Community discussions

2 hours ago

📈 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).

Idea: CAD/CHF Technical Roadmap for …

Boogon69

7 hours ago

Still go on buying trend.

PouyanFa

2 days ago

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.

The-Thief

📈 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.