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.
💵Pair Name CAD/CHF
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🔗 Key Technical / Direction ( Short ) Mid Term
Type : Mid Term Swing
——————————
Bearish...
CADCHF tested a key daily rising trend line today.
On an hourly time frame, we see a nice example of a bearish trap
with a formation of a strong bullish imbalance afterward.
I think that the pair may keep growing now.
Goals: 0.6489 / 0.6498
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Hello,Friends!
CAD/CHF pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.653...
It is an aggressive sell position.
The price collected the buy side liquidity on the daily time frame and closed the candle body below the FVG that made it as an inversion and strong resistance. So now we can expect the price start the bearish move from here or from the bearish breaker.
I said it is an aggressive position because we enter it before the market...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current CADCHF chart which, if analyzed properly, clearly points in the upward direction.
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CADCHF formed a double bottom formation on a key horizontal support
on a 4H time frame.
Its neckline violation is an important bullish signal.
We can expect a bullish movement at least to 0.654
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Today's focus: CADCHF
Pattern – Continuation
Support – .6502
Resistance – .6540 - .6549
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the CADCHF on the daily chart.
Today, we have broken down what looks like a continuation pattern playing out. Looking at price, we can see a retracement that came to a stall point, setting up...
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 0.644.
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In this chart we have spot a bearish divergence at 1H & 4H time frame. and we also seen that it creates a HH & then start making LH & LL. with the help of Fib Retracement we also seen 0.382 value
It has been more than 4 months since our last analysis on the CADCHF pair (October 10 2023, see chart below), which was a sell signal that hit directly our 0.64800 Target:
The current signal is no different, as the continuous rejection on the 1D MA200 (orange trend-line) since February 13, is giving a strong sell signal, which will be confirmed once the 1D...
Calling all traders! 📢 If you're on the lookout for a lucrative short opportunity, look no further than CAD/CHF! 📉
With external liquidity out of the picture, the conditions are primed for a strategic move. Here's the scoop: the Canadian dollar (CAD) and Swiss franc (CHF) have been dancing to their own tunes lately, detached from external influences. This...
💵Pair Name CAD/CHF
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Long ) Mid Term
Type : Mid Term Swing
——————————
Bullish...
H4: Pointing Upwards (H1 is overbought)
D1: Up (H4 is overbought)
Moving Average:
Against Daily MA
H4 pointing upwards
Pattern:
M30 AB=CD
Strong resistance at 0.6490 - 0.6510
30 pip stop loss.
60 pip target
Why are we taking this?
1) H4 and H1 is overbought
2) Strong structure
3) Yesterday's high
4) Lots of divergence
Hello,Traders!
CAD-CHF is already making
A bearish pullback from
The horizontal resistance
Of 0.6514 and I think
That we might see
A further move down
Sell!
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