Cad-chf
CadChf looking at current D1 whipping zone as a R zone...waiting for turn to occur to break 0.742 area to show clearer direction..
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CADCHF testing the trendline 🦐CADCHF is moving in a descending channel over a support area.
According to Plancton's strategy if the market will break below we will set a nice short order.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
💡Don't miss the great sell opportunity in CADCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7465).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 36.
Take Profits:
TP1= @ 0.7415
TP2= @ 0.7395
TP3= @ 0.7378
TP4= @ 0.7355
TP5= @ 0.7310
SL: Break Above R2
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Now, It's your turn!
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ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in CADCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7465).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 36.
Take Profits:
TP1= @ 0.7415
TP2= @ 0.7395
TP3= @ 0.7378
TP4= @ 0.7355
TP5= @ 0.7310
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CADCHF: Important Decision Ahead 🇨🇦🇨🇭
CADCHF is testing a key daily level.
Depending on the reaction of the market to that I see two potential scenarios:
To short with a confirmation, I will wait for a bearish breakout of a rising parallel channel.
Once its support is broken, bearish continuation will be expected to 0.74 level.
To buy with a confirmation, wait for a bullish breakout of a horizontal key level (daily candle close above).
Once the underlined resistance is broken, bullish continuation will be expected to 0.76 level.
Taking into consideration that the market is trading in a long term bullish trend,
I remain bullish biased.
What do you think will happen?
CADCHF looking up 🦐CADCHF on the 4h chart end the retracement and now testing a minor resistance structure.
According to Plancton's strategy if the market will break above we will set a nice long order.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
CADCHF is facing bullish pressure | 12 May 2021Prices are facing bullish pressure from ascending trendline support, horizontal swing low support, 50% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push up towards 78.6% Fibonacci extension and -27.2% Fibonacci retracement fibonacci confluence zone. Prices might push down further and take support from horizontal swing low support, in line with 100% Fibonacci extension and 127.2% Fibonacci retracement . Ichimoku cloud is also below prices, showing a bullish pressure for prices.
CADCHF is facing bullish pressure | 12 May 2021Prices are facing bullish pressure from ascending trendline support, horizontal swing low support, 50% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards 78.6% Fibonacci extension and -27.2% Fibonacci retracement fibonacci confluence zone. Prices might push down further and take support from horizontal swing low support, in line with 100% Fibonacci extension and 127.2% Fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
CADCHF facing bullish pressure, potential for further upside!Prices are facing bullish pressure from ascending trendline support, horizontal swing low support, 50% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards 78.6% Fibonacci extension and -27.2% Fibonacci retracement fibonacci confluence zone. Prices might push down further and take support from horizontal swing low support, in line with 100% Fibonacci extension and 127.2% Fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Trading Recommendation
Weekly Trading Recap: NZDJPY, AUDCAD, GBPCHF May 01 2021Hello everyone:
Welcome back to this week’s trading recap video. Let's take a look at the trades enter this week.
I will explain my approach on the entry, SL, TP and management.
NZDJPY - running about +2%
Full analysis/forecast:
AUDCAD - running about +4%
Full analysis/forecast:
GBPCHF - running about +3.5%
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
CADCHF facing bullish pressure, potential for further upside!Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 78.6% Fibonacci extension and 50% Fibonacci extension. Prices might push up further towards 1st resistance in line with 78.6% Fibonacci extension. If prices fall through 1st support, prices might take support on 2nd support which is in line with 78.6% Fibonacci retracement and 127.2% Fibonacci extension. EMA is also below prices, showing a bearish pressure for prices.