1) Price looks like it is losing momentum, as the bullish candles are getting smaller and smaller.
2) There has also been multiple touches of this downward trendline
3) The RSI is also coming to the overbought area as well as divergerence
I personally will be looking for the ascending trendline to break with potentially a retest before entering
This is a good...
. There is a possibility of temporary retracement to suggested support line (0.7290). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. CADCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance....
TWO Buy Entries TP1 & TP2 4HR Candle.
The price has been moving within the the Trend pattern and this looks like a good entry to buy as it is at its lows.
Looking at the chart you can see the ABCD Triangle Forming with Confirmation of ABC Already given.
It's Been a rough past week for CAD Against the other currency but this following week it could change the...
Price did a false break outside the triangle, but demand pushed it back and the Weekly candkle closed back in the range.
Target would be opposing supply and trendline
CHF currently looking weak so this seems a good opportunity
The chart shows clearly what I am looking at here. We have the impulse wave down breaking below the support zone and now I am looking for a sell opportunity in this pair. I will then aim to ride the wave down to the longer term trend line below!
I am looking for a pullback up to the support/resistance area before awaiting confirmation on a sell trade. If price...