CADCHF will go bearish after completing the Gartley Pattern so we can go long for a while before going short.
CADCHF seems to have yet again reached a low, great chance to take some cash in a good longterm low multi buy have fun buyin CC safe trading i do not take any responsability
CADCHF is testing major support at 0.7716 (Fibonacci retracement, horizontal overlap support, bullish price action, bullish divergence) and a strong bounce could occur at this level to push prices all the way up to major resistance at 0.7851 (Fibonacci extension, horizontal swing high resistance). Stochastic (55,5,3) is seeing major support above 6.4% where a...
CADCHF has broken major support-turned-resistance level at 0.7809 (Fibonacci retracement, horizontal overlap resistance) and remains below our Ichimoku cloud signalling that there is bearish momentum. Our next resistance is at 0.7830 which is above our 61.8% Fibonacci retracement and also at a swing high resistance. Price could potentially drop all the way to...
CADCHF is now testing our long term channel resistance once again and a further drop could occur from this level as it has respected the channel so well so far. Our 1st resistance is at 0.7438 (Fibonacci retracement, horizontal overlap resistance) and our next support is all the way down at 0.7368 (Fibonacci extension). Trading CFDs on margin carries high risk....
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Hi traders, Another close spike (not the best) on the CADCHF 15M chart on an important support level. I am targeting the break of the top for my profits. Right now the trade is on break-even and lets see how it continues. (This is not a trade recommendation!)
From the previous two trading session, the Swiss Franc descended strongly against its major Forex currencies. An acquaintance of mine has told me that although no news of it was there, it seems that the SNB (Swiss National Bank) has intervened with the Swiss. When I started stock and forex trading, I've already heard rumors and sayings that the Swiss Franc is a...
CADCHF has started a new uptrend and I was waiting for the pullback to enter LONG on this trade. Here are the things that I am looking for to enter this trade setup: 1. Price will retrace around 38.2 to 50.0 Fibonacci levels which both coincide with previous support and resistance areas. 2. Strong green candle has closed with its low touching the 38.2 Fibonacci...
Hey guys, another chart today, this time it's CADCHF's turn. As you can see the daily chart is giving us multiple reasons to look for long opportunities, and pay attention to the "look for" verb, it doesn't mean we're going to take the trade with no confirmation (since we're on the daily i don't trade patterns on the daily itself). Instad, i've outlined the...