Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

CADCHF buy trading strategy explained - By Vladimir Ribakov #trading #forex #forexsignals #shorts

27 May 2024 · 1 min

Watch on YouTube

1:00

In this short tutorial, Vladimir Ribakov of Home Trader Club walks traders through a complete CAD/CHF long setup. He starts by highlighting a bullish daily structure marked by three higher highs and higher lows, followed by a pullback where a previously broken resistance level is retested and holds as support. On the 4‑hour chart, a bullish harami candle appears and the descending trend line is broken to the upside. The plan then focuses on pullbacks to key Fibonacci retracement zones; when price respects these zones and bounces, the next confirmation is a bullish MACD divergence—price makes lower lows while the MACD histogram and moving average make higher lows—combined with a break above the most recent trend line. This confluence triggers the buy order, and the trade subsequently shows strong upside movement in the CAD/CHF pair.

Chapters

Hello traders, how are you? Vladimir here from Home Trader Club. In this video, I want to explain the strategy behind the CAD/CHF buy. So we spotted the bullish price action, 3 higher highs, higher lows on a daily chart. Then it was followed by a pullback. The broken resistance was respected, retested, and became a support. The price bounces off it. On a 4-hour chart, after this wonderful bullish Harami, The falling resistance line or trend line was broken to the upside. In that case, the plan is easy: pullbacks towards the Fibonacci zones, respect this area, bounce off it, and that would be a buy trigger. As we can see, the pullback to the Fibonacci happened right here. At the end of the pullback, a bullish divergence: lower lows on the chart, higher lows on the MACD moving average and histogram, and break above the most recent trend line. That's the trigger to buy. And as we can see, the CAD franc. Delivers big time since then.