CAD CHF - Long1. CAD CHF Bullish rectangle continuation pattern.
2. CPI data in favour of CAD
3. CHF interest rate reduced.
CADCHF trade ideas
The Canadian Dollar Is Gaining StrengthAfter significant losses in recent weeks, the Canadian dollar is showing signs of stabilizing.
Ahead of the upcoming inflation data, the bullish momentum opens up the opportunity for a lucrative long entry with an attractive RRR of around 1.6:1.
CAD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are going short on the CAD/CHF with the target of 0.643 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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Potential cadchf short swing idea Looking at a nice bearish Elliot wave on cadchf
Looks to be in the expansion phase filling in the imbalance to continue lower targeting the trend line liquidity below
Paytience pays
Thoughts ?
CADCHF BULLISH CADCHF Has managed to break above the previous resistance level meaning that it will keep flying till to the next Level of indecision from which it will be the right place to exit the buys and stay out the market while hunting for another nice Opportunities in the charts.
CADCHFThis Weekly FORECAST
Opportunity for CADCHF. This setup trading idea is for intraday. >> TAYOR
*this can hold and find reentry
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
#CADCHF short term selling opportunityA short position would be considered if the price could break below the rising wedge pattern.
A long position would be initiated if the price could break above the rising wedge pattern and closes above a VWAPs.
The trading scenario with the line arrow has a higher possibility of occurring.
Confirmations for the shorting scenario:
Price below important dynamic resistance.
Price creating a rising wedge pattern with a bearish intrinsic nature.
bearish divergence between price and momentum oscillator.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Bearish outlookPair is bearish and made a correction to retest
a strong resistance. I am anticipating a bearish
wave to the next nearest structure low.
CADCHF 240 - Resistance Breakout : 2 days agoBroke through Resistance level of 0.6524 at 6/22 03:00.
Possible bullish price movement forecast for the next
2 days towards 0.6556.
Expiry Date/Time: 6/25 14:22
CADCHF - Bearish continuationWE saw negative news for CHF which spiked up price for CADCHF, i still like to see a bearish continuation since we need to come down to the demand zone in the beginning of 2024
CADCHF - Support Becomes Resistance !Hello Traders !
Previously, The CADCHF formed a bearish triple top pattern.
At the moment, The price broke the support level (0.64726 - 0.64628).
This key level becomes a new resistance level !
So, I predict a bearish move📉
____________
TARGET: 0.64100🎯
CAD/CHF BULLS ARE STRONG HERE|LONG
Hello,Friends!
We are now examining the CAD/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.647 level.
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CADCHFEntry point :- 0.65001
Stop lose :- 0.64397
Risk :- 0.50%
Target 1 :- 0.6560
Target 2 :- 0.6621
Possible nice upcoming shortterm rallye to the upside in CADCHFWatch out for a shortterm long entry after a sweep of this daily low.
CADCHF Trading Plan - 18/Jun/2024Hello Traders,
Hope you all are doing good!!
I expect CADCHF to react from the highlighted zone.
Currently CADCHF is in bigger correction & I am still seeing the potential bigger move towards upside.
Plan to Trade:
If market starts to correct from current levels upside, then short term sells are possible.
Look for your BUY entry setups as per the above expectations.
Your follow and like will be a token of appreciation.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
CADCHF Possible Bullish MoveLiquidity Grabbed, Price pushed up and now at support, hopeful for a bullish move.
Remember: Risk Management Very Important
CAD/CHF For Bearish after finish pull-backwait for creating lower high at red arrow or area between (50:61) fibo levels
- General Trend is Down
- Current wave for pull-back to create lower high
have fun :)
CAD/CHFIt Broke the Resistance Line at 29 Feb Via Impulse Wave.It also Pulled back to the Demand Zone and Retrace till 0.611 .According to the Price Action , It created the Reversal Pattern on the Demand Zone so I think It is the good Opportunity to Buy.
CADCHF Long CADCHF shows bullish divergence at RSI and the price is about to break the neckline. The trend is expected to reverse, therefore the trade plan is to enter at breakout of resistance level
CAD_CHF WILL KEEP FALLING|SHORT|
✅CAD_CHF is trading
In a downtrend and the pair
Broke out of the horizontal
Range pattern so we are
Bearish biased and we will
Be expecting a bearish continuation
SHORT🔥
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SELL CADCHF for downtrend continuation STOP LOSS : 0.6538SELL CADCHF for downtrend continuation
STOP LOSS : 0.6538
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
CAD-CHF Local Long! Buy!
Hello,Tradera!
CAD-CHF fell down sharply
And retested the horizontal
Support level of 0.6463
So as we are already seeing
A local bullish reaction a
Further move up is
To be expected
Buy!
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Check out other forecasts below too!
Early entry triple topTriple top, not confirmed yet but looks very bearish. I opened a short position, I'm not waiting for a break down of the support at 0.66. I like to keep my SL as tight as possible. SL trigger if the pair breaks up the uptrend line with a daily candle and closes above ti.
