Trader Tom, an investing.com technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
Bearish idea, Trend line sugests a downtrend possible M pattern Rejection from a big Resistance zone
Hello traders CADCHF is another trade I'm looking at * Ending structure forming (B wave with 5 waves) * MACD divergence * ORDER BLOCK @ 0.67200 level * Unfilled gaps at the bottom * CHF CPI News on Thursday (04/04/2024) MIGHT BE THE TRIGGER ENTRY: 0.67200 STOP LOSS: 0.67380 TAKE PROFIT: 0.65346
Here is our detailed technical review for CADCHF. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.660. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.656 level soon. P.S Overbought describes a period of...
The bullish Butterfly Pattern is shown in CADCHF, where the Harmonic analysis indicates a bullish trend
CADCHF is in bullish gartley pattern, we will take entry as per market for targets keeping the stop loss at given point.
Entered CAD/CHF on as price tested the high of the Asian session. Fundamentally CAD is stronger the CHF and CADCHF has got battered lately on the daily chart. I expect price to churn around some here in the price area before potentially moving higher on the 4hr daily. This trade will probably be an intraday trade but I will ride it to see where the momentum goes.
Fundamentals & Sentiment CAD: - BOC has been successfully coping with inflation, with the latest Core CPI YoY posting 2%. - The solid economic performance of Canada added urgency to hike rates until the target CPI has been achieved, so keeping rates high is becoming obsolete. There's still a decent potential to price in cuts until the next BOC rate...
Good Day everyone, here is an idea for a Long opportunity! Price has reach EMA and we will expect the price will continue going up. Long now for a good 1 to 2 RR. April -1 JAN (6R) FEB (1R) March (-7)
My dear followers, I analysed this chart on CADCHF and concluded the following: The market is trading on 0.6656 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.6673 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to...
Using Fractals for Entry Points you can set your stop buy on the tallest top arrow to the right. Set your Stop Loss to the next bottom arrow to the left.
Monthly chart we are bearish. wicked off a weekly orderblock/supply zone. Shifts to the downside on both the daily and 4h also bearish on eurchf.
Proper risk management should be your friend cheers
CADCHF in Bullish Trend depicts Bullish Rectangle chart pattern indicating continuation of advancing phase.
I previously posted EURGBP BUY IDEA which got invalidated, i did not wait to see the price action around the area to make the projection hence it stands as nothing how ever with cadchf i have a confirmed signal for a buy risking 33 pips for about 180pips on this
Grab quick pip. W1, D1, H4 downtrend. SL - 0.66711, TP - 0.66369
BUY CADCHF for uptrend continuation STOP LOSS : 0.6614 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward...