CADCHF trade ideas
CAD/CHF PRICE ACTION ANALYSISA pullback to .6411 is a High Liquidity Zone, a rejection at this zone is likely to have a liquidity grab, to a strong support .6325 (54%). Chris
CADCHF - Long based on Support & ResistanceThe sentiments shows that more than 90% are buying the CADCHF and if it breaks the top resistance shown in chart, it will go up.
We will put the BuyStop and no the instant buy because there are many Resistance level where the price may come down.
CADCHF longCADCHF
Market sentiments are 90% long
The price is forming a higher low and it seems like bouncing
off from 50% fib retracement point.
So, we are planning to buy on a HL. Stop loss will be the last
HL. TP3 is at the point of ABCD completion.
One more tap on the supply zone please!!!I Hope for a one more tap on the supply zone, if this happens, when we get a sell setup confirmation, we'll pull the trigger!!!
CADCHF SHORTS##REPOST##
Market Structure Bearish on Higher Time Frames
Price made new all time Lows couples weeks ago, so no much structure on Weekly
Using the the previous weekly rejection wicks as Support
Daily Rejection Candles at The AOI
Broken Daily Support
Around Psychological Level
Strong H4 Support aswell
REMEMBER: Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Stay Hydrated
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7 Dimension Analysis For CADCHF🕛 TOPDOWN - Bearish Continuation Setup for CAD/CHF
Overview: The monthly and weekly analyses signal a bearish trend, validated by a series of bearish breakouts and consolidations. The focus is now on the daily timeframe for a detailed perspective.
😇 7 Dimension Analysis
Time Frame: Daily
1️⃣ Swing Structure: Bearish - 68% probability of further downward movement.
🟢 Structure Behavior: Break of Structure (BoS).
🟢 Swing Move: Impulsive.
🟢 Inducement: Breakout with liquidity sweep indicating continued bearish momentum.
🟢 Pull Back 1st: Awaiting confirmation, position holding is crucial.
🟢 Internal Structure: Bearish.
🟢 Ext OB: Unmitigated.
🟢 Support Breakout CIP: Acts as resistance.
🟢 Post-Breakout Quality: Clearly favors bears, evident in small consolidation with bearish candle size and multiple wicks.
🟢 Traps: Shakeout observed, indicating bearish sentiment.
🟢 Time Frame Confluence: Daily.
2️⃣ Pattern
🟢 CHART PATTERNS
Reversal: Head and shoulders, double top.
Continuation: Bearish flag with a 38% tilt, shakeout continuation with flag consolidation.
Consolidation Rectangle: Small consolidation with shakeout liquidity.
🟢 CANDLE PATTERNS
Key Considerations:
Record session count with multiple dojis signals change in guard.
Long wick bearish closing indicates rejection from multiple wicks and doji area.
Momentum signals include strict engulfing.
3️⃣ Volume:
🟢 High volume on the breakout confirms its validity.
4️⃣ Momentum RSI:
🟢 Momentum is in a super bearish zone.
🟢 Range shift is evident with proper bearish indications.
🟢 Divergence: Hidden bearish divergence observed at the start of the move.
🟢 Loud moves: Momentum shifted from sideways to bearish with a loud move.
🟢 Grandfather-father-son entries indicate a strong bearish setup.
5️⃣ Volatility Bollinger Bands:
🟢 Middle band rejection at the middle band.
🟢 Squeeze starting indicates potential consolidation for volatility compression, followed by a wild bearish move.
6️⃣ Strength According to ROC:
🟢 ROC values: CAD 0.37 vs CHF 1.31, indicating CHF is much stronger.
7️⃣ Sentiment: All market parameters and top-down analysis indicate that CAD is under substantial pressure against CHF. The sentiment suggests looking for sell opportunities.
✔️ Entry Time Frame: Daily
✅ Entry TF Structure: Bearish
☑️ Current Move: Impulsive
✔ Support/Resistance Base: Bearish post buildup.
☑️ Candles Behavior: Bearish long wicks, bearish momentum.
💡 Decision: Sell at open.
🚀 Entry: 0.6443
✋ Stop Loss: 0.6505
🎯 Take Profit: 0.6118
2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 1:4.5
🕛 Expected Duration: 30 days
SUMMARY: The analysis strongly supports a bearish continuation setup, aligning with the monthly and weekly bearish trends. Key indicators such as candle patterns, volume considerations, and momentum signals reinforce the sell decision. The strategy involves clear risk management and exit criteria.
