CADCHF is approaching its resistance at 0.75044 where it is could reverse down to its support at 0.74455. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF and EURCAD are negatively correlated; that is, if EURCAD is trading higher, then most of the time CADCHF will be trading lower. I've been tracking a triangle pattern on EURCAD, but when a colleague sent me his view on CADCHF, I could easily spot an almost completed triangle pattern as well. This further confirms that the triangle on EURCAD and the related...
CADCHF Bigger Picture on The Higher Time Frame Is In Between A Consolidation Wedge, The Market Recently Came To Top of The Wedge And Got Rejected Forming A Head & Shoulders Pattern, This Is The 4th Time The Market Gets Rejected Off of This Trend Line, The Market Now Already Broke The Small Up Trend Line Putting The CAD Swiss In The Sell Zone.
Moving in a range Correctively Possible a Reversal from Bottom of the Structure
Took this trade earlier based on the 4 hour, and the lovely engulfing candle which you can see was my trigger candle. Was in the middle of publishing when i had to rush off to do something. Price hasn't really moved to far from my entry point, so i just thought i would bring it to your attention.
Looking Reversal pattern , i am expecting Engulfing Candle on 3rd Touch. then Buy otherwise Ignore and keep sell
In the name of Allah, the Most Gracious, the Most Merciful". CADCHF In 1Hrs Time Frame Looks Bearish Because in 4 Hrs It has Broken its Last Support level which current making resistance level. News : BOC Rate Statement, Overnight Rate At 8:30 pm Indian Time Market Trend: In 1 Day Time Frame its Looks more bearish. Risk is 14 pips Reward is 43 pips. IT...
Price broke an ascending channel and has since seem to have formed a falling channel and is testing the resistance line. You can wait for more confirmations and sell if the price doesn't manage to break the line. This idea will be invalidated if the price manages to break the line.
According to Head and shoulders Mixed with Retest Of Broken uptrend
Buy on pullback continue for upside. full Trade setups foreacsting
Welcome to our weekly trade setup ( CADCHF )! - 1 HOUR Bullish price action turned. 4 HOUR Overall very bearish market with a lot of pullbacks. DAILY Bearish waving market structure, good short entries. - FOREX SETUP SELL CADCHF 1ST ENTRY @ 0.74830 (Wait for trigger) 2ND ENTRY @ 0.74980 SL @ 0.75250 TP @ 0.74360 RR: 1.1 / 2.35 Use 0.5% risk per...
Banks are bullish on the CAD and they are bearish on CHF. Trade is only valid when the level indicated is broken
Taking short positions, we've tapped a supply zone, I think we're going down to support
CADCHF expected to rise up to 1st resistance at 0.74537 where it could potentially react off and drop down to 1st support at 0.74282. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
I see a leg 4 to 5 back to the medium dashed line price zone. From there we could bounce and hold support or expance with an additional ABC correction below the dashed line. Daily, weekly, and monthly buyers are showing a possible " > < " In and out symmetrical pinching to expanding pattern on daily and 4hr. Hourly shows divergence for a short and stochastic...