Price is forming a really strong potential reversal signal at 0.7876 (76.4% Fibonacci retracement, bearish bat formation, horizontal swing high resistance, bearish divergence) and a strong reversal could occur at this level to potentially drive price down to 0.7810 before 0.7738 (61.8% Fibonacci retracement, horizontal swing low support). Our next major level of...
Sell below 0.7879. Stop loss at 0.7965. Take profit at 0.7732. Reason for the trading strategy (technically): Price has formed a bearish bat formation and also sees strong resistance at 0.7879 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and we expect to see a strong reaction off this level to push price down to at least 0.7732...
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!)
Looks like a simple and clean setup. Expecting some bullish momentum. Broke out of a large consolidating zone.
Everything in the chart Best of luck
CAD/CHF 1H Chart: Channel Up The Canadian Dollar is trading against the Swiss Franc in a two week long ascending channel. Up until Tuesday the currency pair moved relatively smoothly within the figure. However, then it suddenly failed to break through a combination of the weekly and monthly PP, which were supported by the 55- and 100-hour SMAs. As...
Hey guys! Simple idea, look for a test to the trendline and fast reversal with a flag to buy will be our final confirmations for the trade (only those confirmations, nothing else!) - Hey chicos! Idea simple, buscamos un testeo en la tendencia y una reversión fuerte con bandera de compra para nuestra confirmación final (sólo si hace esos movimientos concretos,...
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...
Brief overview: Looking at the CADCHF over multiple timeframes, I believe there is an opportunity to short this pair. After the recent rally on the 4H chart, we can see price was met with a strong resistance and dropped back down to a recent support level. We have downward momentum on multiple timeframes and I'm waiting for confirmation before activating this...
Hello Traders, Price is forming trend reversal pattern and strong divergence on macd, look to sell as much high as you can. Good luck! Cheers, Jonas
Hi Guys, I put my plenty of time understanding this structure, If my analysis is good down move is about to end and it will break that narrow wedge to upside and make a correction for further down. I will keep track of this as it progress. So LET it go little more down until it breaks out of structure to upside
Currenty CadChf is pushing against the upper range and 14 EMA. By the current looks it might break at market close so watch the price carefully and enter a buy if it closes around the price displayed on the chart or higher. Stop loss at 0,7200. Take Profit at 0.7380