CAD/CHF ∫ Swing Trade Plan and Price Roadmap

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CAD/CHF ∫ Swing Trade Plan and Price RoadmapCANADIAN DOLLAR VS SWISS FRANCTRADENATION:CADCHFThe-ThiefCAD/CHF Bullish Swing Setup 🚀 | Kijun Breakout & Retest in Play! 🇨🇦🇨🇭 TradingView Idea Description: 🎯 Hey Traders! Welcome to a detailed swing trade opportunity on the CAD/CHF. Let's break it down for maximum clarity and potential profits! 👍 & 💬 if you're following! 📈 Trade Thesis: Bullish Swing The setup is simple: We are waiting for a decisive breakout and a successful retest of the Kijun-sen (Baseline from the Ichimoku Cloud) to confirm bullish momentum. Asset: CAD/CHF (Canadian Dollar vs. Swiss Franc) Strategy: Breakout & Retest | Swing Trade Bias: BULLISH ✅ ⚙️ Trade Plan & Execution Trigger Zone: Watch price action around 0.57400. Entry Signal: A clean breakout above the Kijun-sen, followed by a retest of it as new support. A bullish rejection candle (like a hammer or bullish engulfing) on the retest is your ideal confirmation. Entry: You can enter on the retest confirmation or any point after a confirmed breakout closes above the level. 🛑 Dear Ladies & Gentleman (Thief OG's) - Risk Management is KEY! 🛑 Stop Loss (SL): My strategic stop loss is placed at 0.56800, below the recent structure. ⚠️ IMPORTANT NOTE: I am NOT recommending you use only my SL. Adjust your position size and stop loss based on your own risk tolerance and strategy. You are the captain of your own ship! 🧭 🎯 Profit Targets (PT): TP 1: Our primary target is 0.58000. Why Here? This level is where multiple technical factors converge: 🟥 Triangular Moving Average (TMA) acting as strong dynamic resistance. 📊 Potential overbought conditions on lower timeframes. ⚠️ A classic "trap zone" where corrections can begin. Smart Move: This is a zone to escape with profits! Consider taking partial profits here. ⚠️ REMINDER: Just like the SL, this is MY target. You are free to take profits earlier or manage your trade based on your own analysis. Make your money, your way! 💰 🔍 Market Context & Related Pairs to Watch Diversifying your view is crucial. Here are key pairs to keep on your radar and why: USD/CAD (USDCAD): 🔥 INVERSE Correlation. A weaker USD often means a stronger CAD (bullish for CAD/CHF). If USD/CAD is falling, it can support our bullish CAD/CHF thesis. USD/CHF (USDCHF): 🔥 POSITIVE Correlation. The CHF is a safe-haven. Often, USD/CHF and CAD/CHF can move in similar directions against the USD. A strong USD/CHF can sometimes lend strength to CAD/CHF. EUR/CHF (EURCHF): 🔥 POSITIVE Correlation. The Swiss Franc is often traded as a bloc against European currencies. Watch this for general CHF strength/weakness. WTI Crude Oil (WTI): 💎 Key for CAD. The Canadian Dollar is a commodity currency, heavily linked to Oil prices. Rising Oil prices are generally BULLISH for the CAD. A strong rally in Oil could be the fundamental driver for this technical breakout. Let's have a green and profitable trade! 🍀 #TradingView #Forex #CADCHF #SwingTrading #Ichimoku #Breakout #TechnicalAnalysis #ForexSetup #TradingIdeas #CommodityCurrencies #SafeHaven #ThiefOGs