We sure did see a lot of volatility today, didn't we? Well, here we are now with a new short position in CADCHF, with 2 strong support levels breached in this pair. The next support level has become the target level for take-profit. This level is 0.69050. I don't see this pair making a big move otherwise.
Good Day Watch the breakout and price action setup.
The weekly action is showing bullish momentum. 0.71400 is my target area if price closes bullish today.
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Pair has ranged Two Weeks at Buy Zone; A look at individual Strengths/ Weakness should reveal when pair is ready for move. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, and Support channel for future content. Thank you and happy trading.
Recomended: Confirm Buy levels with Buy-triggers for Long entries-- Or counter-trend on confirmed rejection at key-levels Note that Strong CAD and Weak CHF are confluence for Long-setup; wait for more weakness on CHF considering CAD has been on the gain. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, and Support this...
FX:CADCHF OANDA:CADCHF FOREXCOM:CADCHF
Look for buy setups once the market pullbacks
This bull was on my watchlist from last week..trade safe and be Blessed..
Here is an update on CADCHF. A few weeks ago I published an analysis suggesting a triangle pattern could lead to a sell-off on CADCHF. Since then we've experienced a further contraction in price action, but everything is visible now and still in line with the Elliot Wave principle. One of the guidelines for a Triangle pattern is that wave "e" of the triangle can...
Price broke an ascending channel and has since seem to have formed a falling channel and is testing the resistance line. You can wait for more confirmations and sell if the price doesn't manage to break the line. This idea will be invalidated if the price manages to break the line.
Hi Traders, Expecting the market to go down all the way to the fibo retracement level
Hi traders... I see a good uptrend here that has been respected very well severally. There is a very high likelihood for the trendline continuation and for the price to bounce off. Lets wait and only buy if price bounces. Breaking of the trendline will invalidate the setup. If you like the analysis hit the like to show support.
CADCHF has been in an uptrend and following a trendline. It has managed to break it and has retested. There is high chances that the price may fall down and a good sell opportunity. However, there is a strong support/resistance level at 0.76160. We can sell if the price manages to break the level. Else, price may bounce at this level and continue being...