CADCHFThe CAD/CHF pair is expected to move to the bearish side as it recently touched the symmetrical triangle resistance trendline, completing the Elliott Wave 4th wave. With the 5th wave now anticipated to move downward, this aligns with the technical analysis signaling further downside momentum.Shortby forex_info4
Potential bearish drop?CAD/CHF is rising towards the pivot which has been identified as a pullback resistance and could potentially fall to the 1st support. Pivot: 0.66890 1st Support: 0.66482 1st Resistance: 0.67215 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Shortby ICmarkets7
CAD/CHF: Bearish Harmonic Pattern at Key Resistance LevelThe CAD/CHF currency pair is presenting a compelling shorting opportunity based on a confluence of technical factors. A Bearish Harmonic Pattern is currently unfolding, with Point D, also known as the Potential Reversal Zone (PRZ), situated at a critical resistance level. This strengthens the bearish case as price tends to find rejection at these confluence zones. Harmonic Pattern and Resistance: The specific Bearish Harmonic Pattern in development is not explicitly mentioned, but the key takeaway is the presence of Point D at a resistance area. This area has previously acted as a barrier to price advancement, and a retest often leads to a reversal. The confluence of the pattern completion and resistance adds significant weight to the bearish bias. Bearish RSI Divergence: Further bolstering the bearish case is the presence of Bearish RSI Divergence on both the 1-hour and 4-hour timeframes. RSI divergence occurs when price makes a new high (or low) but the RSI indicator fails to confirm the move, printing a lower high (or higher low). This divergence suggests a weakening bullish momentum, potentially leading to a price reversal. Trendline Support Turned Resistance: Adding another layer of confirmation is the fact that Point D coincides with the 4-hour trendline. This trendline, which was previously acting as support, has likely been broken and is now functioning as resistance. This reinforces the notion of a bearish shift in momentum. Entry, Stop Loss, and Take Profit Levels: Based on the confluence of technical indicators, a short trade is recommended with the following parameters: Entry: 0.66710 Stop Loss: 0.67025 (placed slightly above the broken trendline resistance) Take Profit Levels: TP-1: 0.66395 TP-2: 0.66080 TP-3: 0.65765 (These profit targets are strategically placed at key technical levels or at a predetermined risk/reward ratio) Risk Management: It's crucial to employ proper risk management techniques for this trade. The stop loss should be placed above the broken trendline resistance to account for potential retracements. The take profit levels offer a favorable risk-reward ratio, allowing for potential profit even with a conservative approach. Conclusion: The CAD/CHF presents a strong shorting opportunity based on a Bearish Harmonic Pattern, Bearish RSI Divergence, and a broken trendline acting as resistance. The confluence of these factors suggests a high probability of a bearish reversal. However, as with all trading strategies, proper risk management is essential.Shortby trading_jupiter3
CADCHF.... Range BoundCADCHF showing a range bound activity... with 4H resistance encroachment will likely to activate sellers as RSI is also showing a bearish divergence .....will it fall to next support .... Risk managed entry can be taken with a SL above resistance zone and entry after 1st red candle on 4H TF Shortby justfurrakh1
CADCHF is BearishPrice has broken previous higher low after bearish divergence appeared on 1H time frame. It means that bears have taken control and further slump in price can be expected. Price has moved up a bit for making a lower high and the bearish rally will trigger once it breaks the newly defined lower low. Targets are mentioned on the chart. Shortby Fahad-Rafique110
CADCHFBias Bullish. NB: cad news later on which could potentially take out lows below. Overall expecting price to distribute higher to the Asian highs. There could be an entry after the news. Previous Weekly highs are the ultimate target. The psychological part of trading is what makes it difficult. If you able to work on yourself (all other factors constant) it could be liveable.Longby hskarue442
Long positions unlock the Godzilla mode Take your time and study these things until your eyes can see them .1hr analysis. Waiting for the market is key to success by Godzillaviews2
Institutional candle sticks These ones have stop loss hunt they are .the market comes back two times for these onesby Godzillaviews1
