Hello everyone, A good opportunity has been detected on the CAD/CHF pair. After strong upward movement on the CAD/CHF, the price is currently correcting to the downside. We are expecting the price to reach approximately the 0.6940 price level, where we have 2 Fibonacci retracement levels, the lower bound of the Bollinger Bands, as well as the upcoming 100...
hey traders, lucky are those who were trading the market opening today. it was just a brilliant short opportunity on CADCHF pair. the price has respected the daily horizontal structure resistance and a resistance line of a major channel, formed dodji on 4H and now going down. now bearish continuation to the support of the channel will be highly probable.
As it could be seen, the pair has failed twice ahead of the psychological level 0.7000. This implies the tendency of the pair to decline. If this idea was useful for you please support us with your comments and likes. Thanks.
price currently at the resistance of this ascending channel here. We could see some bears stepping innow to push price lower and continue the channel.Waiting on a clear rejection of the resistance before going short
T:4 PE: hasta nivel 0,5 de Fibo. A favor de la tendencia alcista.
Channel resistance may return price to the previous channel support level.
📉SELL CADCHF @0.69700 🔴SL @0.69900 🟢TP @0.69400
CADCHF MAY FALL
- When price breaks a strong resistance level and pulls back there is always a very good chance that there are a lot of pending buy orders sitting at the zone. - Possible bullish price movement towards the resistance 0.70260, 0.70800 within the next period.
CAD/CHF price has been in an ascending channel for a few weeks. We can see the resistance zone level (1) @ 0.6921 where price has touched at this level, retraced back to the support line of the channel before reaching resistance again, and breaking through to the resistance line of the channel pattern (2). Price then rejected at this line and reverted back to the...