CADCHF BearishCADCHF is bearish for some time and as the last data of CAD was negative i feel it will stay bearish.
CADCHF trade ideas
CADCHF: Important Breakout 🇨🇦🇨🇭
CADCHF formed a huge descending triangle pattern on a daily.
Bearish breakout of its neckline on Friday is an important event
that signifies a strength of the sellers and a highly probable
bearish continuation.
I will look for selling from a supply area based on a broken support
and a falling trend line
Next goal - 0.6167
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CADCHF FORECASTI really love how structures are developing the price is at key area guys, let's look how it will play out watch this video to get some insights!!
CADCHF Short - descending channel and bearish flag patternCADCHF on the 4H chart its stuck in a descending channel & got rejected by that around 0.6250 resistance level. On the 1H chart its forming a bearish flag pattern which is telling us the downtrend is gonna keep going.
What's your take on this pair ?
my short entry is instant
all other Stop and Take profit
you can found on the chart
Good Luck!
CAD/CHF Downtrend: Breakout Support, Targets 0.6160 and 0.6100The CAD/CHF pair appears to be in a downtrend, forming a descending channel. It has recently broken through the support level at 0.6245, indicating further bearish momentum. The potential downside targets are:
First Take Profit (TP1) : 0.6160
Second Take Profit (TP2) : 0.6100
The price could continue to drop towards these levels.
CADCHF - BEARISH MOVEHi Traders !
After a huge bearish move,
The CADCHF price broke the support level (0.63597 - 0.63038).
This key level becomes a new resistance level !
So, I predict a bearish move📉
______________
TARGET: 0.61680🎯
CADCHF Bearish Breakout!CAD-CHF broke the key
Horizontal level of 0.62363
So we are locally bearish
Biased now so we will be
Expecting a further move down !
CADCHF-SELLThis pair is actually the Leader for all CHF as its trading below the 10 year Range
1W: This has been a 1-2 RTM, a flag on Daily and other small time frame
Daily: This made the Eat the tail and expecting continuation
I honor the Ichimoku traders:
All lines pointing bearish
CADCHF Trading Plan - 05/Sep/2024Hello Traders,
Hope you all are doing good!!
Carrying forward the last post regarding CADCHF, I am still bias for upside move soon.
Trade Plan: Wait for the BUY setup at zone.
Your follow and like will be a token of appreciation.
CADCHF long movePrice had broken our resistance level and hence we cloud see price retraces to the support level before moving upside.
Cadchf for short.A symmetrical triangle is formed, wait for breakout of either side. I will like to see the breakout to the downside because of the main bearish trend on the 4hour timeframe.
CADCHF 04/09/2024Weekly:
-Price rejected the all time low.
-61.8% retracement.
Daily:
-Inverse H&S pattern.
4H:
-Inverse H&S pattern.
-IC.
CAD/CHF Bearish Pressure with Descending Trend Line➡️ Descending trend line shows bearish pressure
➡️ RSI divergence indicates weakening momentum
➡️ Bearish breakout expected below support at 0.6241
➡️ Next target: 0.6151 on the downside
CADCHF BUYHere is another pair that may be going long for a long time, the question is do you have the patience to swing, because it may be quite rewarding.
Long trade
Trade Details
Date & Time:
Entry: Sunday, 4th August 2024 at 9:00 PM
During the transition from the Tokyo to London session in the PM).
Trade Type: Buyside (long position).
Entry Price: 0.61649
Profit Level (Take Profit): 0.65517 (6.27%)
Stop Level (Stop Loss): 0.60484 (1.89%)
Risk-Reward (RR): 3.33
CADCHF: Short Signal Explained
CADCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADCHF
Entry Point - 0.6308
Stop Loss - 0.6325
Take Profit - 0.6273
Our Risk - 1%
Start protection of your profits from lower levels
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CAD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
The BB upper band is nearby so CAD/CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.627.
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Trade of the day..... Let´s seeI´m short in cadchf. I´m not a scalper or intrday trader. My trade are based on weekly tf, first trading with trend. So i love swing trade style.
CAD/CHF Approaching BreakoutWatching closely for a potential breakout:
➡️ Bullish Breakout above 0.63000
➡️ Bearish Breakout below 0.62406
➡️ Resistance at 0.63701, Support at 0.61519
CADCHF Shortwill be shorting this particular instrument if the market gives me the situation that resonates with my entry rules.
BONUS:
possible entry candlestick that could appear here is an EVENING STAR. i am not saying other candlesticks pattern cannot happen here but that is just a clue for an entry for me.
CADCHF: Bearish Move Confirmed?! 🇨🇦🇨🇭
CADCHF broke and closed below a support line of a quite an extended
horizontal trading range on a 4H.
Taking into consideration that the sentiment was strongly bearish
before the formation of the range, we may assume that selling
volumes were accumulating within.
A breakout may signify a bearish trend continuation here.
Goals - 0.623 / 0.621
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CADCHF: Important BreakoutUpdate for 📉CADCHF.
The price broke and closed below a support of a horizontal range on a 4H timeframe.
The broken structure turned into a resistance.
I will anticipate a bearish movement to 0.6196 level from that.