✅CAD_CHF LOCAL SHORT🔥 ✅CAD_CHF is trading along the falling resistance line And as the pair is going down now After the retest of the line I am expecting the price to keep falling With the target of retesting the demand levels below at 0.6670 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx112
CADCHF - 2 scenarios ✅Hello traders! ‼️ This is my perspective on CADCHF. Technical analysis: As we can see here price is in a range for the last couple of weeks. I have 2 scenarios here, if price rejects from resistance I expect downside move to support, but if price breaks the resistance with bullish candle on daily, I will look for a buy. Like, comment and subscribe to be in touch with my content!Longby Snick3rSD9
Could CAD/CHF drop from here?Price is rising towards a resistance level which is slightly above the 161.8% Fibonacci extension and could potentially drop from this level to our take profit. Entry: 0.66883 Why we like it: There is a pullback resistance level which is slightly above the 161.8% Fibonacci extension. Stop loss: 0.67211 Why we like it: There is a pullback resistance level which aligns with the 127.2% Fibonacci extension. Take profit: 0.66482 Why we like it: There is an overlap support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Shortby VantageMarkets6
CADCHF: Short Trade with Entry/SL/TP CADCHF - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell CADCHF Entry Level - 0.6676 Sl - 0.6692 Tp - 0.6648 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals113
CANCHF now it making Top 3 it will go down so far. and it will break down . now it trying to go down.Shortby kimhou096223
CADCHF IDEAThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyby akmalsabran900
Early entry triple topTriple top, not confirmed yet but looks very bearish. I opened a short position, I'm not waiting for a break down of the support at 0.66. I like to keep my SL as tight as possible. SL trigger if the pair breaks up the uptrend line with a daily candle and closes above ti. Shortby ArturoL0
CADCHFCADCHF is showing Bearish divergence place a sell as it will break its Last HL WITH Trendline Longby Trade_WithOsama0
CADCHF Is Going Up! Buy! Take a look at our analysis for CADCHF. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.664. Considering the today's price action, probabilities will be high to see a movement to 0.669. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider111
CADCHFWe can attempt to buy CADCHF as it break LH , trendline resistance , also there is bullish divergence indicate that it moves upward. SL , TP mention in chart.Longby SignalEdge0
CADCHF short idea CAD/CHF currency pair is exhibiting significant bearish potential, driven by anticipated actions from the Bank of Canada (BOC) and the overall bearish trend of the US dollar, which indirectly impacts the Canadian dollar. Fundamental Analysis : Bank of Canada's Monetary Policy: The BOC is widely expected to lower interest rates in the near future. A rate cut would weaken the Canadian dollar as investors seek higher yields in other currencies. The dovish stance of the BOC is a key bearish factor for the CAD/CHF pair. US Dollar's Bearish Outlook: The overall bearish sentiment towards the US dollar also indirectly impacts the Canadian dollar due to the close economic ties between the US and Canada. As the US dollar weakens, it often leads to a spillover effect, dragging down the Canadian dollar further against other currencies, including the Swiss franc. Technical Analysis : Technically, the CAD/CHF pair has recently shown signs of downward pressure, breaking below key support levels. Momentum indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a continuation of the bearish trend, reinforcing the downside potential. Conclusion : Given the Bank of Canada's likely rate cuts and the overall bearish trend of the US dollar, the CAD/CHF pair is poised for further depreciation. Traders should consider this an opportune moment to explore short positions, anticipating continued weakness in the Canadian dollar against the Swiss franc.Shortby Metow1sw0
CADCHF SELL SETUPThe CAD/CHF currency pair has breached its uptrend line, suggesting a potential sell signal. TP and SL are marked. Always follow risk managmentShortby PotentFXUpdated 0
CADCHF - SELL Lots going on now Swiss Jappy USD All Selling off in Tandem After some long runs This is just what they do Un-Wind positions as they call it HnS on this pair 110% Guaranteed Everyone has seen it Always Always play out Also Heading for Order Block Below 5m and 4 hr Index's are both crossing over All indicators are Red at the Moment Shortby NZ_SharemanUpdated 1
CADCHF Short Term Sell IdeaH1 - Bearish trend pattern No opposite signs Until the strong resistance zone holds I expect the price to move lower further after pullbacksShortby VladimirRibakov1