H4 Bias Bullish. Price retrace to horizontal level. a reverse Head & Shoulder pattern was formed. after broke of neckline. Price formed a triangle pattern.
Both pattern were broken towards upside. Set a long trade towards upside.
I would like to quote a wise (and profitable) trader at this point:
"Trading is a simple game. What makes it so complicated is the presence of the SNB."
Put simply:
I'm buying the CAD against CHF for a long-term swing trade.
The reasons for this are short and sweet:
- As predicted back in February, Swiss inflation fell below 2% in July.
- As predicted,...
USD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
CAD/CHF Short
Minimum entry requirements:
• Tap into area of value.
•...
Introduction:
CAD/CHF has recently formed an Anti-Butterfly XABCD harmonic pattern, indicating a potential bullish reversal. This technical analysis aims to provide insights into potential entry and exit points for traders interested in capitalizing on this pattern.
Pattern Formation:
The Anti-Butterfly XABCD pattern on CAD/CHF suggests a reversal in the...
#CADCHF
UPDATE
Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about CADCHF. CADCHF is below the main resistance level. Here we can see a good drop in price. In this move we can see drop upto 100Pips+ soon.
Keep in touch we will update further soon.
I'm back guys.
This is bit risky opportunity. So be very careful before you enter.
To enter the trade it MUST break the up trend line (blue one) with a good volume. TP is marked on the chart.
GL.
I took a sell on friday on cadchf and i am currently in a draw-down on one of the trade but i strongly believe that the trade would drop from here because there is alot of head and shoulder patterns on multiple time frames suggesting it will drop and alot of confluences. I entered another trade again on a smaller timeframe again with fewer pips risk to add to my...
CADCHF looks strong bearish we can see last higher low break and also there bearish divergence looks that's most likely that market will go in bearish trend.
What do you think?
Hello,Friends!
CAD/CHF is making a bearish pullback on the 4H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 0.666 level.
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Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 From a long-term perspective , CADCHF has been overall bearish, trading within the falling channel in red.
📈 From a medium-term perspective, CADCHF is in a correction phase trading within the rising wedge pattern in blue.
🏹 The highlighted red circle is a strong area to...
SELL CADCHF for trend reversal
update
SELL CADCHF NOW ✅
STOP LOSS : 0.6682
From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too...
there is a...
I am already going short on CadChf as it has broken the 1HR trendline and has retested the previous support/resistance zone area. My setup will be invalid if it breaks the last resistance at the top
Hello traders
CADCHF is another trade I'm looking at
* Ending structure forming (B wave with 5 waves)
* MACD divergence
* ORDER BLOCK @ 0.67200 level
* Unfilled gaps at the bottom
* CHF CPI News on Thursday (04/04/2024) MIGHT BE THE TRIGGER
ENTRY: 0.67200
STOP LOSS: 0.67380
TAKE PROFIT: 0.65346
I am going short on CadChf as it has broken the trendline and it is bouncing off the previous strong trendline resistance. My setup will be invalid if it breaks above the last resistance
