CADCHF – Potential Short Opportunity on RetestCADCHF has broken below a key support zone, indicating a shift in momentum to the downside. This zone previously acted as support and may now turn into resistance, aligning with the break-and-retest strategy.
A bearish confirmation, such as rejection candles, a bearish engulfing pattern, or slowing bullish momentum, would strengthen the case for continued downside. Should this scenario play out, the next target for sellers would be around the 0.63387 level.
Traders should remain patient and wait for the price to revisit the resistance zone and provide clear rejection signals before considering short positions.
CHFCAD trade ideas
CADCHF: Bullish Move From Key Level 🇨🇦🇨🇭
CADCHF formed a nice trend-following bullish setup.
After a test of a key level, the price bounced and violated
a resistance line of a bullish flag pattern.
We can expect a bullish continuation at least to 0.6372 level now.
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CADCHF Elliott Wave AnalysisHello friends
In the CADCHF currency pair, we expect the price to grow, but why?
In this currency pair, we are witnessing the formation of 2 5-wave patterns and 2 zigzag patterns, which can be called 1 or A and 2 or B and 3 or C.
In my opinion, considering the price drop and the formation of these patterns, it is evidence of a price reversal.
Therefore, I expect the formation of wave 5.
I also consider the stop loss at 0.62100.
If our theory is correct, we expect the price to grow to the level of 100% and then 161.8% Fibonacci.
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BUY CADCHF - Trade entry explained in detail Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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CADCHF - SELLCADCHF - SELL POSITION
Price created a market shift with seller momentum leaving a area of imbalance behind.
Price then started pulling back creating a opposing break of structure which means the low of that structure is our targeted liquidity followed by the low of the whole structure as liquidity points.
Fibanacci retracement levels marked out with my trade entry point being the 71% fibancci level which price has tapped into.
Sell trade is entered targeting the low of the whole structure with my stop loss being the high of the structure.
Now patients is at play and we wait for results.
CADCHF Technical Analysis! BUY!
My dear friends,
Please, find my technical outlook for CADCHF below:
The price is coiling around a solid key level - 0.6285
Bias - Bullish
Technical Indicators : Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.6310
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
CAD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
The BB upper band is nearby so CAD/CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.627.
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Buy Opportunity in CADCHFBuy Opportunity in CADCHF
Current Price Action: Observe the current price movement in CADCHF. Ensure the market is in a consolidation or retracement phase after a strong upward move, indicating potential for further upward movement.
Liquidity Pool: Identify a liquidity pool above the current price. This could be a significant swing high, a market structure level, or a large order block where there is likely to be a build-up of stop-loss orders and pending buy orders from institutional participants.
Entry Point:
Buy when price breaks above a key resistance level that is aligned with the liquidity pool (previous swing highs, order blocks, or major resistance zones).
Look for a small retracement or consolidation just below the liquidity zone to confirm strength before executing the buy.
Confirmation with Order Flow:
Watch for bullish order flow or an uptick in buying volume as price approaches the liquidity zone. If there is increased buying pressure, this could signal the accumulation phase has completed, and the price will likely move higher.
A break and close above the liquidity zone, combined with higher volume, can act as a strong confirmation for entering a buy.
Stop Loss:
Place a stop loss just below the recent swing low or consolidation area, ensuring a favorable risk-to-reward ratio.
Take Profit:
Set your target at the next significant resistance zone, liquidity pool, or Fibonacci extension levels above, depending on your desired risk-reward ratio.
CADCHFAn old dog trying new tricks, this is what resembles the pattern called Quasimodo. Basically similar to Head and Shoulders but traded differently and unfolds like a correction. On Elliots waves, it could be the correction after an impulse breakout, the sellers on this one will be coming in, what do you see?
CADCHFIn lower timeframe guys, this pair is not looking direct, but the reason why I look this pair today is because of how higher timeframe looks like. When you look the 4H timeframe it is looking good as we already have a flat correction early on the move this, is the clear indication that volume has already been created for the push to the downside. If you are not interest on 4H entry you better wait for the price to give clear impulsive run, then wait a correction below the previous correction low.
