CADCHF trade ideas
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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Bearish drop?CAD/CHF has reacted off the pivot which has been identified as an overlap resistance and could drop to the 1st support which is a pullback support.
Pivot: 0.62857
1st Support: 0.61967
1st Resistance: 0.6348
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SELL CADCHF - Trade explained in detail Trader 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 - Trend ContinuationThis is a downtrend continuation trade I'm eyeing over on the CADCHF pair. Although the ADX is declining, I think this is a small pause before we see momentum accelerate again. Price failed to reverse to the upside and I'm timing this entry as price breaks below new lows.
TP: 75 pips (2x ADR)
SL: 30 pips
CADCHF Trading Plan - 20/Aug/2024Hello Traders,
Hope you all are doing good!!
I expect CADCHF to go up from the zone.
The Up move is expected to be an Impulse, however if it turns out to be a correction another push down can come.
Plan to Trade:
Wait for market to give Buy setup at zone.
Your follow and like will be a token of appreciation.
CAD/CHF: Bearish Breakout Signals Potential Downside➡ Bearish breakout from Rectangle pattern
➡ Next targets: Support levels at 0.6152 and 0.6098
CAD/CHF has broken down from a rectangle formation, indicating a bearish trend. Keep an eye on the support levels at 0.6152 and 0.6098 for potential price reactions. This setup suggests further downside potential.
CADCHF: Bearish Outlook Explained 🇨🇦🇨🇭
CADCHF is trading within a wide horizontal range on a 4H time frame.
After a test of a resistance of the range, the price formed a double top on that.
Bearish breakout of the neckline of the pattern is a strong intraday bearish signal.
The pair may keep falling now at least to 0.62621
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CAD/CHF BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are going long on the CAD/CHF with the target of 0.628 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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CADCHF: Consolidation & IndecisionThe current situation on CADCHF is quite unusual as the price is consolidating within a narrow horizontal trading range. The resistance levels are between 0.6280 and 0.6294, while the support levels are between 0.6263 and 0.6249.
To predict a bearish trend continuation, we should wait for a bearish breakout below the support range, with a 4-hour candle closing below it to confirm the breakout. This could lead to a further decline towards the 0.619 level.
On the other hand, to anticipate a bullish move, we need a 4-hour candle closing above the resistance range. This could signal a bullish continuation towards 0.634.
It is recommended to wait for a breakout and then follow the market trend accordingly.
CADCHF Will Go Down From Resistance! Short!
Please, check our technical outlook for CADCHF.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.626.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.612 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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CADCHF ShortPAIR:
💎4hr Short Signal
CADCHF has been breaking into new lows on our Weekly, Daily and now our 4hr entry time frame. and surfing below our 50/200 EMAs. Price has now had a pullback followed by a valid engulfing pattern. That makes this a good example of the 50ema Pullback Strategy.
🎯 ENTRY - 0.62753
✅ TAKE PROFIT - 0.62276
🔴 STOP LOSS - 0.62912
CadChf could see some downside if Chf strengthensHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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