IS CLEAR GUYS THAT CADCHF FORMED A REVERSE HEAD AND SHOULDERS AND WENT UP BUT IT DIDN'T BROKE THE TRENDLINE NOW I AM WAITING FOR A SELL TP @ 0.73000 ---> 230 PIPS HAVE FUN GUYS !
are we just hit the bottom? or just the begining to the downside journey? we will wait for corrections.. actually macd says: maybe yes..
CADCHF breakout the channel and running higher towards 0.77 descending trendline. Watchout for 0.762 resistence can slam the higher run of the cross. Good idea to move SL to B/E before it reaches 0.762
I'm waiting for a little more confirmation on this one, but since it already broke that important daily trendline now I'd wait for a re-test before buying it until probably... .76500 Any comments?
FX:CADCHF Safe Trades;
CADCHF is heading towards the blue Zone to test the lowest Support Level . This gives us a sell option in the Short term and a long option in the Long run. Please Watch price action carefully before making an entry ( Fundamently CAD is weak so short term sell option is most probable..
1. price touches 1.27 extention 2. RSI in over sold condition
CADCHF WAITING CHANNEL BREAK FOR SHORT
D entry at AB 1.27 extension nicely lining up with XA 78.6 retracement. AB=CD close to D as well, although not perfect.
Recent bullish news on the CHF may push this even higher 21 & 55 ema squeeze! 3hr bullish setup fibonacci emas lining up to squeeze higher.
structure abcd fib retrecemnt 61.8 fib extension 1.414 fib inversion 1.618 ********* wait for ********* RSI oversold double bottom
Bat Pattern, and i think it ill be a great opportunity
Potential bearish cypher , with potential a bearish shark superimposed for extended profit target. We've entered just above bottom of A leg