I'm already making profit with this pair...
After the solid breakout of our ascending trendline on CADCHF, we will now be looking to retest it on the 0.618 fib retracement - corresponding well with the previous support zone now acting as resistance.
price made the fake out here and now not looking good price can touch 0.70200 and near of trend line support still waiting for rejection from the upper trend line while retest.
Hello Traders, CADCHF playing was playing as expected. Please put your risk at the entry price or breakeven with a close half position. Cheers and Enjoy everyone, Ochin_FX
The Bat is being formed over the correction trend and that makes me believe this can be the pattern that will make the price return to the impulse trend to the upside. That being said, let's follow the rules: 1. Harmonic Pattern Completion- Waiting; 2. PRZ Hit & Test - Waiting; 3. Candlestick Reversal Sign - Waiting; 4. Candlestick Confirmation Sign - ...
TOP-DOWN analysis exposed a weak CAD on this pair. Wait for retest and SHORT this pair to the next zone. Let me know what you think.
Chart idea on CADCHF H4.....MY IDEA! SHARE YOURS LETS LEARN TOGETHER
Hello Traders, This pair is going to do some reversal? Probably we could see some solid retracement if the price has a successful breakout at the trendline as supports area and tested the buyer off at the zones highlighted as psychology price. Before taking this idea please mind your core principles of your trade confluences with proper risk reward...
We can see a bounce of the fib 50 and it looks to be forming a strong flag pattern. The flag part of the "flag and pole" pattern looks to also be creating a bullish expanding triangle. Breakout season is among us.
Overall short momentum in higher tf.....expecting price to fall from resistance
Hello, here is my analysis for CADCHF . IF YOU NEED MORE UPDATE YOU CAN FOLLOW US. Let me know in the comment section if you guys have any questions. If you like my analysis please hit like. Thanks.
From what I gather we looking mighty Bullish, only resistance would be the .72000 James Bond zone. something not to be played with!!
When we step back and take a broader look at the one hour chart, we can see that we are perfectly inline with a fib based retracement. We could see a little stagnation at current level and then the bullish breakout to the next zone.... either that or this was the trend reversal... maybe based off the weekly technicals. Any ideas??
CADCHF is currently trending within an ascending parallel channel - slowly making its way down to potentially create another LH on the lower ascending trending. Looking to enter longs on 0.618 fib retracement which perfectly corresponds to a crucial S&R area on the lower time frames.