This has retraced back to resistance as expected, now there is the opportunity to short. If we see this rebound from this resistance and MACD remain below 0 and EMA's do not cross higher then this will drop. Target is 9.02671 where this should find support and bounce higher.
Already short on this but it has retraced back to resistance and is now rejecting from here. More shorts can be entered with SL above the high of support and I have a target of 9.07100. There are a couple of support levels before the target which are shown on the chart, these can be used for short term profit taking and used with a swing trading strategy for lower risk.
Looking for a short on this. The support was broken and it is now retesting as resistance. Waiting for this to reject then can enter the short. Target is 9.32335, there may be some support at 9.40720 which could cause the price to rebound slightly but hopefully it will pass through this. There is also a longer term target at 9.07100.
Good chance to short this from current price. It looks to have broken support and is retesting it, expect to drop from this retest. MACD and EMA's have this still bearish after initial rejection of the breakout. Target is next support at 1.4233
This is at a support level and I am expecting it to rise slightly from here before breaking through. It is too risky to enter before it breaks the support but if it does then a short can be entered on a retest of this level which would then be acting as resistance. Target would be 1.4232
CAD CHF
+ Daily Trendline broken
+ Good Bullish Momentum
+ Fundamental strong CAD
+ Waiting for a Break and Retest Scenario
-
CAD Interest Rate Decision, not the best for SwingTrading, if we hold rates we can see really good momentum to the Upside!
Risk to Reward: 1:2,25
5000€ Account
50€ Risk
125€ Reward
