SETUP COMPLETED WELLCADCHF completed as we analysed for now it a better time to stay out the market and hunt another Opportunities
We exchange Patient with Money $$$
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CADCHF trade ideas
shorting CADCHF on NFPcadchf is at the ideal zone for potential shorts.
confluences.
1. it is at the 0.702 fib retracement level of the daily trading range
2. it is at a the neckline of a triple top pattern
3. it is at a bearish order block
4. the close of today's daily candle stick
CAD/CHF 4HR // 04 July 2024 AnalysisThis is just a zoomed in view of the previous idea published for a better view and understanding.
CADCHF long Fibonacci Retracement Levels:
The chart shows Fibonacci retracement levels at 38.20%, 50.00%, and 61.80%.
The price seems to have retraced to around the 50% level and is currently hovering slightly above it.
Moving Average:
The 200-period Simple Moving Average (SMA) is plotted on the chart, currently at approximately 0.65750.
The price has crossed above the 200 SMA, indicating a potential shift to bullish momentum.
Support and Resistance Levels:
Immediate resistance is around 0.66100, as indicated by the red horizontal line.
Previous support turned resistance levels are at approximately 0.67032, 0.67216, and a lower support level at 0.64632.
Volume Profile:
Visible Range Volume Profile shows significant trading activity around the current price level (0.66008), indicating strong support/resistance.
CADCHF - In Bullish Trend after reaching PRZCADCHF can be seen making an ABCD Bullish Reversal Harmonic pattern in 15m time frame. Just before reaching point D (PRZ) the trend reversed to bullish due to a divergence in 5m time frame. I took an entry after applying Fib Retracement.
The Signal is:
EP: 0.66059
SL: 0.65958
TP: 0.66160
RR: 0.5%
Lots: 0.46
CADCHFCADCHF bearish idea, as per daily time frame price retraced more than 0.618, on 4H time frame there is a bearish divergence on RSI, it's signing that price may be revers from the current price zone, trade idea is short from the current market price, stop loss last higher low and first tp according the RR:1
CADCHF 4HHello traders welcome back today i am goiing to smash for CADCHF
so who ever interested getting more follow and earn money with me
cadchf long ideacad is at a critical point across many pairs. Either we make a fresh yearly low or we reverse up from around 64500 mark.
target points are in green with eventual target at the 0.70 mark
CADCHF Testing the 1D MA50. Sell opportunity.The CADCHF pair has been on a strong 2-week rise after the 1D RSI turned oversold (below 30.00) that is testing today the 1D MA50 (blue trend-line) for the first time in 1 month (since May 31).
Since the dominant long-term pattern has been a 18-month Channel Down, we expect this 1D MA50 test to deliver a rejection similar to November 03 2023, and resume the new Bearish Leg. Our Target is purely symmetrical at 0.63100 (Support 1).
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CAD/CHF SHORT FROM RESISTANCE
Hello,Friends!
Previous week’s green candle means that for us the CAD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.651.
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CADCHF Will Move Lower! Sell!
Take a look at our analysis for CADCHF.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.656.
Considering the today's price action, probabilities will be high to see a movement to 0.644.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
CADCHF - Change of Character Hello Traders !
The CADCHF failed to break the support level (0.64770 - 0.64628).
The lower high is broken (change of character).
So, I predict a bullish move🚀
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TARGET: 0.65860🎯
CADCHFbearish divergence at H1 indicating that price may go down with the following reasons:
* bullishness already played out and now its the time of retracement.
* with the support of bearish resistance trendline.
* The Swiss Franc is often seen as a safe-haven currency during times of economic uncertainty. If there are global economic worries, investors might flock to CHF, weakening CAD.
CADCHF sell opportunity Strong trend line is now break and price is getting ready to go down. Risk only 2% of your account and good luck with the trade.
CADCHF 1D PatternThis is a beautiful pattern that indicates this pair loading for a showt. The weekly TF pattern supports this same idea
weekly timeframe inverse head and shoulder in #CADCHFWe are probably dealing with an accumulation phase in the CAD/CHF chart.
The appearance of an inverse head and shoulders pattern in this phase would likely increase the probability of a long-term bullish move in this pair.
Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
CADCHF: Bearish Continuation & Short Signal
CADCHF
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short CADCHF
Entry - 0.6565
Sl - 0.6591
Tp - 0.6517
Our Risk - 1%
Start protection of your profits from lower levels
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CADCHF sell ideaCADCHF is in a downtrend on the 4-hour timeframe. It seems to have formed a channel with 5 touches on the lower line already and is currently testing the upper line. If it doesn't manage to break it and shows rejection, this could be a nice sell entry.
Week Summery: All The Trades I Entered + The Entry Reasons the trades i entered this week were
GBPUSD +90 PIPS
GBPNZD +30 PIPS
GBPNZD -10 PIPS
EURJPY +140 PIPS
USDJPY +90 PIPS
CADCHF +120 PIPS
Falling towards 23.6% Fibonacci support?CAD/CHF is falling towards the pivot and could potentially bounce to the 1st resistance.
Pivot: 0.65290
1st Support: 0.64969
1st Resistance: 0.65874
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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CADCHF : GROING APPETITE FOR RISK- The market was trading below a bearish trendline for a month ; the short-term trend was then bearish.
- In mid-June, and with the establishment of a new low above 0.6435, the market has registered a sharp rebound.
Investors' appetite for risk suddenly grew, and FX safer havens such as CHF and JPY currencies have been fled from traders.
The market accelerated on the upside and broke-out the short-term bearish trendline.
Both moving averages are now bullish, as dynamic support to the market, while the DMI indicator displays a strong bullish pressure inside a more and more directional price action.
- All the above technical signs combined with the fact the market is now registering a new short-term high, makes us think a new bullish trend is on its way here.
The next targets are given by the Fibonacci retracement of last bearish trend : 0.6570 (50%), 0.6600 (61.8%, 0.66475 (78.6) and 0.6705 (100%).
Meanwhile, strong support levels have also been around 0.6530 and 0.6495.
Pierre Veyret, Technical Analyst at ActivTrades
The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
CADCHF: Bullish Continuation Explained📈CADCHF is showing signs of a reversal following a prolonged period of bearish movement.
A notable breakthrough of a significant daily resistance level suggests strong buying activity.
I anticipate further recovery in the market, with a potential target around the 0.660 level in the near future.
CADCHF - Potential short !!Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for short position. My point of interest is if price fills the imbalance higher and then rejects from liquidity zone + FIBO 0.618 level + institutional big figure 0.66000. Great confluence of confirmations.
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