Cadchfanalysis
CADCHF: Waiting for further CONTINUATION!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
In our previous post, about few weeks ago, we forecasted a potential upside movement considering the overall reversal bias.
The market clearly performed it, breaking the main high timeframe structure and it’s currently forming a potential continuation.
The momentum doesn’t look very strong, so it may form a bigger structure, retesting the zone 0.73500, 0.7300, creating deeper pattern where we would try to take advantage.
Overall in HTF a double bottom and breakout of the main structure, are clues enough to justify a further bullish movement.
In LTF a sequence of bullish small structures are moving up targeting the next swing high.
When, where and why would we step into the market?
Before entering long on this market, we will be waiting a greater entry, patiently waiting for the confirmation and formation of a bullish continuation pattern.
In the scenario of reversal and/or price not forming the expected price action, no action will be taken on this market and the overall setup will be invalidated .
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DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
CADCHFbeing held at 0.7320, looking to short .. week of 24 Oct. This pair has been bearish since June, but more recently it has been trying to break above that area. Another attempt is in progress now but in my opinion that will also fail. I am expecting price to turn around and resume the overall bearish trend.
I will be looking for some bearish price action in s/r zone on a lower time frame to target the 0.7120 area. If this works out as per my expectation, we may have a 5R trade.
Always use sound money and risk management and stay patient in all your trades.
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What do you think about this trade idea? Please comment and share your thoughts!!
CADCHF - Long from bullish orderblock ✅Hello traders!
‼️ This is my analysis on CADCHF.
Here we are in a bullish market structure, so I am looking only for longs. I expect bullish continuation here after price filled the imbalance and rejected from bullish orderblock.
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CAD/CHF Running In 40 Pips 0Drawdown , New Entry Added After DThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
cadchf buy long positionThe Canadian Dollar vs. Swiss Franc pair is often recognized as a carry trade vehicle because of the relationship between a low yielding, safety geared currency (CHF) and a higher yielding, growth related one (CAD). The CHF is considered to be safety geared and low yielding because of its reputation as a safe harbor and haven for foreigners depositing their wealth in a foreign private banking system. The CAD is considered to be a commodity currency because of its exporting of natural resources which makes it sensitive to investors' outlooks on global economic growth.
CADCHF - Breaks out the range or reject ⁉️Hello traders!
‼️ This is my analysis on CADCHF .
Here we are in a range for couple of weeks, so I expect price to reject from resistance + institutional big figure 0.73000 or if breaks out the range, I will look a re-test of resistance and the will open a long.
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CADCHF up then DOWNCADCHF is clearly in a down trend with a bear channel.
We can expect a bit of upside where price could breakout of an Ascending Triangle. Then it will test the top of the channel at 0.7344 before it comes down to the next target around 0.7068.
Concerns: The 7MA looks like it wants to cross above 21MA - Bullish.
However, price is still below the 200MA so I'm bearish with this analysis...
CAD/CHF Creating Inverted H&S Pattern, Entry After ConfirmationThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CADCHF - Wait for a break out ✅Hello traders!
⁉️This is my analysis on CADCHF .
Here we are in a range for couple of days, I expect a break out and will look a position if price re-test resistance or support zone as we are between 2 institutional big figure 0.73000 and 0.71000 that are strong levels.
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CAD/CHF Running In 80 Pips Profits 0 Drawdown ,New Entry Added This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CADCHF bearish continuation the week of 19 Sep 2022This pair has been bearish for a while, for the most part has been respecting previous significant levels (areas). Price broke below the marked s/r zone and I am expecting a re-test of the 0.7320-0.7300 area. I will be looking for some bearish PA for a trend continuation trade to set up.
The next target is located in the 0.7170 area.
Always use sound money and risk management and stay patient in all your trades.
If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
CAD/CHF Finally Closed Below Our Support , Time To Sell It ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.