Price reached H4 Horizontal Level. The level is also daily resistance level.
Price seems to be unable to break through the resistance level.
A momentum bearish candle was formed breakout through the flag support & horizontal support level.
This has shown the pattern been broken. There is a high probability of it heading bearish to start in the range.
Short...
FX:CADCHF
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A glimpse of the CADCHF in the first half of 2024
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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...
Prepare yourself for a short on CAD/CHF and most importantly you can only control your risk you cannot control the market so apply a proper risk management cheers.
CADCHF was in a down trend the past months which it was very bearish. Using the top down analysis we can see that CADCHF has broke our bearish trend and looking for an uptrend.
In the 1hr time frame we can clearly see that it formed a flag pattern which is a good sign of continuation pattern to the upside and CADCHF has broken out our trendlines in the flag and...
SELL CADCHF for trend reversal
update
SELL CADCHF NOW ✅
STOP LOSS : 0.6691
From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too...
there is...
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...
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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I’m bullish on cadchf despite the negative impact of the news on canadian dollar.
This entry is a portion of the total position, if price pushes lower, im thinking of adding a second position just above the stop loss
Good Day everyone, here is an idea for a Long opportunity! Price has reach EMA and we will expect the price will continue going up.
Long now for a good 1 to 2 RR.
April -1
JAN (6R)
FEB (1R)
March (-7)
My dear followers,
I analysed this chart on CADCHF and concluded the following:
The market is trading on 0.6656 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6673
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to...
Run up last week now time to unwind and run down IMHO
Tends to happen that way
Patern bar only found on TV is good to use a bit like yr personal Ai tell it to draw most probable path and just copies previous similar past pattern and Flips it.
-5 on Fundamental strength overall
Lets see.
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...
Hey Everyone!!!!
The details is shown on the graph. Liquidity zone is broken as well as Stochastic Divergence occurs.
This, the CADCHF pair is expected to go down to the previous resistance (order block zone 100% (TP1 and TP2).
Let's see what happens
Good luck y'all🙌🏽😎❤
