Pullback seems to be finished. More short term movement for the pair hopefully
CAD/CHF 4H Chart: Channel Down The Canadian Dollar is trading against the Swiss Franc in a three week long descending channel that represents a rebound of the currency exchange rate from the upper edge of a dominant long-term ascending channel. Over the previous week the Loonie depreciated against the Franc by 1.16%. A rebound from the monthly R1 at 0.7786...
CADCHF has been up-trending but seems to be in a consolidation phase on the higher time frames. On the 2H chart we see a falling wedge which we can trade: a sell opportunity at resistance. I'm a fan of breakout trading so i shall await price to break the trendline for a sell within the wedge. COMMENT WITH OPPOSING ANALYSIS :)
Hi guys, look for sell here, look ready to go, wait for breakout use your strategy. it can go all the way down, it's part of bigger structure. Thanks. GL
Harmonic pattern completed and reversal taking place. You could probably bag 60-70 odd pips if it hits target 1. Will wait for it to test target 1 before shorting again to target 2
CAD/CHF have a great opportunity for short, in long term of course. Use low lot size and long term.
CAD/CHF 's Double top formation on the Daily chart has finished forming around the .78 level; market has failed to create a higher high while respecting that long-term resistance level. For Elliot Waves, the market has been patiently making the 123 impulse wave pattern, and now it has to go south in order to form the 4th wave. the 4th wave may go down as long...
On Friday the market beat local support on CADCHF, which today was re-tested from below and rejected (as resistance). It should be noted that this level coincided with the 38.2% Fibonacci correction, where a strong supply response occurred. If today’s minima are defeated, we could expect continuation of declines. Therefore, consider short position on this instrument.
CAD/CHF 1H Chart: Channel Up The Canadian Dollar is trading against the Swiss Franc in a two week long ascending channel. Up until Tuesday the currency pair moved relatively smoothly within the figure. However, then it suddenly failed to break through a combination of the weekly and monthly PP, which were supported by the 55- and 100-hour SMAs. As...
Hi Guys, This one is pretty good, by looking at the potential of this move, this can go all the way to break the bottom of A wave to complete bigger ABC, A wave itself was pretty messy, so C wave can be also of the same nature, so take short terms trade like this one then wait for correction then sell again.this correction looks incomplete so let it complete...
A potential bat pattern is still in progress and on my list. I will update with more details or adjustments if price nears PRZ.
FX:CADCHF Safe Trades;
Hey guys, just wanted to let you know i'm looking for a reason to short this market. I've noticed we've already completed a Bat pattern and price wasn't able to close above X point, this means the structure held and therefore we want to pay attention to that. As of now though, i'm not short yet because i'm waiting for a confirmation on lower timeframes such as 1h...
Hey guys, just wanted to let you know i'm looking for a reason to short this market. I've noticed we've already completed a Bat pattern and price wasn't able to close above X point, this means the structure held and therefore we want to pay attention to that. As of now though, i'm not short yet because i'm waiting for a confirmation on lower timeframes such as 1h...