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Cadchfidea

CADCHF Trading Plan - 18/Jun/2024Hello Traders, Hope you all are doing good!! I expect CADCHF to react from the highlighted zone. Currently CADCHF is in bigger correction & I am still seeing the potential bigger move towards upside. Plan to Trade: If market starts to correct from current levels upside, then short term sells are possible. Look for your BUY entry setups as per the above expectations. Your follow and like will be a token of appreciation. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
2
CAD/CHF: Bearish Harmonic Pattern at Key Resistance LevelThe CAD/CHF currency pair is presenting a compelling shorting opportunity based on a confluence of technical factors. A Bearish Harmonic Pattern is currently unfolding, with Point D, also known as the Potential Reversal Zone (PRZ), situated at a critical resistance level. This strengthens the bearish case as price tends to find rejection at these confluence zones. Harmonic Pattern and Resistance: The specific Bearish Harmonic Pattern in development is not explicitly mentioned, but the key takeaway is the presence of Point D at a resistance area. This area has previously acted as a barrier to price advancement, and a retest often leads to a reversal. The confluence of the pattern completion and resistance adds significant weight to the bearish bias. Bearish RSI Divergence: Further bolstering the bearish case is the presence of Bearish RSI Divergence on both the 1-hour and 4-hour timeframes. RSI divergence occurs when price makes a new high (or low) but the RSI indicator fails to confirm the move, printing a lower high (or higher low). This divergence suggests a weakening bullish momentum, potentially leading to a price reversal. Trendline Support Turned Resistance: Adding another layer of confirmation is the fact that Point D coincides with the 4-hour trendline. This trendline, which was previously acting as support, has likely been broken and is now functioning as resistance. This reinforces the notion of a bearish shift in momentum. Entry, Stop Loss, and Take Profit Levels: Based on the confluence of technical indicators, a short trade is recommended with the following parameters: Entry: 0.66710 Stop Loss: 0.67025 (placed slightly above the broken trendline resistance) Take Profit Levels: TP-1: 0.66395 TP-2: 0.66080 TP-3: 0.65765 (These profit targets are strategically placed at key technical levels or at a predetermined risk/reward ratio) Risk Management: It's crucial to employ proper risk management techniques for this trade. The stop loss should be placed above the broken trendline resistance to account for potential retracements. The take profit levels offer a favorable risk-reward ratio, allowing for potential profit even with a conservative approach. Conclusion: The CAD/CHF presents a strong shorting opportunity based on a Bearish Harmonic Pattern, Bearish RSI Divergence, and a broken trendline acting as resistance. The confluence of these factors suggests a high probability of a bearish reversal. However, as with all trading strategies, proper risk management is essential.
Short
by trading_jupiter
7 Dimension analysis CADCHF😇 7 Dimension Analysis Time Frame: H1 1️⃣ Swing Structure: Initially bullish with proper Breakout of Structure (BoS), now showing a corrective move after inducement, possibly heading towards extreme swing area of correction 🟢 Internal Structure: Bearish 🟢 Ext POI: Unmitigated 🟢 Support & Discounted: Same area, drawing a Trendline break upside for additional confirmation 🟢 CHART PATTERNS: Double top reversal formed 🟢 CANDLE PATTERNS: Inverted Hammer with long wick, strict engulfing, fakeouts observed 🟢 Volume: High buy volume at POI area, good volume on breakout but none on fakeout 🟢 Momentum RSI: Bullish zone, momentum shifted from bullish to sideways, bearish divergence at the top, with loud moves and overbought rejections observed 🟢 Volatility Bollinger Bands: Contraction started, squeeze breakout expected in lower side, walking on the band anticipated with headfake, W patterns, and band puncher observed 🟢 Strength According to ROC: CAD stronger than CHF 🟢 Sentiment: Fully bullish ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ☑️ Candles Behavior: To be observed once price reaches the level ☑️ FIB Trigger event: To be updated once occurred ☑️ Trend line breakout: To be updated when necessary 💡 Decision: Buy 🚀 Entry: 0.6658 ✋ Stop loss: 0.6646 🎯 Take profit: 0.6699 😊 Risk to reward Ratio: 3.5 🕛 Expected Duration: 5 days 📚 SUMMARY: The analysis indicates a bullish sentiment with various patterns and candlestick formations suggesting a potential buying opportunity. High volume at the POI area adds to the bullish bias, with attention drawn to key events like FIB trigger and trend line breakout for updates. Traders are advised to monitor candle behavior upon reaching the specified level and consider a buy position with a favorable risk-to-reward ratio of 3.5 over an expected duration of 5 days.
