Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The price is returning to previous level.
I expect that The Price will fall into our area.
Here is my setup
SL at 0.69800
TP at 0.70750
safe trade, bro..!
'Negeri di atas Awan'
My partner, MoegoTraderBleezy, has been reviewing the status of the pair leading into the weekend and coming into market open. After hearing his analysis and doing a quick glance and mark up myself, I am inclined to agree with him as far as the pair about to breakout to continue the current bullish trend. We both agreed that waiting for the upcoming news to break...
Plan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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NOT MUCH FUNDAMENTAL DATA FOR THIS CROSS - CAD IS A BUY FOR THE WEEK AND SELL FOR THE MONTH, I OBSERVE HOW LONG IT TAKES FOR PRICE TO REACH OR BREAK THE EMA.
IF WE GO WITH PATTERNS, THERE WAS A BULLISH HAMMER IN THE 4H, BUT REJECTED TWICE AT KEY AREAS AND FORMED A DOUBLE TOP. NOW IT LOOKS LIKE WE FORM A DOJI IN THE SECOND DAILY CANDLE.
ENTRY CRITERIA SHOULD BE...
Jun 7
Hey Friends, here my idea to CAD/CHF. 4H-Chart. (In the chart you will find all information)
-> IMPORTANT: Just my opinion no financial advice.<-
Accurate entry for Cadjpy will be at the break 0.7136.. then we can sell to complete the abc or leg w.
let me know what you think about it
Ps. Best thank You is to share with Friends
Price has been making higher highs and higher lows. We are expecting price to pull back to our highlighted area. We'll be looking for buy entries there.
