short entry after a bearish pin bar printed on a down trend line
I hoped until the 0.70195. But since I am following this pair two weeks ago will get bought in the long run.
Price hit 76.4% Fib resistance on a larger time frame and seems to be contracting. Looking at possible 4 hourly short setup to the downside with break of the small trendline.
possible rebounce on a structure level. RR acceptable
Hello traders, here we have a trade on the pair where we can see that an ab=cd completed right at the structure. Have 3 potential targets for this trade which are shown, first one is the 23.6 fib level followed by 38.2 and 61.8 Cheers
Hello traders, have a potential short setup on this pair. Have a rising wedge along along with a fib completion at the structure below.
Hello traders , potential short on this pair. Price is at the completion of the ab=cd as well as being at a previous fresh supply. Targeting 382 retracement since that would be the previous structure which might just become the new support. Can go as far as 618 cheers
CADCHF - LONG - DAILY Possible Long set up, with 50% Fib bounce and Cloud beak out and entry at a Trend line break, - Daily candle not closed yet, but still entered the trade ( will close trade if daily candle reverses and closes as an indecision candle). Trading CAD strength rather than CHF weakness as CAD has some major bullish divergence with other major...
Here we have a potential pattern on nzdcad, target would take it to the bottom of the triangle Pair is still long term short and 8100 might be a possible future target Best of luck
Good morning traders, I´m opening a Long position at current levels with SL below 0.729 on a daily close , for a retest of resistance at 0.742 area. Ichimoku setup is bullish and above 50 MA . Please thumbs up if you agree 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high . 3. Think like a fundamentalist,...
CADCHF has completed a 5 wave impulse and is due for a correction. Bullish divergence in addition to a TL break indicates the beginning of the correction. Entry at the .382 fib of "A" wave with target at daily pivot/.382 fib provides a high probability long position.
Got into this short based on the current price action. , Will closed the trade by end of friday trading day. Sl ,entry and tp on chart.
Short opportunity on CADCHF Reasons for entry - Price hitting multiple trendline/resistance levels - In line with the down trend - MACD divergence Exit strategy - Stop 0.7627 - Target 0.7527 - Reward:Risk 3:1 Let me know what you think?
PRICE IS ONCE AGAIN PUTTING PRESSURE ON SUPPORT JUST ABOVE THE 61.8 FIB LEVEL ON THE DROP CAUSED BY THE SNB IN JAN. WHATCH THIS AREA FOR A BREAK OR BOUNCE.
After a long rally CADCHF has finally found dome support at the median line of a downsloping pitchfork. The Swiss franc is no longer as strong as it used to be in the second half of January, but the CAD remains relatively weak. It looks to me like this market could do with a bit of correction: probably down to 0.77, but if it gathers bearish momentum, it might go...