CADCHF Struggling to Rise Further: Possible Decline ExpectedCADCHF Struggling to Rise Further: Possible Decline Expected
It looks like CADCHF has completed its bullish trend, and there's a good chance it may start another short-term bearish trend.
CADCHF appears to be entering another correction phase, similar to what it experienced before. It is expected to move down further in the coming days, influenced by upcoming news from the US.
Support zones are anticipated near 0.6337, 0.6325, and 0.6310.
You may find more details in the chart!
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CHFCAD trade ideas
CADCHF – Potential Short Opportunity on RetestCADCHF has broken below a key support zone, indicating a shift in momentum to the downside. This zone previously acted as support and may now turn into resistance, aligning with the break-and-retest strategy.
A bearish confirmation, such as rejection candles, a bearish engulfing pattern, or slowing bullish momentum, would strengthen the case for continued downside. Should this scenario play out, the next target for sellers would be around the 0.63387 level.
Traders should remain patient and wait for the price to revisit the resistance zone and provide clear rejection signals before considering short positions.
CADCHF: Bullish Move From Key Level 🇨🇦🇨🇭
CADCHF formed a nice trend-following bullish setup.
After a test of a key level, the price bounced and violated
a resistance line of a bullish flag pattern.
We can expect a bullish continuation at least to 0.6372 level now.
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CADCHF Elliott Wave AnalysisHello friends
In the CADCHF currency pair, we expect the price to grow, but why?
In this currency pair, we are witnessing the formation of 2 5-wave patterns and 2 zigzag patterns, which can be called 1 or A and 2 or B and 3 or C.
In my opinion, considering the price drop and the formation of these patterns, it is evidence of a price reversal.
Therefore, I expect the formation of wave 5.
I also consider the stop loss at 0.62100.
If our theory is correct, we expect the price to grow to the level of 100% and then 161.8% Fibonacci.
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BUY CADCHF - Trade entry explained in detail Trader 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 - SELLCADCHF - SELL POSITION
Price created a market shift with seller momentum leaving a area of imbalance behind.
Price then started pulling back creating a opposing break of structure which means the low of that structure is our targeted liquidity followed by the low of the whole structure as liquidity points.
Fibanacci retracement levels marked out with my trade entry point being the 71% fibancci level which price has tapped into.
Sell trade is entered targeting the low of the whole structure with my stop loss being the high of the structure.
Now patients is at play and we wait for results.
CADCHF Technical Analysis! BUY!
My dear friends,
Please, find my technical outlook for CADCHF below:
The price is coiling around a solid key level - 0.6285
Bias - Bullish
Technical Indicators : Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.6310
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
CAD/CHF SENDS CLEAR BEARISH SIGNALS|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 0.627.
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Buy Opportunity in CADCHFBuy Opportunity in CADCHF
Current Price Action: Observe the current price movement in CADCHF. Ensure the market is in a consolidation or retracement phase after a strong upward move, indicating potential for further upward movement.
Liquidity Pool: Identify a liquidity pool above the current price. This could be a significant swing high, a market structure level, or a large order block where there is likely to be a build-up of stop-loss orders and pending buy orders from institutional participants.
Entry Point:
Buy when price breaks above a key resistance level that is aligned with the liquidity pool (previous swing highs, order blocks, or major resistance zones).
Look for a small retracement or consolidation just below the liquidity zone to confirm strength before executing the buy.
Confirmation with Order Flow:
Watch for bullish order flow or an uptick in buying volume as price approaches the liquidity zone. If there is increased buying pressure, this could signal the accumulation phase has completed, and the price will likely move higher.
A break and close above the liquidity zone, combined with higher volume, can act as a strong confirmation for entering a buy.
Stop Loss:
Place a stop loss just below the recent swing low or consolidation area, ensuring a favorable risk-to-reward ratio.
Take Profit:
Set your target at the next significant resistance zone, liquidity pool, or Fibonacci extension levels above, depending on your desired risk-reward ratio.
CADCHFAn old dog trying new tricks, this is what resembles the pattern called Quasimodo. Basically similar to Head and Shoulders but traded differently and unfolds like a correction. On Elliots waves, it could be the correction after an impulse breakout, the sellers on this one will be coming in, what do you see?
CADCHFIn lower timeframe guys, this pair is not looking direct, but the reason why I look this pair today is because of how higher timeframe looks like. When you look the 4H timeframe it is looking good as we already have a flat correction early on the move this, is the clear indication that volume has already been created for the push to the downside. If you are not interest on 4H entry you better wait for the price to give clear impulsive run, then wait a correction below the previous correction low.
CADCHF: Short Signal with Entry/SL/TP
CADCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADCHF
Entry Point - 0.6324
Stop Loss - 0.6351
Take Profit - 0.6276
Our Risk - 1%
Start protection of your profits from lower levels
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CADCHF, Sell - Deadline Jan 27thCAD/CHF Trade Setup
We’re seeing temporary strength in the Canadian Dollar due to businesses stockpiling ahead of anticipated trade restrictions and tariffs, along with political shifts like Trudeau’s resignation. However, this momentum is likely to fade as stockpiling slows, oil prices stabilize, and safe-haven demand for the Swiss Franc picks up.
The chart indicates potential rejection from resistance levels, with bearish price action signaling further downside. We anticipate CAD/CHF to revisit the key support zone around 0.62382 (Deadline Jan 27th) as market sentiment shifts.
Stay patient and manage risk as we hold the sell, looking for confirmation of continued weakness.