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The CADCHF pair touched 0.6780 level to form intraday obstacle against the negative trades, to notice forming temporary correctional rebound and test the additional barrier at 0.6890.
We assure the importance of gathering the additional negative momentum to manage to renew the bearish attempts and repeat the pressure on 0.6780 level, while achieving the required...
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑
1 🧐Eagle eye: Canadian Doller always the weakest Currency Against CHF According to available Data, so Most Of the time, it Was bearish .for now, The impulse move is also intact, so the big picture is bearish
2 👌Monthly: the trend is established as bearish, and this time, an impulsive action is in full power by...
CADCHF ( 4H) has formed a head & shoulder on the 4H on the important level of resistance. In the last session, we have seen a strong rejection from the head & shoulder with textbook hammer sign of breakdown. It is highly likely that CADCHF will continue to drop as the long-term trend is down.
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According to volume and technical analysis , CAD/CHF is in uptrend .
put your buy limit orders and relax .
Entery points are the 3 levels of Fibo ( 1 , 0.5 , 0 )
SL @ red Fibo level
TP @ green Fibo level
Good Luck guys ;) ...
When it comes to the technical analysis of CADCHF , it is still in downtrend and likely to get at least 100 Pips to the downside. Based on technical analysis, it looks weak even in higher time frames and smaller time frames alike. That's why I came to this conclusion that this currency pair is still in downtrend. However, if the price breaks the above supply...
When it comes to CADCHF technical analysis , this currency pair is right now in a downtrend.
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It's not late to jump in and ride the short term wave for 60+pips.
Strategy: Shift in Direction
There is BOS and Correction to 78.6% fibo level of the swing that caused the break. I expect price to grow to my target 2, but first, i have to cover the cost by taking profit in-between.
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this pair formed a valid trendline with 3 touches on H4 timeframe
now we're waiting for a momentum candle to close under the 3rd touch of the trendline so we can enter a sell position
Good luck
CADCHF currently breaks out its recent higher high on the D1 chart, and the market already consolidated many times and created a resistance level. I'm expecting a short for the upcoming days.
What I see in this pair is quite nice and as clear as possible, as you see in the chart,
Blue area you see just above the price is strong supply which price reacted to it perfectly, you can see they pushed price lower and lower after reaching to its strong supply,
Price were moving in strong uptrend channel , which 2 weeks ago that channel were broken to down,...
Hi Traders
CAD/CHF Multi-Timeframe analysis
H1 CHART ( BULLISH )
A very high probability, entry signal to go LONG was given at 0.71104 after the market found support at 0.70829 . Only the downward break of 0.70829 would cancel the bullish scenario.
Support & Resistances
0.70789 0.71094
0.70455 0.71331
0.70165 0.71621
H4 CHART ( BULLISH )
A very...
