CADCHF 📈 Trade Plan: Bullish Rationale: The pair is showing strength at key support levels. We are anticipating a move higher towards a significant resistance zone, fueled by potential weakness in the Swiss Franc and commodity-driven strength in the Canadian Dollar.
⚡ Entry Strategy: "The Thief" Layer Method This strategy uses multiple buy limit orders to "steal" good prices by scaling into the position. 🎯
Recommended Buy Limit Layers:
Layer 1: 0.56800
Layer 2: 0.57000
Layer 3: 0.57200
💡 Pro Tip: You can increase or adjust the number of layers and levels based on your personal risk tolerance and market depth.
🛑 Stop Loss (Risk Management) A conservative stop loss can be placed below the recent swing low at 0.56600.
⚠️ Disclaimer (PLEASE READ): This is MY suggested SL. Trading involves high risk. You MUST adjust your position size and stop loss based on your own risk management strategy and account size. I am not a financial advisor.
🎯 Take Profit Target Primary Target: 0.58400 Reasoning: This level aligns with a confluence of resistance factors, including a key Moving Average, a potential overbought trap on lower timeframes, and a previous price structure. The plan is to "escape with profits" before a potential rejection.
⚠️ Disclaimer (PLEASE READ): This is MY target. You are free to take profits earlier or manage the trade with a trailing stop. Protect your own capital first!
🔍 Related Pairs & Market Context To get a holistic view, keep an eye on these correlated assets:
USD/CHF (USD vs. Swiss Franc): 👈 KEY PAIR TO WATCH!
Correlation: CHF is a safe-haven currency. If USD/CHF is rising, it often indicates CHF weakness, which can BULLISH for CAD/CHF (as we are shorting CHF).
USD/CAD (USD vs. Canadian Dollar):
Correlation: CAD is a commodity currency. If USD/CAD is falling, it means CAD is strengthening, which is also BULLISH for CAD/CHF.
USOIL (WTI Crude Oil) or XAU/USD (Gold):
Correlation: Canada is a major oil exporter. Rising oil prices often strengthen the CAD. Watch for bullish momentum in oil to support this trade.
Key Takeaway: For this CAD/CHF long trade to work best, we want to see USD/CHF going UP (CHF weak) and/or USD/CAD going DOWN (CAD strong).
CADCHF The first plan in our watchlist was a short position, and the trigger has now been activated. If you already have an open position, keep it until the result is clear — either the stop-loss or the take-profit. If you don’t have an open position, place a sell stop at 0.57120.
CADCHF 📈 Bullish Plan – Pending Breakout Confirmation I’m monitoring CAD/CHF for a Kijun-sen (MA) breakout and retest around 0.57400. Once we get a clean breakout and retest, buyers can look for entries at any valid price level that matches their personal strategy.
🎯 Entry Zone 👉 Buy after confirmed breakout + retest of Kijun-sen around 0.57400.
🛡️ Stop Loss (SL) This is my SL: 0.56800 Dear Ladies & Gentlemen (Thief OG’s) — adjust your SL according to your own rules, strategy, and risk appetite. I am not recommending anyone to use the same SL blindly. Trade your own plan.
💰 Take Profit (TP)
Targeting: 0.58000 Why? Triangular MA acting as a strong resistance Market sitting in an overbought zone Possible trap + correction cycle forming So secure your gains as price reacts to resistance. Again, Ladies & Gentlemen (Thief OG’s) — TP is personal choice. I’m not forcing a fixed target.
🔍 Correlated / Related Pairs to Watch (FX Market Insight) 1️⃣ USD/CHF CHF movement often mirrors strength/weakness across USD pairs. If USD strengthens and CHF weakens, CAD/CHF upside becomes more likely. Watch for DXY strength → CHF weakening → CAD/CHF bullish momentum support.
2️⃣ CAD/JPY CAD strength is clearer when CAD/JPY trends bullish. Risk-on sentiment strengthens CAD.
If CAD/JPY is climbing, it confirms CAD-side bullish pressure that can support CAD/CHF longs.
3️⃣ EUR/CHF Measures pure CHF strength. If EUR/CHF rises → CHF weakens broadly → supportive for CAD/CHF breakout continuation. If EUR/CHF falls sharply, expect resistance for CAD/CHF bullish trades.
4️⃣ USD/CAD Helps understand CAD strength relative to USD. If USD/CAD drops → CAD strong → improves probability of CAD/CHF upside continuation. If USD/CAD rises too aggressively, keep risk controlled.
CADCHF 📈 Trade Plan: Bullish