CADCHF - Support and ResistanceCADCHF has formed non trending pattern. Buy stop, Stop Loss and TP'S have been marked.
Trade report of 11-1CADCHF: the long-term trend is down. But since last week there seems to be a small uptick in the trend. We have enabled the system for a buy series.
M30 | CADCHF | SELL TRENDHello everyone ...
Use good trade management only thing important in Trading is how you manage your trade...
WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT..
.. good luck..
Smart money concept strategyI believe it will go short as it has hit a supply level and then take out the liquidity before reaching the demand order block and heading all the way up and collect all the liquidity above.
Major Correction Looms for Key CHF Pairs, Big Moves Ahead?I've been keeping an eye on this pair for some time now, especially since it broke down and stayed below the long-term range set after the 2015 crash.
We're now nearing an important point - the 2015 depeg low, which might vary based on your broker. In my experience, Forex.com offers more reliable data, showing a depeg low just under 0.61.
It's pretty interesting to see that all the CHF pairs are shaping up similarly, forming bottoming patterns as they get closer to their respective depeg lows. Even CHFJPY is hitting a significant point at 170.
With everything that's been happening globally, CHF has been a go-to safe haven in recent years. But looking at these pairs, I'm thinking there's a big correction coming soon, with a lot of CHF selling across the board.
Here's my plan for capitalizing on this with this particular pair, as I'm expecting another dip towards the depeg low.
On the daily charts, you can see the price slowly edging down, with a notable drop at the end of last month. This happened during the holiday season, when markets can be a bit erratic, showing spikes due to volatility. (check out the image below)
If you zoom in on the weekly chart, there's a clear falling wedge pattern forming as the market grinds down. Each new low seems to attract buyers, hinting at a potential shift and weariness in selling.
My strategy for this pair is straightforward. I'll be watching my TRFX indicator on the daily charts from now on, building a big position every time the indicator gives me a signal at or below the current price.
My first target is the 0.68 resistance, the previous bottom of the long-term range. I'm expecting a bit of a reaction there, then a push back up into the range, aiming for the top at 0.74.
To confirm this final target, we'd need a strong weekly or monthly close above 0.68.
Given that all these pairs, including the CHF futures chart (image below), are showing similar patterns at key resistance points (depeg high), this could turn out to be one of the best trades of the year. But it's crucial to wait for the right entry signals.
I'll keep you posted as these positions develop. Hope you found this interesting!
H4 Bearish Break OutUsing Bollinger Bands indicator we can see:
- W1 is bearish, phase 3
- D1 is bearish, phase 2
- H4 proper bearish breakout
CAD/CHFWe can initiate a long trade right now, but it is advisable to open a buy trade between 0.63000 and 0.6330. If we open the order to buy now, we must put our stop loss below 0.9290 to allow for price fluctuations.
BUY CADCHFConsider buying CADCHF based on historical seasonality trends. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
CADCHF: longif we hit the demand zone at the price of around 0.6339, I'll enter a long position for an RR of 2 with a stop loss at 0.633
CADCHF SHORTSMarket Structure is Bearish on Higher Time Frames
Price made new all time Lows Last week, so no much structure on Weekly
Using the the previous weekly rejection wicks as Support
Daily Rejection Candles at The AOI
Broken Daily Support
Around Psychological Level
Strong H4 Support aswell
REMEMBER: Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Stay Hydrated
#Follow#Share#Comment#Boost
####FirstTradeIDEA2024###
GODSPEED
CADCHF - Bullish after Divergence?CADCHF is showing strong bullish signs after making a bullish divergence on the RSI and printing new higher highs and higher lows. Entry can be taken at CMP (0.5 Fib retracement), stop loss below the previous Higher Low and TP at 1:1 Risk Reward.
CADCHF Weekly AnalysisCADCHF is at its all time low!
It's currently breaking its lows, if this continues this could trigger a heavy move downwards
CADCHF SELL SETUPi expect to sell at H4 supply zone since daily and weekly timeframe both are in downtrend
TriggerI dont usually trade this pair but we have targets to hit so Im on the hunt for anything and everything
CAD/CHF BEARS ARE STRONG HERE|SHORT
Hello,Friends!
It makes sense for us to go short on CAD/CHF right now from the resistance line above with the target of 0.635 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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