Market Analysis 10/29/24Hello All
Weak Currencies
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CADCHF trade ideas
Short on CAD/CHF DailyShort market order on CAD/CHF for a swing trade. SL @1.5x ATR and TP for 50% of position at fibo level.
The other half would be left to run with trailing stop @1x ATR.
CADCHF | COULD BE A GOOD SELL TRADEHey Traders! 👋
I'm eyeing a potential drop in CADCHF! It’s been lingering around a key pivot level, which is likely turning into strong resistance. All three moving averages are sitting above the price, adding to the bearish momentum, and we've also got a clean triangle break on the 4H chart confirming this bearish bias. Plus, recent CAD news came out negative, backing up this setup even more.
General Guide:
🎯 TP1: 20-30 pips
🎯 TP2: 60-100 pips
🎯 TP3: 160 pips or down to the recent bottom
Please note, these ideas are shared for analysis purposes only. For more insights, feel free to check my profile—appreciate the support! 😊
CAD/CHF Money Heist Plan on Bearish SideOla! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist CAD/CHF Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 30m timeframe
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Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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CC update famsCC has broken heart from the inside peanut pattern formation now going to the support of the trend line expecting the bullish move from CC and hope it's goes well
CADCHF BEARS The 20EMA crossed below the 40EMA and a descending triangle pattern in the 4hour chart, perfectly shown in the 1 hour chart. A quick buy for price to gain sell pressure on the supply zone. Equal lows = BSL ( green arrows) to be swept. Also Equal lows in the Daily chart which will be swept! Wait for price to reject on the supply zone with a reversal candlestick, on the M1 wait for 20EMA cross below 40EMA. Entries executed at the supply zone.
What wil it be CAD/CHF?? want to go on a date ?a bulish or bearish move has been on the minds of alot of people. i even dream about a move sometimes. but like alot of things we just look but dont touch....but today/this week we might have a change coming to that saying.
on the daily timeframe we have a nice demand zone with a clean legg out. price came back to the zone and gave us a rejection on the daily already. but the official entry for me is going deeper that. when we look on the 4H timeframe we have a nice demand zone waiting to receive some love.
now what i want to see is price falling to to the 4H demand zone with a nice clean rejection for a nice entry for a possible bullish run.
CAD/CHF BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
CAD-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.624 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the CAD/CHF pair.
✅LIKE AND COMMENT MY IDEAS✅
Bearish drop?CAD/CHF is reacting off the pivot and could drop to the 1st support level which acts as a pullback support.
Pivot: 0.62643
1st Support: 0.62319
1st Resistance: 0.62816
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 BULLSDaily chart, price is consolidating. No new high nor low was created. 4 hour chart, price is on the demand zone that broke the previous high. M15 price closed above 40EMA which signals direction change and double bottom.
BUY CAD CHFResistance point has finally been hit, lets now watch price bounce off from this area into a buy
CAD/CHF continues the downtrendOn AUD/USD , it's nice to see a strong sell-off from the price of 0.62934. 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.
The downtrend combined with the strong volume area are my main reasons for this short trade.
Happy trading,
Dale
CADCHF potential bullish moveI like how clear structure is on this trade. I'm looking for the market to show bullish structure on the smaller timeframes + my entry signal to take a buy. 2 take profit area's depending on how the 4h candle closes at those areas
retest of support level the market has come back to retest level 0.62660 of support with some signs of rejection, before bouncing back to the upside
Possible long on CAD/CHFI am long on this pair, but I think that now is the time to enter long for Target 1 and then for Target 2. The rose box are the order block that for my opinion are important to consider as target. There is also a red pin bar, usually the price retrace over these candles, for that reason I set the Target 1. Going long then there is a quite good carry trading.
Potential bullish rise?CAD/CHF has reacted off the pivot which acts as an overlap support and could rise to the pullback resistance.
Pivot: 0.62640
1st Support: 0.62366
1st Resistance: 0.63027
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-BUY Good opportuniyu for buy-CADCHF
now situation good for buy trade.this is 15min chart annalyses.
you can any time follow my signal
CADCHF- Long Entry Candle Stick Patternseries of HH and HL formed. entry taking on HL, corrective move after formation of Bullish engulfing candle.
CADCHF Trading Opportunity! BUY!
My dear subscribers,
This is my opinion on the CADCHF next move:
The instrument tests an important psychological level 0.6242
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.6268
My Stop Loss - 0.6229
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
CADCHF is in suport of its trendlineHi traders, CADCHF is reaching its support while showing bullish pattern in 1H aleeady
We might use this opportunity to take a long position with SL relatively minimum.
BUY CADCHF - plus a useful trading tipTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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CADCHF may rise from the bullish order blockCADCHF may rise from the bullish order block.
I’ve identified a bullish order block between 0.62284 and 0.62192. The price is nearing this zone, which could lead to a potential upward movement. Based on this setup, I suggest a direct entry with a small lot, and another entry when the price touches the order block.
This analysis is done using the Smart Money Concepts (SMC) strategy, which has shown a high probability of success in similar scenarios. Let’s see how the price reacts!
My analysis shows that :-
Entry price :- 0.62276
Take profit :- 0.62512
Stop loss :- 0.62040
