CADCHF trade ideas
CADCHF at Major Support Level – Bullish Rebound ExpectedOANDA:CADCHF is approaching a significant support zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key demand zone, indicating the potential for a pullback if buyers regain control.
The current market structure suggests that if the price confirms a rejection from this support zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 0.62870 level, which represents a logical target within the current market structure.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
CADCHF LESSONUnderstanding the nature of price is crucial for any trader aiming for long-term success.
While mechanical trading systems can provide structure, relying solely on them may overlook the underlying market dynamics that drive price movements.
By grasping the nuances of price behavior—such as support and resistance, market sentiment, and economic influences—traders can make more informed decisions.
This deeper awareness allows for greater adaptability, enhancing the ability to recognize opportunities and manage risks effectively.
In essence, merging price analysis with mechanical strategies creates a more holistic trading approach, empowering traders to navigate the markets with confidence and insight.
CADCHF is bearishthe pair has made two top as reversal pattern .we have noticed a candle with high shadow named as operating candle before heading south .
using LuxAlgo indicator to specify supply and demand zone we are observing that the zone is coinsiding with the fibo level as target area
let's see what the market will play out
CADCHF – BOS and bearish continuation .. the week of 24 Feb Weekly – bearish.
Daily – bearish after a break of structure (BOS). Price below 200sma.
H4 – bearish (visible sequence of lower highs and lower lows).
Price has broken below a significant support/resistance area that has been tested multiple times. This break below also occurred with momentum as you can see from the large red candle. I expect a pullback to the zone (marked in green) and if that happens, I will be looking for signs of a bearish continuation.
If a short trade does set up, my stop would be placed above the recent swing high and an initial target at 0.62580 with the potential to go down to 0.6200.
This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
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SELL CADCHF - "TOP DOWN" approachTrader Tom, a technical analyst with over 16 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 Will Go Down From Resistance! Short!
Take a look at our analysis for CADCHF.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.631.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.625 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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CAD/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so CAD-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.621.
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CADCHF is at a resistance level and could undergo a correctionThe CADCHF pair has initiated a strong upward move following news about economic tensions between the United States and Canada. Prices are now reaching a major resistance zone between 0.6366 and 0.6407, suggesting a potential short-term correction. The 0.6300 level remains a reasonable target in this setup, although confirmation is still needed before taking a short position on this asset. The 0.6270 level, which corresponds to the 0.618 Fibonacci retracement, also represents an interesting profit-taking area.