CADCHFWe are going to place a pending order on this asset that has gone too far down. Now you could see a correction coinciding with the second part of the week. Remember we remove the order if it has not been executed at the end of the day. (as a reference 7pm or 8pm in London)
Vamos a poner una orden pendiente en este activo que se ha desplazado demasiado a la baja. Ahora cabria ver una corrección coincidiendo con la segunda parte de la semana. Recuerda quitamos la orden si no se ha ejecutado al acabar el dia. (como referencia 19h o 20h de Londres)
CAD (Canadian Dollar)
CADCHF - Catch This Easy Wave! 🏄🏼♂️CADCHF is currently trending bearish = looking for only sell setups.
In this analysis, we can see multiple degrees of waves.
Major waves = Black bracketed waves
Subwaves = Red circled waves
Minor waves = small red bracketed waves
We are currently in subwave 3 which has 5 minor waves.
We are seeing minor wave 2 correction now and anticipating minor wave 3 move lower.
Trade idea:
- Watch for rejection of sell zone
- Risk entry on rejection of fib
- Safe entry on break of red trendline
- Targets: 0.712 (250pips), 0.69 (450pips), 0.65 (700pips)
Goodluck and as always, trade safe!
Cadchf some correction might be there before resume downside...
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
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✨ NEW: CADCHF ✨ UT (3D) ✨Shout out to @Oktane for this pair 😂
SLO @ 0.7750 ⏳
TP1 @ 0.7415 (shaving 25%)
TP2 @ 0.7100 (shaving 25%)
TP3 @ 0.6850 (shaving 25%)
TP4 @ 0.6633 (closing ALL Sell Orders)
ADDITIONAL INFO:
00:00 The Easiest Trend Ever
00:32 Curve Analysis
00:55 Only Short Opportunities
04:47 Extreme SLO
05:27 Shaving 25%, then closing @ TP3
06:00 A Possible Buy Opportunity?
07:30 Boost, Follow, Comment, Join
CADCHF : Short Trade , 1hHello traders, we want to check the CADCHF chart in the 1-hour time frame. The price is moving in a downward channel and has hit the previous floor. We expect this level to play the role of a resistance level and maintain the downward trend of the price and cause The price drop until the targets are specified. Good luck.
CADCHF sell Entry : 0.66220
Stop : 0.66730 , Target1 : 0.66665 , Target2 : 0.65200
Risk/Reward Ratio : 2
CADCHF - Bearish Trend According to my analysis using the Relative Strength Index (RSI) indicator, there is a divergence present at the moment.
A bearish trend would be confirmed once the first Higher Low (HL) is broken and the first Lower High (LH) and Lower Low (LL) are formed.
As part of my personal trade plan, I intend to enter a short trade with a 1:1 risk/reward ratio.
However, it is essential that you conduct your own thorough research and risk management strategies before making any trading decisions.
CAD/CHF Massive Short! SELL!
My dear subscribers ,
This is my opinion on the CAD/CHF next move:
The instrument tests an important psychological level 0.65969
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.66651
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
CADCHF Is Going Down! Sell!
Here is our detailed technical review for CADCHF.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.659.
Considering the today's price action, probabilities will be high to see a movement to 0.655.
P.S
We determine oversold condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
CADCHF Potential DownsidesHey Traders, in today's trading session we are monitoring CADCHF for a selling opportunity around 0.66100 zone, CADCHF is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.66100 support and resistance zone. We would also consider some potential CHF strength as it's considered a classic safe haven.
Trade safe, Joe.
CADCHF 27/APR/2023CADCHF has been trading within a bearish channel since early 2022, and the price is currently consolidating inside bearish channel pattern. The recent price action has approached the support level of the bearish channel, which suggests that there is a possibility of a rebound or a bounce upwards.
The stochastic 5,3,3 indicator has crossed below the oversold value, which indicates that the momentum of the price is turning bullish. This is a positive signal for a potential rebound, as it suggests that the selling pressure may be weakening.
However, a breakout could occur through the bearish channel support area, which could lead to a deeper decline in the price.
This technical analysis is for educational purposes only and should not be considered as trading advice. Trading in the financial markets involves risks, and it is important to always manage your risk appropriately.
TRADE UPDATE: CADCHF dropping to its target of 0.6472Box formation formed on Daily.
We now have an M Formation (confirming further downside).
Once the price broke below, we had our first target in mind.
Which it's now heading to with grace.
200>21>7 - Bearish
RSI<50
Target remains 0.64720
SMC
Buy side liquidity (Above the M Formaiton). This is where Smart money comes and sweeps the buying (selling into it) which creates supply and downside for the market.
All signals are down.
CAD/CHF A Fall Expected! SELL!
My dear friends ,
This is my opinion on the CAD/CHF next move:
The market is trading on 0.65444 pivot level.
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.64828
My Stop Loss - 0.65821
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
✅CAD_CHF STRONG DOWNTREND|SHORT🔥
✅CAD_CHF is trading in a
Strong downtrend and the pair
Just broke out of the bearish
Triangle pattern and the
Breakout is confirmed which
Reinforces our bearish bias
On the pair and I think that
After the pullback and retet
The price will go down
Towards the 0.65 level
SHORT🔥
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CAD/CHF: Continuing Bearish Trend and Short Setup OpportunitiesThe CAD/CHF currency pair has been caught in a bearish trend since the 4th of April, and this downward trend has persisted, leading to the historical minimum for this pair. Currently, the price movement is not indicating any signs of a reversal or retracement, leaving traders uncertain about where the bearish rally will eventually come to a halt. Across all timeframes, the price continues to exhibit a bearish trend, presenting traders with limited opportunities. Consequently, the best approach for traders is to focus on short setups and continue following the prevailing trend.
Given these circumstances, our suggested strategy would be to maintain a bearish outlook and seize any opportunities that arise for short positions. This would allow traders to capitalize on the current market dynamics and potentially earn some gains.