CADCHF - TRIPLE TOP 📉Hello Traders !
On Friday 26 Avril, The CADCHF Reached a Resistance Level.
The Price Formed a Triple TOP Pattern.
At The Moment, The Neckline is Broken !
So, I Expect a Bearish Move 📉
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TARGET: 0.66026🎯
CADCHF trade ideas
CADCHF Going ShortTechnical Indicators:
1- Dow theory on Bearish Side
2- Fib Retracement expected to reach at 0.236 point
3- AB=CD also have strong indication to get the target point
4- Bearish trendline show us indication of bearish downward trend
Fundamental Indicator:
1- Got entry on 1st breakout of Sell
2- Seasonality pattern show us the bearish trend
3- Summary 3 score also indicate the CAD is positive and CHF have more scores in bearish side
4- The Endogenous factors also favour in CADCHF trend
CADCHF sell setup formed, 2hrCADCHF was in an uptrend for the past few weeks. It failed to cross the resistance at 0.66910 after touching it for the second time.
The CADCHF gave us a Head & Shoulder reversal pattern at our resistance zone showing us that sellers are in control. The uptrend was then broken preparing for sells. The breakout formed a flag continuation pattern confirming the sell opportunity in a technical view.
CADCHF: Bullish GartleyCADCHF is in bullish gartley pattern, we will take entry as per market for targets keeping the stop loss at given point.
CADCHF About to turn bullish long-term.The CADCHF pair Has been trading within a Channel Down pattern since January 2023 but recently it has shown growing signs that the long-term bearish trend is coming to an end. First of all, it formed the first Golden Cross on the 1D time-frame since April 01 2022. Since then, it has held the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) as Supports.
The strongest bullish development is that it turned the 1W MA50 (red trend-line), where it was rejected on September 29 2023, from a long-term Resistance to Support. The last time that this series of events happened following a 1D Golden Cross, was within December 2020 - January 2021. Even the 1D RSI fractals between the two are similar. What the past fractal did after turning those MAs into Supports, was rally aggressively above the previous Resistance.
As a result we turn bullish now on this pair, expecting the Channel Down to break upwards, and target 0.69650 (Resistance 1).
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CADCHF LongEntered CAD/CHF on as price tested the high of the Asian session. Fundamentally CAD is stronger the CHF and CADCHF has got battered lately on the daily chart. I expect price to churn around some here in the price area before potentially moving higher on the 4hr daily. This trade will probably be an intraday trade but I will ride it to see where the momentum goes.
CADCHFThis Weekly FORECAST
Opportunity for CADCHF. This setup trading idea is for swing. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
MORE SHORT ON CADCHFprice mitigated our daily order block and gave us a clean shift on H4 to the downside showing that sellers are to push lower
4hr4hr support area... So Buy SL maintain. Support resistance bass trading plan. Happy Trading. Thank you.
Sell Overheated Loonie (May 2)Fundamentals & Sentiment
CAD:
- BOC has been successfully coping with inflation, with the latest Core CPI YoY posting 2%.
- The solid economic performance of Canada added urgency to hike rates until the target CPI has been achieved, so keeping rates high is becoming obsolete. There's still a decent potential to price in cuts until the next BOC rate decision.
CHF:
- Rate cut differential
Technical & Other
Setup: TR(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Sideways
Long-term: Uptrend
Min target: DMA(50)
Risk: 0.25%
Entry: Market
CADCHF - 4hrs ( Sell Trade Target Range 120 PIP ) Pair Name : CAD/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Break
0.66450 Area
Reasons
- Major Turn level
- Choch Zone
- inner Trend line
- Visible Range lvn
- Day low Break
- Week low Break
Bullish Reversal
0.65250 Area
Reasons
- Major Turn level
- Pattern Target
- Choch Zone
- Fibo 61.8 % Golden
- Fixed Range Hvn
CADCHF LONG IDEAGood Day everyone, here is an idea for a Long opportunity! Price has reach EMA and we will expect the price will continue going up.
Long now for a good 1 to 2 RR.
April -1
JAN (6R)
FEB (1R)
March (-7)
CADCHF Will Explode! BUY!
My dear followers,
I analysed this chart on CADCHF and concluded the following:
The market is trading on 0.6656 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6673
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Using Fractals for Entry PointsUsing Fractals for Entry Points you can set your stop buy on the tallest top arrow to the right.
Set your Stop Loss to the next bottom arrow to the left.
cad/chf sells?Monthly chart we are bearish.
wicked off a weekly orderblock/supply zone.
Shifts to the downside on both the daily and 4h
also bearish on eurchf.
CADCHF - Bullish TradeCADCHF in Bullish Trend depicts Bullish Rectangle chart pattern indicating continuation of advancing phase.
cadchf buy ideaI previously posted EURGBP BUY IDEA which got invalidated, i did not wait to see the price action around the area to make the projection hence it stands as nothing
how ever with cadchf i have a confirmed signal for a buy risking 33 pips for about 180pips on this
BUY CADCHF for uptrend continuation BUY CADCHF for uptrend continuation
STOP LOSS : 0.6614
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
CADCHF is forming cup and handle formation in 4hourCADCHF is forming cup and handle formation in 4hour time frame
CAD/CHF BEARS ARE STRONG HERE|SHORT
Hello,Friends!
CAD/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.656 area.
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🐻 whitePrice sitting in a premium after sweeping sell side liquidity ext. Market structure also price is getting rejected out of a bear order block...
