CAD-CHF Local Long! Buy!
Hello,Traders!
CAD-CHF was trading in a
Bullish wedge pattern
And then we saw a strong
Breakout so as the pair is
Making a bearish correction
We are looking to buy the
Pair with the hope of
Seeing a move up
Buy!
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CADCHF
CAD/CHF Trading Opportunity! BUY!
My dear friends ,
My technical analysis for CAD/CHF is below:
The market is trading on 1.65040 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 1.65203
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
💱CADCHF - Dynamic Seller VS Limit Buyer CADCHF is in a strong bearish trend, as the D1 chart tells us. Price is forming a retest of strong support, which prepares the market for further decline
TA on the high timeframe:
1) Support at 0.64863 plays an important role for us
2) The liquidity area is under intense attack from buyers. A break of 0.64888 - 0.6475 area will form a strong downside momentum
TA on the low timeframe:
1) A descending triangle is forming. This setup can be interpreted as pressure from dynamic sellers on the limit support level that buyers, mainly whales and managers, have built up
2) Another retest and breakout of 0.64888 will form a strong momentum as this area is already tight liquidity area
Key support📉: 0.64888 - 0.64750
Key resistance📈: triangle boundary, 0.65150
CADCHF traders look for Buy Opportunities {21/08/2023}Educational Analysis says CADCHF may go long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why Short?
Because CADCHF price is at that place level where got demand thrice by traders.
Although this pair has proved that, It's Changing its character and Also traders now looking for an uptrend from this level, and eventually will prove that the Market structure shift and eventually led to a Break of Structure.
Analytical Trade would probably be
Buy order at 0.65011
Stop loss at 0.64854
Take profit at 0.67815
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
CADCHF Long setup with liquidity zone!On CAD/CHF, we have a short setup with a dominant trendline on the H4 timeframe. However, I've noticed that the price has ventured to gather liquidity beneath the 0.64800 level, suggesting a potential reversal soon. If the price were to turn before entry, I'll await a breakout of the swing high at the 0.6507 level. Subsequently, I'll watch for a retracement in the range of 0.6480-0.65. In the presence of promising H1 candles or even better, a demand zone, I would enter the market with a stop below the swing low, precisely at the 0.6460 level. The target would then be the 0.66100 level, where a swing high is located. Wishing successful trading to all!
CAD/CHF is Correcting 2!Hello Traders
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
CADCHF Is Going Up! Buy!
Here is our detailed technical review for CADCHF.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.650.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.654 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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CADCHF: One More Bullish Confirmation 🇨🇦🇨🇭
As I predicted, CADCHF bounced from a key daily structure support last week.
Analysing 4H time frame, I spotted one more bullish signal.
This time, the pair broke and closed above a resistance line of a falling wedge pattern.
It indicates that the market may potentially go even higher.
Next goals - 0.6524 / 0.6544
❤️Please, support my work with like, thank you!❤️
CADCHF Long structure with ICT entry!I've identified a trading opportunity on the GBP/CHF currency pair. After the price returned to the lows to capture previously left liquidity in the 0.6480-0.65 range, you've set up a long trade. Currently, you expect a bounce in the demand zone along with the validation of the bearish continuation pattern (FCV) on the H1 time frame. This validation could lead to a price retracement and the creation of a buying opportunity (long setup) to enter the market.
You've observed that the price has already broken a small bearish trendline on the H4 time frame, specifically around the 0.6505 area. Based on this analysis, you're considering a long trade with a profit-taking target around the 0.6580 zone. However, you've also established a stop-loss level at 0.6470 in case the trade doesn't develop as expected.
CADCHF Technical Analysis! BUY!
My dear friends,
My technical analysis for CADCHF is below:
The market is trading on 0.6503 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6481
About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
CADCHF: Pullback From Key Level Explained 🇨🇦🇨🇭
CADCHF is testing a key daily structure support.
The price formed a double bottom on that on 1H time frame.
The neckline of the pattern is now broken.
It signifies a local change of character from bearish to bullish
and a highly probable pullback.
Goals: 0.6502 / 0.6707
❤️Please, support my work with like, thank you!❤️
CAD/CHF Just shall go bullish, for today...Canadian dollar price is going higher against the Sweden frank; for the next hours....
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About the analyst:
Gerald Mann was born Mr. Peiman Ghasemi on February 16, 1988. After a long while of diplomatic cooperations as an adviser to Barack Obama, and as a veteran; but, finally, unfortunately he got deported from Turkey to Iran. While, in fact, he was praised by Barack Obama in 2014, but they refused to help him to become an American resident, and he never achieved his true right of being a U.S. citizen.
Lately, not too much unusual, he was bothered by a group of traitor high ranked officers... And, lately, in fact, he is threatened nowadays by a few groups of international rebellion and unmerciful officers, and several pretty high ranked international officers... And he was confronted to those nasty agents whom their's usual and everyday desire is to sue people because their self (individual) hatred and grudge. Using remote-sensing advancements...
But, however, in the country of the residency (in Iran), as a waiver for punishment, fortunately the exit ban penalty omited about him, by Iranian organizations... And he can leave the country...
He holds several certificates of participation, majoring political science and business communications, from the Harvard University and the University of British Columbia.
📌 Potential SELL setup for: CAD/CHF👩🏽💻 Technical: The higher time frame bias indicates a clear downtrend. Currently, the 4-hour chart is forming a descending triangle pattern. However, the pattern's lower trend line hasn't been broken yet, a key point as a break may signal a continuation of the downtrend.
🎯 For an ideal entry: To confirm further bearish pressure, watch for the price to break below the pattern’s lower trendline. Ideally, look for a push towards exhaustion in a previous area of sensitivity, then a bearish candle closure to confirm entry. This confirmation is vital to ensure that we are not entering based on a false breakout.
🔑 Key Note: If the lower trend line holds and we do not see a break, we may see incoming strong bullish pressure, especially since the price is currently at an all-time low.
CADCHF → Downtrend triangle on the background of a bearish trendFX:CADCHF under trend pressure is forming a setup to continue the trend and update the global lows.
The currency pair is in the bearish phase. The price continues to decline and test the strong limit support line at 0.64990.
A descending triangle pattern is forming on the chart, which can be interpreted as pressure from dynamic sellers on limit buyers at 0.64990. The price is within the descending price channel, a retest of the trend resistance each time sends the price to the indicated support - a strong signal for a breakout
Moving averages act as resistance
Support levels: 0.64990
Resistance levels: trend boundary, 0.65450
I expect a bounce from resistance, which will lead the price to another retest of support, which may help the price to breakout.
Regards R. Linda!
CADCHF - DAILY STRONG SUPPORT Daily time frame : Price is approaching strong support zone. Price got rejected multiple time at this zone. We will expect the same behavior.
H4 time frame : Let’s monitor price action and look for BUY entry
JUST REMEMBER TO MANAGE YOUR CAPITAL WHILE TRADING. NO MATTER HOW PERFECT YOUR TRADING SYSTEM IS, THE WAY YOU MANAGE YOUR RISK IS THE KEY TO BE A CONSISTENT TRADER.
FX:CADCHF OANDA:CADCHF FOREXCOM:CADCHF
CAD/CHF is correctingHello Traders
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)