Hello,Friends!
We are targeting the 0.650 level area with our short trade on CAD/CHF which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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✅CAD_CHF is trading in an
Uptrend along the rising support
And the pair broke the falling
Resistance line which reinforces
Our bullish bias and makes me
Think that we will see a
Further move up
LONG🚀
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The CAD/CHF currency pair has demonstrated a bullish trend across both the weekly and daily timeframes, with a clear break of market structure indicating upward momentum. Presently, the price is consolidating within a range, prompting us to anticipate a break, retest, and subsequent failure of the current range high as a potential entry point for long positions....
CAD/CHF is rising towards a potential breakout level and could breakthrough this level to climb higher.
Buy entry is at 0.65371 which is a potential breakout level.
Stop loss is at 0.64470 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at 0.66733 which is a pullback resistance.
High Risk...
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CADCHF is a very good buy and has started to buy, technically we can see a break of the decending channel and a new flag broken out and retested, only way is up... find your entries and use good risk management skills.
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Hello,Friends!
The BB lower band is nearby so CAD-CHF is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 0.651.
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Here is our detailed technical review for CADCHF.
Time Frame: 10h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.649.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.653 level.
P.S
Please, note that...
✅CAD_CHF is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the pair is about to retest the rising support
Thus, a rebound and a move up is expected
With the target of retesting the level above at 0.651
LONG🚀
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Hello,Traders!
CAD-CHF is trading along
The rising support and the
Pair is about to retest it so
After the pair hits the line
We are likely to see
Bullish rebound ahead
Buy!
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Check out other forecasts below too!
By examining the CADCHF 1-hour chart we can figure out there is a lot of buy-side liquidity that can be defined as a smart money target.
The market structure is bullish and the price had a bullish reaction to the daily order block.
Now, there is a sell-side liquidity inside the FVG that creates a high probability buy setup for us.
Please keep it in your mind:...
CADCHF is seeing the Daily and Weekly chart respecting discount bullish fair value gaps.
As price has rebalanced the BISI's and is rejecting from them, I anticipate to now trade up to external range liquidity (old swing high's on Weekly/Daily Chart).
I want to see H1 discount levels be respected and H1 premium levels disrespected to look for m5/m15 bullish...
Here is a re-entry for CADCHF. While my analysis is still to go short, i have found a new entry on 5min. Check out the comment section for my analysis. Cheers
Even though we have a high probability chance of going short from this zone at 0.65280. We have seen how price has decided to deliver price bearish. On this zone on the 5Min, price has already mitigated the Demand zone and its set to go bearish from my analysis. See where you come in and trail stop loss when it breaks through 0.64930 for the potential target at 0.64704
CADCHF is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the reasonable retracement level.
If the sell momentum continues the next target could be 0.6460
What you guys think of this idea?
Hello traders, welcome back to another market breakdown.
CADCHF has been trading around a Key Macro level. The bulls seem to be reclaiming a KEY Macro level many times which is a bullish signal.
Trade safely,
Trader Leo.
