CADCHF Ready to short near the downtrend channel.
CADCHF broke out of falling Trendline on 4hr and seems to be in a pretty good Spot for the bull run for couple of days Or probably through out this week. Entry : 0.7430 - 0.7440 range Stop Loss : 0.7380 Take Profit : 0.74540
CADCHF Signal. Sell Price:0.75520. Take profit: 0.73100 SL zone: 0.77237
This pair has been on a massive uptrend and we expect it to continue if it breaks and closes above 0.77190 with a good harmonic pattern forming and a good 1:2 R/R ratio. Another scenario for this pair is to reverse in case the price does not break our previous level as a HEAD and SHOULDERS pattern could be forming.
Possible good short situation with head and shoulders.
CADCHF has been on this wave since the swiss federal bank dropped the euro min value. now we are approaching the top of the current swing. look out for that at least 0.79 better 0.8 to enter a sell in CADCHF. i expect the sell to last for about 3 months. ep: 0.801 sl: 0.81 tp: 0.73 aprox 600pips go for a low Multiplyer as it is a long trade to minimise the risk...
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...
Price is moving towards the Daily resistance. However, there's oppurtunity to go short if price can break the minor trendline in H1. Bear in mind, we need the price to make bearish corrective structure first, then wait for breakout for better probability to short. ================================================================================== Daily trend...
David T and I had a discussion over CC and he came up with this one... we susspect that it will go up again after that. to 0.79 Trade with care. I do not take any responsability. Manage your risk.
im not sure but this could happen i do not take any responsibility. trade with care
I just found this W-Pattern. I think there is not a huge drop due to solid Support. Manage your risk. I do not take any responsibility. Have a good Trade.
Looks like we will get that throwback to retest the channels and corresponding level. I will be looking for buys between 0.702-0.705.
One possible flag pattern on this pair with this strong support on higher timeframe. looking for an long position if we gonna break the resistance level
Intro: CADCHF has made a bullish exit from its long term channel, we maintain our bullish bias unless it reintegrates. Buy above 0.7400. Stop loss at 0.7360. Take profit at 0.7493. Reason for the trading strategy (technically): Price has made a bullish exit of our long term descending channel signalling that we’re likely to see a change in momentum from...
Intro: CADCHF has made an exit of its channel signalling a change in momentum, and also providing a great opportunity to buy. Buy above 0.7400. Stop loss at 0.7360. Take profit at 0.7493. Reason for the trading strategy (technically): Price has made a bullish exit of our long term descending channel signalling that we’re likely to see a change in momentum from...
CADCHF has made a bullish exit of its long term descending channel, this is a huge sign for a potential bullish reversal. Our 1st support is at our breakout level of 0.7386 and we can see two major resistance levels at 0.7439 (Fibonacci retracement, horizontal overlap resistance) and 0.7469 (Fibonacci retracement, horizontal overlap resistance). RSI (55) has also...