we are looking to go short on this pair .. currently at strong resistance and also forming a double top formation.. we look for price to drop to 0.75xxx zone and start to consolidate in this area before dropping to 0.73xxx zone
Hi guys, pair has broken downtrend. wait for corrective flag and than buy for up move to potential bat pattern. overall CADCHF has broken daily downtrend is now good for some move up. targets on chart. watch for price action to determine entry. trade with care.
Cadchf trading around 0.7600 where above 0.77 Strong Selling pressure we can see as many times in months its push up above 0.77 but could not hold above for now if hold below 0.7750 level we can see it toward 0.72-0.74 level Advice to sell in range of 0.76-0.7680 sl above 0.7770 TP1 0.74 tp2 0.73
We will buy or sell ? let's wait and see which of our orders will be triggered
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". So I've had a pretty crappy week of trading. Lost my focus last week after leaving money on the table on a trade and messed up my...
CADCHF hitting its third tap on the daily chart. If it does not break through the next couple of days. It will then be a good short position. With a expected wave pattern on the way down. Waiting for volume to pick up on the way down.
Cadchf Trend is bulish but now retrace is must Ist :Strong Resistance 2nd:Pin bar
We have a classic reversal pattern of a pin bar rejection of a key level
Hi Guys, Here we have a perfect Elliott Motive Wave in which we founf a Fifth Wave Extension, considered as an Ending Diagonal. The extension is broken and has formed a flag, so time to sell!! Carlos
1° Order: Entry: 0.76022 SL: 0.80011 TP: 0.69845 2° Order: Entry: 0.7829 SL: 0.80836 TP: 0.69845
In this moment CADCHF is making a flag, so this could be a good signal to sell after the price breaks the flag down, besides we have a huge divergence between the price and the MACD. Apply your own strategy for breakouts.
Looking to short from previous strong resistance and 38.2% from recent strong downward move
CADCHF is channeling for almost a year now, and getting closer to that major yearly TL that's holding since 2012. For now we have two indecision candles, much wicks on the top. If we go by the book, then all rules says short here as a trend continuation. Like if you agree, follow and support please!
FX:CADCHF 1. Daily trend line resistance reached. 2. Aroon, MACD, RSI forecasts is so bearish to me. 3. Swiss economic reports coming this week. Goodluck!