CADCHF trade ideas
Heading towards 38.2% Fibonacci resistance?CAD/CHF is rising towards the pivot which has been identified as a pullback resistance and could reverse to the pullback support.
Pivot: 0.62799
1st Support: 0.62399
1st Resistance: 0.63072
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TradeCityPro | CADCHF Weekly Triggers for Precision Trading👋 Welcome to the TradeCityPro channel!
Let’s step away from the crypto world and dive into a Forex analysis to prepare solid triggers for opening positions this week :)
🌐 Fundamentals Recap
CAD: Strengthened by oil prices and Bank of Canada policies. Hawkish stances and higher oil prices are supportive.
CHF: safe haven gaining in risk-off markets, driven by Swiss National Bank actions and global uncertainty.
Key Dynamics: Risk-on sentiment supports CAD; risk-off favors CHF.
📊 4-Hour Chart Analysis
The pair is in a range-bound structure between 0.6274 (support) and 0.6316 (resistance). The last 4-hour candle engulfed the previous 6, signaling a bearish outlook.
Before this range, a strong green weekly candle formed but was fully engulfed in the subsequent week, emphasizing the longer-term downtrend.
CADCHF is near its historical lows, which might attract selling pressure for continuation moves.
📈 Long Position Trigger
Avoid longs for now. A bullish breakout above 0.6351 with higher highs and lows would be necessary to justify a long position.
📉 Short Setup
break below 0.62741 with confirmation (e.g., RSI below 31.21) offers a solid shorting opportunity.
Stop Loss Tip: Let the range consolidate for one or two more candles to tighten your stop-loss and refine your entry.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
CADCHFShort idea stop sell order at 0.6298
SL 0.63120
TP 0.6280
RR 1:6
( I should point out that I use the 200 hourly ema when determining the trend )
As I see it
The weekly trend is bearish now, last week painted a huge engulfing red candle
The daily trend was reacted 200ema
Now I use 1h timeframe to take an entry for the short position
picture has other explain to enter this trade, So will see💸
#017 DCA CADCHF SELLReversing my gears.
Shorting CADCHF now since price is in a range currently. I first thought of shorting CADCHF when I was browsing through my watchlist. But I decided to place my Sell Market on the Hourly for added confirmation because the Hourly Time Frame looks cleaner.
Actually the Time Frame doesn't matter. I draw the ratio ruler on Hourly because as mentioned, price looks cleaner on the Hourly.
Just going for a swing.
Haven't decided on Sell Limit orders yet. Shall see, also.
2013SGT 02122024
CADCHF: A Local Bullish Reversal in Sight?A bullish reaction has emerged at a key daily support level on the CADCHF chart.
After testing the highlighted blue zone, the price entered a consolidation phase, forming a horizontal range on the 4-hour timeframe.
The breakout above the resistance level signals strong buying pressure, suggesting a potential bullish trend continuation toward the 0.6340 target.
CADCHF: Local Bullish Reversal?!We have observed a positive bullish response to an important daily support level on the CADCHF chart.
Following a test of the highlighted blue zone, the price began to consolidate and created a horizontal range on the 4-hour timeframe.
The resistance level was broken, indicating strong buying pressure. As a result, we anticipate a bullish trend continuation, possibly reaching 0.6340.
CAD/CHF Resistance with Fair Volume GapOnCAD/CHF , it's nice to see a strong sell-off from the price of 0.63320. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Fair Volume GAP (FVG) and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
#011 DCA CADCHF BuyI looked at the Daily Time Frame and it was a mess!
However, when I zoomed down to the 4H, then 1H and 15Minutes, I saw that even though there were gap, price is generally still trending. Especially when I plotted the 60SMA, and on some charts, the 1020EMA.
I bought the CADCHF because price retraced back to the 60SMA on the 15 Minutes Time Frame.
I placed two orders. The first is the market buy, and second, a limit buy order for if price collapses lower, I could do a recovery and still cop a profit when the first position goes back to breakeven.
If price goes beyond the 2nd order, I will have to look into how I could recover from the drawdown.
That's all for now and that's all for CADCHF. I'll be posting on the GBPUSD trade in the next entry.
1130SGT 25112024
Add : I am buying into the oversold as seen on the stochastic 20,1,1.
CAD/CHF DIRECTIONhi guyz,After market shift/change of character happen price did not make a pullback also there was imbalance left near supply zone.as we can see pice has already start making pullback heading to supply zone,at the moment from one hour there is change of character hapeen for bulls,wait for price to fill fair value gap then start looking for entry.Trade safe
CAD/CHF is ready for a Bullish Rally!Based on the given analysis of CAD/CHF on the daily timeframe, the chart indicates that accumulation has nearly concluded, setting the stage for a potential bullish rally. The price action reflects a bullish structure, as it hovers near significant Fibonacci levels within a consolidation zone. Additionally, while a bearish Change of Character (ChoCh) has been observed in the SXY, suggesting room for a further drop to its support area, the CXY aligns with bullish divergence on the daily timeframe. These technical factors collectively signal favorable conditions for an upward movement, making CAD/CHF an appealing candidate for a bullish trade setup.
CADCHF The Target Is UP! BUY!
My dear followers,
This is my opinion on the CADCHF next move:
The asset is approaching an important pivot point 0.6273
Bias - Bullish
Safe Stop Loss - 0.6249
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.6318
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK