CADCHF trade ideas
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
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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CADCHF ShortPrice reached H4 Horizontal Level. The level is also daily resistance level.
Price seems to be unable to break through the resistance level.
A momentum bearish candle was formed breakout through the flag support & horizontal support level.
This has shown the pattern been broken. There is a high probability of it heading bearish to start in the range.
Short trade was set up targeting H4 swing of 2.5RR
SELL CADCHF for trend reversal SELL CADCHF for trend reversal
update
SELL CADCHF NOW ✅
STOP LOSS : 0.6732
From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too...
there is a bigger chance of a possible reversal from this level...... you are free to contact me directly here and i will respond to all questions
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
7 Dimension analysis CADCHF😇 7 Dimension Analysis
Time Frame: H1
1️⃣ Swing Structure: Initially bullish with proper Breakout of Structure (BoS), now showing a corrective move after inducement, possibly heading towards extreme swing area of correction
🟢 Internal Structure: Bearish
🟢 Ext POI: Unmitigated
🟢 Support & Discounted: Same area, drawing a Trendline break upside for additional confirmation
🟢 CHART PATTERNS: Double top reversal formed
🟢 CANDLE PATTERNS: Inverted Hammer with long wick, strict engulfing, fakeouts observed
🟢 Volume: High buy volume at POI area, good volume on breakout but none on fakeout
🟢 Momentum RSI: Bullish zone, momentum shifted from bullish to sideways, bearish divergence at the top, with loud moves and overbought rejections observed
🟢 Volatility Bollinger Bands: Contraction started, squeeze breakout expected in lower side, walking on the band anticipated with headfake, W patterns, and band puncher observed
🟢 Strength According to ROC: CAD stronger than CHF
🟢 Sentiment: Fully bullish
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bullish
☑️ Candles Behavior: To be observed once price reaches the level
☑️ FIB Trigger event: To be updated once occurred
☑️ Trend line breakout: To be updated when necessary
💡 Decision: Buy
🚀 Entry: 0.6658
✋ Stop loss: 0.6646
🎯 Take profit: 0.6699
😊 Risk to reward Ratio: 3.5
🕛 Expected Duration: 5 days
📚 SUMMARY: The analysis indicates a bullish sentiment with various patterns and candlestick formations suggesting a potential buying opportunity. High volume at the POI area adds to the bullish bias, with attention drawn to key events like FIB trigger and trend line breakout for updates. Traders are advised to monitor candle behavior upon reaching the specified level and consider a buy position with a favorable risk-to-reward ratio of 3.5 over an expected duration of 5 days.
SELL CADCHF 💲💀💲 №313FX:CADCHF
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CADCHF in the first half of 2024A glimpse of the CADCHF in the first half of 2024
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CADCHF Short Trade Setup A #short trade opportunity recently presented itself on the #loonieswissy (#CADCHF) #trading chart 📉.
This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.66868 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 0.65000 psychological level and possibly testing the strength of the 0.64840 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair