CADCHF can break the support 🦐CADCHF after the recent highs broke the ascending channel and moved to the support area at 0.73500.
The market bounced for and possibly will retest the previous support before breaking below.
We will be ready to set a nice short order according to Plancton's strategy if the conditions will be satisfied.
-–––
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
Cad-chf
CADCHF, Long, RR 1:5Good morning ladies and gents,
Price has retraced back into a Daily Propulsion Block. On the H4 Chart, price has dropped back in an area we label "Source".
As per our system at AmplaFX, the H1 and M15 rules are fulfilled so we have found a long position available at current market price. Looking to take it up to refill the H4 imbalance for an RR of 1:5.
I anticipate price to trade through and beyond this level challenging old highs.
However, a short term swing position is avaiilable here for a 1:5 RR based trade.
Seasonal tedency indicates CAD strength and CHF weakness which adds further support to this trade idea.
I wish you all good luck and good trading.
CADCHF testing a weekly support 🦐CADCHF after the recent highs broke the ascending channel and moved to the support area at 0.73500.
The market from there can bounce for a retest of the previous support now turned resistance and then break below.
We will be ready to set a nice short order according to Plancton's strategy if the conditions will be satisfied.
-–––
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
CADCHF looking up 🦐CADCHF after the last retracement is back near to the previous highs.
The price soon will test the resistance area and according to Plancton 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
CADCHF facing bullish pressure | 31 Mar 2021Prices are facing bullish pressure from ascending trendline support and horizontal swing low support which is in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push up towards 1st resistance which is in line with 78.6% Fibonacci extension and horizontal swing high resistance. If price pushes down lower, it might take support on 2nd support which is in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement . Ichimoku cloud is also below prices, showing a bullish pressure for prices.
CADCHF facing bullish pressure | 31 Mar 2021Prices are facing bullish pressure from ascending trendline support and horizontal swing low support which is in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards 1st resistance which is in line with 78.6% Fibonacci extension and horizontal swing high resistance. If price pushes down lower, it might take support on 2nd support which is in line with 127.2% Fibonacci extension and 78.6% 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 and horizontal swing low support which is in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards 1st resistance which is in line with 78.6% Fibonacci extension and horizontal swing high resistance. If price pushes down lower, it might take support on 2nd support which is in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
CADCHF looking up 🦐CADCHF after the last retracement is back near to the previous highs.
The price soon will test the resitance area and according to Plancton 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
CADCHF will make new recent highs 🦐CADCHF after the last retracement is back near to the previous highs.
The price soon will test the resitance area and according to Plancton 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
CADCHF at its RESISTANCEHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price is at its Resistance and can fall from here
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
CADCHF: Pullback from Key Level
CADCHF is testing a major weekly structure resistance.
Taking into consideration that the market is quite overbought, chances are high to see a pullback from that.
Your confirmation will be a bearish breakout of a rising parallel channel on 4H.
While the price is within, the market remains sharply bullish.
The breakout will signify a local shift in market sentiment and will push the pair to local structure level.
First goal will be - 0.732
In case of a bullish breakout of the underlined resistance, setup will be invalid.
CADCHF on a retracement move 🦐CADCHF after the strong impulse reached the resistance level below a structure.
According to Plancton's strategy, if the market will break below the support, we can 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
CADCHF DAY BUY trending an uptrend
cadchf day trending an uptrend The price is above ema 200. The price is down to the deman zone .sto rsi indicator is going up.
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Good luck.