CADCHF: Short Signal with Entry/SL/TP
CADCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADCHF
Entry Point - 0.6324
Stop Loss - 0.6351
Take Profit - 0.6276
Our Risk - 1%
Start protection of your profits from lower levels
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CADCHF, Sell - Deadline Jan 27thCAD/CHF Trade Setup
We’re seeing temporary strength in the Canadian Dollar due to businesses stockpiling ahead of anticipated trade restrictions and tariffs, along with political shifts like Trudeau’s resignation. However, this momentum is likely to fade as stockpiling slows, oil prices stabilize, and safe-haven demand for the Swiss Franc picks up.
The chart indicates potential rejection from resistance levels, with bearish price action signaling further downside. We anticipate CAD/CHF to revisit the key support zone around 0.62382 (Deadline Jan 27th) as market sentiment shifts.
Stay patient and manage risk as we hold the sell, looking for confirmation of continued weakness.
CAD/CHF "Canadian vs Swissy" Forex Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the CAD/CHF "Canadian vs Swissy" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 Be wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade at any point,
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 30min period, the recent / nearest low or high level.
Goal 🎯: 0.63900
Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
Based on the fundamental analysis, I would conclude that the CAD/CHF (Canadian Dollar/Swiss Franc) pair is : Bullish
Reasons:
Strong Canadian economy: Canada's economy is expected to grow at a rate of 2.0% in 2023, driven by a strong labor market, increasing business investment, and a rebound in the energy sector.
High interest rates: The Bank of Canada (BoC) has kept interest rates at a relatively high level of 1.75%, which is expected to support the Canadian dollar.
Commodity prices: Canada is a major exporter of commodities such as oil, gas, and metals, and increasing prices for these commodities are expected to support the Canadian dollar.
Swiss franc weakness: The Swiss franc has been weakening against other major currencies, due to the Swiss National Bank's (SNB) dovish monetary policy and the country's low interest rates.
Diverging monetary policies: The BoC and SNB have diverging monetary policies, with the BoC expected to keep interest rates high and the SNB expected to keep interest rates low, which could lead to a stronger Canadian dollar against the Swiss franc.
However, it's essential to consider the following risks:
Global economic slowdown: A slowdown in global economic growth could reduce demand for Canadian exports and impact the country's economic growth.
Trade tensions: Escalating trade tensions between Canada and other countries, particularly the US and China, could impact the country's trade balance and economic growth.
Oil price volatility: Canada's economy is heavily dependent on the energy sector, and oil price volatility could impact the Canadian dollar.
Market Sentiment:
Bullish sentiment: 70%
Bearish sentiment: 30%
Neutral sentiment: 0%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
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CAD/CHF Bearish Reversal Setup in Play The chart suggests a potential short setup based on the price's reaction to a resistance zone and the presence of a bearish order block. The trade appears to follow a risk-to-reward ratio strategy with a clear stop-loss and multiple take-profit levels defined below the current price.
Key Observations
1. Entry Zone: The short trade is initiated near 0.63230, around a resistance area.
2. Stop-Loss: Positioned at 0.64002, just above the recent highs, to minimize risk.
3. Take-Profit Levels:
First target: 0.62836 (close support).
Second target: 0.62458.
Final target: 0.62080, aligned with a strong demand zone.
4. Order Block: The highlighted zone indicates a bearish order block, signaling a potential reversal from the resistance level.
5. Momentum: The price is consolidating near the resistance, indicating a potential move downward, provided sellers gain control.
Strategic Implications:
Bearish Confirmation: Wait for a decisive bearish candle or rejection pattern before adding positions.
Risk Management: Maintain the stop-loss at 0.64002 to avoid overexposure to risk.
Profit Targets: Use scaling-out strategies at each take-profit level to lock in gains progressively.
This setup appears well-structured, with a high probability of success if the bearish bias plays out. However, traders should remain vigilant of false breakouts or sudden reversals.