CADCHF 📈 Bullish Plan – Pending Breakout ConfirmationI’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.
