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CAD (Canadian Dollar)

CADCHF IS ON DAILY SUPPORT. WILL WE SEE A REVERSAL HERE?Check out the trade plan for CADCHF today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you! CADCHF has revisited the daily support once again. Here I am watching closely the lower timeframes to identify the next possible direction in which this pair can contribute. Expected targets for each breakout and reversal have been pinned on the chart for reference.
Long
by traderchamp_
CADCHF 1 year Support + Channel Down bottomThe CADCHF pair hit for the second time in 7 days the 1 year Support Zone that has been holding since the August 20 2021 Low. This Zone has provided three rebounds in total. At the same time the price is near the bottom of the Channel Down pattern that started after the June 09 High and its 1D RSI is on a similar bullish divergence such as the previous Lower Low on June 24. The common parameter on all the above rebounds is that they hit at least the 1D MA50 (blue trend-line). That is our target on the short-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot