CADCHF trade ideas
#CADCHF short term selling opportunityA short position would be considered if the price could break below the rising wedge pattern.
A long position would be initiated if the price could break above the rising wedge pattern and closes above a VWAPs.
The trading scenario with the line arrow has a higher possibility of occurring.
Confirmations for the shorting scenario:
Price below important dynamic resistance.
Price creating a rising wedge pattern with a bearish intrinsic nature.
bearish divergence between price and momentum oscillator.
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CAD/CHF BULLS ARE STRONG HERE|LONG
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 0.647 level.
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CADCHF Trading Plan - 18/Jun/2024Hello Traders,
Hope you all are doing good!!
I expect CADCHF to react from the highlighted zone.
Currently CADCHF is in bigger correction & I am still seeing the potential bigger move towards upside.
Plan to Trade:
If market starts to correct from current levels upside, then short term sells are possible.
Look for your BUY entry setups as per the above expectations.
Your follow and like will be a token of appreciation.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
SELL CADCHF for downtrend continuation STOP LOSS : 0.6538SELL CADCHF for downtrend continuation
STOP LOSS : 0.6538
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
Long CAD/CHFThe price touched side way channel bottom line area, it is 50% retraction.
RSI is in divergency. Stoch RSI is in over sold and possible will have golden cross soon in 4 hours time frame.
In a bigger time frame (daily), the current price could be a retraction back to previous important support line.
Try to trade long.
CADCHF: Strong Bearish SignalFollowing a significant downward movement, the CADCHF pair spent a week consolidating in a tight range on a 4-hour chart.
Today, there has been a bearish response on the pair as it broke below the lower boundary of the range.
I believe that the market could now be poised for a downward trend, with the nearest resistance level at 0.643.