.
Goal 🎯: 0.63300
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CADCHF LongThe Canadian Dollar (CAD) presents a strong long opportunity against the Swiss Franc (CHF) heading into Q1 2025. Supported by higher interest rates (BoC at 3.25% vs. SNB at 1.75%), stronger GDP growth forecasts (1.8% for Canada vs. 1.3% for Switzerland), and rising commodity prices, CAD stands to benefit from global economic optimism. Additionally, Canada's reliance on oil exports aligns well with improving demand in global markets. However, risks remain, including potential oil price declines, a dovish pivot by the BoC, or heightened geopolitical uncertainty, which could favor the CHF as a safe-haven asset. We will look to monitor oil price trends, central bank communications, and global risk sentiment closely. Overall, the macroeconomic backdrop supports a bullish bias for CADCHF, offering an attractive long setup
What’s your take on CADCHF? Share your thoughts below! 💬
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