The exchange rate apparently performs wave movement on the MA (100,200) axes. These waves consist of ATR proportional fractal sequences. In the event that this movement persists, you may want to take a short position with a target price of 0.7431.
Hi traders,
Nice and easy setup this. Price is respecting the trend line and bounced in each occasions. Added bonus the price is at a major level where it has reacted almost in each case. I've gone short and marked the tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
This pair is in an overall downtrend and we may see price re-test the zone i have marked with the grey line to potentially break bearish and make new lows.
Entry - grey line
Stop loss - red line
Take profit - green line
Risk exposure - 1%
RR- 1:2
CADCHF showing some bearish potential.
Entry - Grey line
Take profit - Green line
Stop loss - Red line
Risk exposure - 1%
Hit that follow button if you don't already :)
CADCHF H1
1) key fib zone
2) trendline
3) bearish pennant with 1-5 wave inside
Expecting nice sell positions to kick in, taking us down to the -27%, for around 100 pips (provided Oil doesn't push CAD further up)
@PipsOfPersia
t.me
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the...
Morning traders,
After a decent push down this pair has pulled back with a bearish engulf candle which suggests trend continuation. I've therefore gone short on this and marked tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
Trading is a marathon not a sprint - you want to be around for the long term not just a single week.
"The race is not to the swift, nor the battle to the strong" just endure and press on - There is an element of chance in this life but you can alter it by hard-work
ONLY 5% OF TRADERS are actually consistently profitable are you part of them if not yet what are...
Dear traders,
Here we have a nice setup on CADCHF. As you have seen a decent rally in the past week and this pair has reached to a major level of structure and bounced back nicely with a bearish engulfing candle. I have gone short on this and marked the tp and sl for you as well. Wait for it to go up a little bit before entering short.
Let me know your...
I am anticipating a 38.20% 2H retracement before price rallies to the daily 50.00% retracement level for 50 pips (also the third daily trend line touch). If price breaks the daily trend line we can expect a rally to the next resistance zone (0.75550); However, if price rejects the trend line, I expect the continuation of the current downtrend for the next lower...
We can see that price breakout from the bullish channel, then the price move to a flag pattern but sellers pushed price lower again and they make a breakout from the flag either...
Now we can see the price is testing previous support.
We should see down action to 0.74616 - 0.73337 somewhere in this area we should see reversal...
Let's see what is going to...
If we have a look at the daily timeframe chart of CADCHF we can see that resistance level 0.76176 has been rejected twice forming potentially a double top reversal. However, this downward price move is supported against by a strong trendline as shown above. With Tenkan Sen and Kijun Sen showing very little directional...
SHORT POSITION:
Price has already broke and retested the upwards trend channel, resistance
and 0.382 Fib retracement level
Waiting for entries on this pair depending on market open on the {11/02.19}
I will enter straight away but if market gaps up I will wait for a second retest at
the resistance level and 0.382 Fibonacci Retracement Level before going SHORT.