Long
by Optimum369
CADCHF Short Trade Setup 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 should see price dumping towards the 0.65000 psychological level and possibly testing the strength of the 0.64840 horizontal support level. As always, please apply appropriate risk management. Happy trading! #crosspair
Short
by charles-okoukoni
2
CADCHF in CHADCHF Bullmode!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, Swiss inflation fell much faster than the SNB had expected (currently at 1.4%) - As predicted, the SNB raised interest rates for the last time in June and paused in September - Tomorrow the SNB will not raise rates, but the market will start to price in possible SNB rate cuts for 2024 - My forecast: 1st rate cut by the SNB in 2024 will be in March or June - As predicted in this trade idea, the Swiss economy is increasingly weakening and flirting very aggressively with a possible recession, which would seal 2-3 possible rate cuts in 2024 And no, this text was not written by CHADGPT (an AI would now say ;)
Long
by PrimeTrading
CAD/CHF - Bullish Reversal Potential following Anti-ButterflyIntroduction: 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 prevailing downtrend. This pattern typically consists of four distinct price swings, labeled X, A, B, and C, followed by a potential reversal at point D. Key Levels and Entry Points: Based on the identified pattern, traders may consider entering the market near 0.66560. This level aligns with the anticipated bullish move from point D of the harmonic pattern. However, prudent risk management dictates placing a Stop Loss near 0.66156 to mitigate potential downside risk. Profit Targets: Traders can set multiple profit targets to capitalize on the expected bullish momentum. The first profit target (TP-1) is set at 0.66950, aiming to capture the initial upward momentum. Subsequent profit targets include TP-2 at 0.67340 and TP-3 at 0.67735, reflecting further potential upside potential as the bullish move unfolds. Risk Management: It's essential for traders to adhere to proper risk management principles, including setting appropriate stop-loss levels and position sizing based on individual risk tolerance and trading objectives. Conclusion: In summary, the formation of the Anti-Butterfly XABCD harmonic pattern on CAD/CHF suggests a bullish reversal scenario. Traders may consider entering the market near 0.66560, with a stop loss at 0.66156, and targeting profit levels at 0.66950, 0.67340, and 0.67735. However, as with any trading strategy, prudent risk management is crucial to navigating market fluctuations effectively.
Long
by trading_jupiter
1
CADCHF Technical Analysis and Trade IdeaThe CAD/CHF currency pair has demonstrated a bullish trend across both the weekly and daily timeframes, with a clear break of market structure indicating upward momentum. Presently, the price is consolidating within a range, prompting us to anticipate a break, retest, and subsequent failure of the current range high as a potential entry point for long positions. The use of a buy stop order is being considered. Our video analysis delves into the intricacies of the trend, market structure, and price action, identifying optimal levels for the placement of stop-loss and profit targets. It is crucial to emphasize that the information provided serves purely educational purposes and should not be misconstrued as financial advice.
Long
by fxtraderanthony
2
CADCHF,🔴Sell Opportunity🔴(Details on caption) It is an aggressive sell position. The price collected the buy side liquidity on the daily time frame and closed the candle body below the FVG that made it as an inversion and strong resistance. So now we can expect the price start the bearish move from here or from the bearish breaker. I said it is an aggressive position because we enter it before the market structure shifts in this scenario. I hope you find this information useful.. 💡Wait for the update! 🗓️22/02/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
1
CADCHF Trading Plan - 07/Feb/2024Hello Traders, Hope you all are doing good!! I expect CADCHF to go Down from these levels. Potential B wave of bigger correction is almost completed. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
1
7 Dimension Analysis For CADCHF🕛 TOPDOWN - Bearish Continuation Setup for CAD/CHF Overview: The monthly and weekly analyses signal a bearish trend, validated by a series of bearish breakouts and consolidations. The focus is now on the daily timeframe for a detailed perspective. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish - 68% probability of further downward movement. 🟢 Structure Behavior: Break of Structure (BoS). 🟢 Swing Move: Impulsive. 🟢 Inducement: Breakout with liquidity sweep indicating continued bearish momentum. 🟢 Pull Back 1st: Awaiting confirmation, position holding is crucial. 🟢 Internal Structure: Bearish. 🟢 Ext OB: Unmitigated. 🟢 Support Breakout CIP: Acts as resistance. 🟢 Post-Breakout Quality: Clearly favors bears, evident in small consolidation with bearish candle size and multiple wicks. 🟢 Traps: Shakeout observed, indicating bearish sentiment. 🟢 Time Frame Confluence: Daily. 2️⃣ Pattern 🟢 CHART PATTERNS Reversal: Head and shoulders, double top. Continuation: Bearish flag with a 38% tilt, shakeout continuation with flag consolidation. Consolidation Rectangle: Small consolidation with shakeout liquidity. 🟢 CANDLE PATTERNS Key Considerations: Record session count with multiple dojis signals change in guard. Long wick bearish closing indicates rejection from multiple wicks and doji area. Momentum signals include strict engulfing. 3️⃣ Volume: 🟢 High volume on the breakout confirms its validity. 4️⃣ Momentum RSI: 🟢 Momentum is in a super bearish zone. 🟢 Range shift is evident with proper bearish indications. 🟢 Divergence: Hidden bearish divergence observed at the start of the move. 🟢 Loud moves: Momentum shifted from sideways to bearish with a loud move. 🟢 Grandfather-father-son entries indicate a strong bearish setup. 5️⃣ Volatility Bollinger Bands: 🟢 Middle band rejection at the middle band. 🟢 Squeeze starting indicates potential consolidation for volatility compression, followed by a wild bearish move. 6️⃣ Strength According to ROC: 🟢 ROC values: CAD 0.37 vs CHF 1.31, indicating CHF is much stronger. 7️⃣ Sentiment: All market parameters and top-down analysis indicate that CAD is under substantial pressure against CHF. The sentiment suggests looking for sell opportunities. ✔️ Entry Time Frame: Daily ✅ Entry TF Structure: Bearish ☑️ Current Move: Impulsive ✔ Support/Resistance Base: Bearish post buildup. ☑️ Candles Behavior: Bearish long wicks, bearish momentum. 💡 Decision: Sell at open. 🚀 Entry: 0.6443 ✋ Stop Loss: 0.6505 🎯 Take Profit: 0.6118 2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:4.5 🕛 Expected Duration: 30 days SUMMARY: The analysis strongly supports a bearish continuation setup, aligning with the monthly and weekly bearish trends. Key indicators such as candle patterns, volume considerations, and momentum signals reinforce the sell decision. The strategy involves clear risk management and exit criteria.
Short
by Optimum369
4