CAD/CHF LONG FROM SUPPORT
Hello, Friends!
We are now examining the CAD/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.650 level.
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CADCHF trade ideas
Signal Alert: CAD/CHF Move - BuyDear Traders,
We have identified a promising opportunity in the CAD/CHF currency pair based on our analysis using the EASY Quantum Ai strategy. Below are the specifics for the recommended trade:
Direction: Buy
Enter Price: 0.63847
Take Profit: 0.64038333
Stop Loss: 0.63614333
Justification:
1. Technical Analysis: Recent price action shows a strong bullish pattern, indicating the potential for upward movement. Key support and resistance levels have been respected, reinforcing a positive trend direction.
2. Fundamental Factors: The Canadian economy has shown resilience in recent economic reports, while Switzerland's outlook remains stable. Monetary policy divergence between the Bank of Canada and the Swiss National Bank also supports a bullish outlook for CAD/CHF.
3. Market Sentiment: Traders' sentiment data shows an increase in long positions in CAD, suggesting that market participants expect the Canadian dollar to strengthen against the Swiss franc.
Our sophisticated AI-driven strategy considers these factors to generate high-probability trading signals. Adhering to the recommended entry, take profit, and stop loss levels can help manage risk and maximize potential returns.
Happy Trading!
EASY Quantum Ai Team
CAD/CHF Buy Trade OpportunityAttention Traders!
Here's an exciting trade setup for the CAD/CHF currency pair. This opportunity involves a buy trade with a well-defined entry range and profit targets to maximize your potential gains.
Trade Details:
Buy Range: Enter the trade when the price is between 0.6488 and 0.6490 .
Profit Targets:
First Target: 0.65750 . Set this as your initial level to take some profits.
Second Target: 0.65900 . Aim for this level to maximize your returns.
Key Points to Consider:
Entry: Ensure you enter the trade within the specified range of 0.6488 to 0.6490 to optimize your potential profits.
Profit-Taking Strategy: Setting two profit targets allows for effective risk management and maximized gains. Close part of your position at 0.65750 to secure initial profits and aim for 0.65900 for additional gains.
Risk Management: Always consider your risk tolerance and use appropriate stop-loss orders to protect your investment in case the market moves against your position.
This structured approach ensures you have a clear plan for entering and exiting the trade, balancing potential profits with effective risk management.
Happy Trading!
Importance of zones!Hey traders, here is a great example of why I set specific zones for all my trades. When I do my analysis for the day, I create zones based off of strict support and resistance zones and trend line breaks as well. These zones and all my trades are based off the daily candle close. I choose to drop down to the 15 min chart but you can just go off the 4hr chart if it’s easier but you might not get as many trades. I always shoot for 5 pips but 8 out of 10 times price moves way farther. With 3 crazy kids I have to set targets and they are either gonna hit or stop out. I really hate losing so I try my damn best to make sure momentum is in my favor. For my trade set ups, typically what I would like to see is a daily candle closing bearish and the 4 hour candle closing bearish and vice versa. Discipline is a major key factor in my trading strategy something that I have acquired over the years. Stick to the plan and WAIT FOR IT! OANDA:CADCHF I could have 20 great trades lined up for the day and not one of them break my zone. It’s ok though, there’s always tomorrow. If price doesn’t break my zone by the end Tokyo session I’m out cuz the London session is just a bully that likes to go the opposite direction. I also cleaned up my chart so it’s easier to read both for you and myself. If I ever post an idea, I might just post my trade then go back into the comments and explain the details later. Happy trading. Aloha and much love
CADCHF Going DownToday's Canada Economic Numbers were released:
CPI m/m - Actual below forecast
CPI y/y - Actual below forecast
We have seen CAD pairs move lower since the CPI numbers were released.
With further Swiss Franc strength, I expect this pair to target the 0.65 price level. Continued bearish pressure will lead to price moving towards 0.64.
Good luck guys :)
CADCHF - Look for a short !!Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. My point of interest is if price make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 0.64500.
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Harmonic PatternIn a long-term ascending trend and repeated correction that shows the pattern of three peaks. Now we see that the correction of this process has reached a key resistance, and according to the Fibonacci range, there is a possibility of correction in the opposite direction. Is it settlement time?
CADCHF BearishDaily Bias Bearish
Fundamental
CAD reduced interest rate to 4.5% , CHF with a lower interest rate but their currency is bullish.
CAD is bearish now.
Price action
Price breakout of Daily SR level to for a lower low. In H4 TF, there is a double top pattern formed before the breakout happened.
Setup short trade at broken H1 support level with SL above the swing high of double top pattern. Targeting next daily SR level below.
CAD/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
CAD/CHF downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 0.652 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the CAD/CHF pair.
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CAD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
We are now examining the CAD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.642 level.
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