A #short trade opportunity recently presented itself on the #loonieswissy (#CADCHF) #trading chart 📉.
This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.66868 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum...
Traders,
D:
4h:
Our strategy for this pair involves positioning our orders strategically below the liquidity hunt.
By placing our orders in this manner, we aim to capitalize on potential market movements following the liquidity hunt, maximizing our chances of entering favorable positions.
As we await the release of Canadian Retail Sales data, it's crucial...
The pulse to the upside which has already broken some previous support levels, has created a nice up move (without any red candles) and a retracement to the Fib(0.318) level.
If the 1H candle closes above Fib(0), we will be waiting for a touch back to Fib(0) and place our entry there.
If the candle closes right on top of the Fib(0) line, we will enter the trade...
The analysis of the CADCHF chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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While undergoing a series of confirmations involving the breach of two support levels and the crossing of MACD on the 4-hour chart, is it conceivable to surpass these indicators and reach the third support level?
Currently in the learning phase.
Disclaimer:
The trading strategy shared on TradingView is for personal record-keeping purposes only and does not...
Price is rising into a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement. A reversal from this level could lead to a price drop to our take profit.
Entry: 0.66482
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.6676
Why we like it:
There is a...
CADCHF is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price has given the massive breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be...
CADCHF,when you see a price rallying toward a certain price point, which is opposite to the trend which is bearish, we call it retracement since the price is trying to fill or revisit to its unfinished business, and this is what is happening
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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. I'm waiting for the price to pull-back to the previous S/R zone.
Trade safely,
Trader Leo.
Hey Traders, in today's trading session we are monitoring CADCHF for a selling opportunity around 0.66600 zone, CADCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.66600 support and resistance area.
Trade safe, Joe.
Hello,Friends!
CAD/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.666 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is...
I would like to quote a wise (and profitable) trader at this point:
"Trading is a simple game. What makes it so complicated is the presence of the SNB."
Put simply:
I'm buying the CAD against CHF for a long-term swing trade.
The reasons for this are short and sweet:
- As predicted back in February, Swiss inflation fell below 2% in July.
- As predicted,...
Introduction:
CAD/CHF has recently formed an Anti-Butterfly XABCD harmonic pattern, indicating a potential bullish reversal. This technical analysis aims to provide insights into potential entry and exit points for traders interested in capitalizing on this pattern.
Pattern Formation:
The Anti-Butterfly XABCD pattern on CAD/CHF suggests a reversal in the...
I took a sell on friday on cadchf and i am currently in a draw-down on one of the trade but i strongly believe that the trade would drop from here because there is alot of head and shoulder patterns on multiple time frames suggesting it will drop and alot of confluences. I entered another trade again on a smaller timeframe again with fewer pips risk to add to my...
Hello,Friends!
CAD/CHF is making a bearish pullback on the 4H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 0.666 level.
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Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 From a long-term perspective , CADCHF has been overall bearish, trading within the falling channel in red.
📈 From a medium-term perspective, CADCHF is in a correction phase trading within the rising wedge pattern in blue.
🏹 The highlighted red circle is a strong area to...
I am already going short on CadChf as it has broken the 1HR trendline and has retested the previous support/resistance zone area. My setup will be invalid if it breaks the last resistance at the top
I am going short on CadChf as it has broken the trendline and it is bouncing off the previous strong trendline resistance. My setup will be invalid if it breaks above the last resistance
