CADCHF is at its all time low! It's currently breaking its lows, if this continues this could trigger a heavy move downwards
i expect to sell at H4 supply zone since daily and weekly timeframe both are in downtrend
Hello,Friends! It makes sense for us to go short on CAD/CHF right now from the resistance line above with the target of 0.635 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
Power of Three. Not very convinced of this yet because the only signals we have is a Daily Hammer on oversold condition. There are some bullish flows coming in, and pattern wise does have the conditions of a PO3. Overall I think more than 50% probability of working out. Manage risk and good luck.
This is my Analysis about CADCHF. According to that, market should move upward after a period of consolidation. I think little bit risky..🙂
CADCHF | H4 Sell Limit 0.64290 TP 0.63039 SL 0.64800 Reason: 1. Break of Structure✅ 2. Liquidity Swap✅ 3. Take Inducement✅ 4. Fair Value Gap✅ 5. Imbalance✅ Weakness: Already swap Sellside Liquidity
The pair have started breaking the bearish rally by crossing above the last lower high. The market sentiments are calling for a long trade. Plus, bullish Divergence is found. The levels are marked. Let's hope the trade goes as planned.
we have a high probability to see the CADCHF switching trend we have a big candle shot up, and that is most likely is the impulse up wave start of it, the Volume show a big sold off with a green bar. so right now we could just wait for a any pull back or correction down...
CADCHF is currently trading within a rectangular channel, marked by boundaries of support and resistance levels. The Upper Trend Line Breakout is at 0.68317, and the Lower Trend Line Breakout is at 0.64586. A break through the boundaries of these trendlines will validate the rectangular channel pattern.
I 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...
📉 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...
Here is my analysis for CADCHF on D1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
I'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...
In a failure Divergence pattern, "RSI" and "SlowStoch" indicators did not keep moving up and broken the previous up trend support lines. It could be a warning to exit the long trade. In a correct Divergency movement, the Price was positively moving to correct direction without broken the support line in "RSI" and "SlowStoch" indicators.
CADCHF is now in a bearish trend as i mention the target so you can take a long position in biuy to a projected target.
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...