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SWISS FRANC / CANADIAN DOLLAR

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CHFCAD trade ideas

Short in CADCHFI am currently in a short position on CADCHF as the price has reached a supply zone. A supply zone is an area on the chart where selling pressure is expected to exceed buying interest, potentially leading to a reversal or continuation of the bearish trend. In this case, the price has touched the supply zone, indicating a potential selling opportunity. To support my decision, I have also considered other technical factors such as bearish candlestick patterns or indicators that suggest a potential downward movement. By analyzing these factors, I believe that the supply zone is a significant level where sellers are likely to step in and drive the price of CADCHF lower. As a responsible trader, I will continue to closely monitor the market and adjust my strategy accordingly. I will be watching for any signs of a reversal or potential support levels that could impact the downward movement of CADCHF. Risk management is crucial in trading, and I will maintain a disciplined approach by using appropriate risk management tools such as stop-loss orders and having a plan in place to protect my capital. In summary, I am currently holding a short position on CADCHF based on the price reaching a supply zone. I will closely monitor the market and make informed decisions to maximize potential profits. Please note that trading decisions should be made based on your own analysis and risk tolerance. It is always recommended to consult with a financial advisor or conduct your own research before making any trades in the financial markets.
Short
by JuanHernandez
CADCHF: Bullish Reversal Potential - Long Trade Setup📉 Overview: CADCHF is shifting from a downtrend to sideways movement, signaling a potential bullish reversal. A sharp bullish divergence and a strong 97% bullish market sentiment enhance the likelihood of an upward move. 📊 Technical Analysis: Transition from downtrend to sideways, coupled with a bullish divergence, sets the stage for a potential bullish reversal. 📈 Market Sentiment: A robust 97% bullish sentiment supports the potential strength of the upward reversal. 📉 Trade Strategy: Traders may consider a long trade if the key level at 0.63910 is breached. Entry points near the coming higher lows (HL) or Fibonacci retracement levels like 0.236 or 0.382 are potential considerations. 🛑 Risk Management: Implementing effective risk management, including appropriate stop-loss orders, is crucial to safeguard capital. 📈 Conclusion: CADCHF presents a compelling long trade opportunity with bullish signals and strong market sentiment. Monitor the break above 0.63910 and adjust positions based on evolving market conditions.
Long
by miansarimhameed
CADCHF Exhaustion Longer Term LongI've been tracking the selling of this pair for some time and I think it's time for a correction. Yesterday we saw a big sell off presumably to clear out some stops which lead to buyers coming in and an interesting daily candle close. That's just the story but if you're looking for technical evidence it's lining up nicely with the parallel dynamic support/resistance trendlines as a great place for long entries giving good risk reward for those willing to wait it out.
Long
by CromerKing
2
How Buyers Trapped Beautiful Chart to Learn . I can discuss this chart with you for a longer period of time because there is so much learning in this chart, why this chart is important for a Trend follower, for a candlestick pattern (Bullish bearish Engulfing, Doji, Three Black Crow, etc.) and for a pattern lover( Channel, Wedge, Pennant, Triangle, Rectangle) because it has everything in the chart but how to have a close eye without getting biased each and every time you just need to perform your learning without any emotions. on 16 June 2022, the candle is made telling everybody that the trend has been changed from there on-wards, if you place have Fibonacci almost each and every time it gets retraced from 50% so on and so forth at held its direction firm and it does the same which a trend should do. From November 4th onwards again continues in its original direction if you think that the 3rd October candle is telling you to change the direction, but when you see the 22nd September candle you will understand that on 3rd October the candle which has complete buyers is still overshadowed by the 22 September candle, this tells that trend is still Bearish. the most interesting part happened from 20 December 2022 to 2nd of March when the price was in the Zone of (0.67750-0.69735) where I think how they Created Buyers Trap each and every time and how high frequency trades each and every time were placed there because there were limit orders placed and each and every time they fill the orders you can see just by looking at the wicks, you can clearly see if buyers have potential then they could break the upper part of the rectangle which was made by the price but couldn't hold Levels if you see 27 February to 3rd March then you can clearly see they again established the bearish Phase and they had the upper hand so they Take the price Down and Broke the recently made support Zone which is around 0.67750 and when they broke its level there is a Marubozu candle just telling you completely that sellers are in full control. There is so much in this chart Learn and Practice. Please Watch Closely and there is So much. Gratify if you appreciate the practice then you can like it, share it and If you want me to investigate any chart for you then would cherish doing that for you. Thank you for your time and support. Stay safe.
Education
by Anany_shringi
Long CAD/CHFThe price has touched the long term big sideway channel bottom line area. There are some support in this area, so the price is wondering in this bottom area. The RSI and Stoch RSI indicators in 16 Hours timeframe are showing divergence pattern. I predicate the price would go to North and the idea take profit area is the big side way channel top line area on Feb 11, 2024. If the price continuing breakout the sideway channel bottom line to South, then, we should stop the long trade.
Long
by ChinaHelloWorld
Short in CADCHF "I am currently in a short position on the CAD/CHF pair due to the price reaching a supply zone where it is highly likely that the price will decline. After careful analysis, I have identified a significant resistance level in the form of a supply zone, where selling pressure is expected to outweigh buying pressure. This area indicates a strong selling opportunity, as it suggests that there is a higher probability of the price reversing and moving downwards. By taking a short position, I am aiming to capitalize on this potential downward movement and maximize my trading profits. I will continue to monitor the price action closely and adjust my position accordingly to manage risk effectively."
Short
by JuanHernandez
CADCHF H4 | Bullish breakoutThe price could breakout of the buy entry and rise higher to the take profit level. Buy entry is at 0.64577 which is a pullback support. Stop loss is at 0.64268 which is a multi-swing low support. Take profit is at 0.64915, which is the multi-swing high resistance that aligns with the 78.6% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM