CADCHF trying to break below 🦐CADCHF after the break of the ascending dynamic trendline tested a support structure at the 0.69600 area.
The price retraced inside a minor bear flag and according to Plancton's strategy, if the market will break below, 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 will trigger.
Cad-chf
CADCHF: SELLAnother great pair to watch for Bearish opportunities.
If you missed some clear cut SELL entries for CADCHF this month, you can expect to see more Bearish levels going into next month (February).
Here, our analysis show that you could enter a SELL order right now and up to 0.70063 price level. We can expect Bears to Take Profit around 0.690228 . Don't forget to set your SL right around 0.70244 (roughly 18 pips - to be on the conservative side).
CADCHF ANALYSISCADCHF broke major downtrendline
Pair respects minor uptrendline
Pair is based above key level at 0.6960
Price is based above HVN at level 0.6962 which indicates that pair is in accumulation phase
Above SMA 100
MACD shows bullish momentum
RSI is above level 50
It's expected to target resistance level at 0.7080
CADCHF bounce at the 0.5 Fib 🦐CADCHF after the last impulse, retreaced until the 0.5 Fibonacci level creating a double bottom over the support.
The price created a long-range move between the 0.68 and the 0.70 level.
IF the market will break above the structure, according to Plancton's strategy we can 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 Invalidates 0.6979 ResistanceSignposts on chart outline key details. We're seeing an upper resistance invalidate. When price crossed back below, selling pressure remained weak. This will hopefully trap a bunch of sellers before pushing higher.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
💡 Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6945). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.6995
TP2= @ 0.7040
TP3= @ 0.7080
TP4= @ 0.7124
TP5= @ 0.7200
SL= Break below S2
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💡 Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6945). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 0.6995
TP2= @ 0.7040
TP3= @ 0.7080
TP4= @ 0.7124
TP5= @ 0.7200
SL= Break below S2
❤️ 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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CADCHF on a channel break 🦐CADCHF on the 4 chart is moving inside a descending channel.
The price has now approached the upper trendline and moving between 2 structures in a renage.
According to Plancton's strategy, we can set a nice long order if the condition 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 will trigger.
CADCHF - SWING - 28. DECE. 2020Welcome to our weekly trade setup ( CADCHF )!
-
1 HOUR
Bearish price turn..
4 HOUR
Strong closure below main sr level.
DAILY
Overall bearish market structure after a pullback.
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FOREX SWING
SELL CADCHF
ENTRY LEVEL @ 0.69200
SL @ 0.69540
TP @ 0.68730
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
CADCHF on a test of the trendline 🦐On the 4h chart CADCHF is in a long consolidation phase between a weekly resistance and a minor support.
The market which moves ina choppy way has now reached the ascending support trendline.
IF the price will break and close below the structure we can set a nice short order according to Plancton's strategy.
–––––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together
CADCHF: Trend Line Breakout & Bullish Move
CADCHF is taking off from a strong daily/4h horizontal support cluster.
Yellow area matches perfectly with a 4h trend line.
Yesterday the market has broken and closed above the trend line and today we see a retest.
I am bullish biased on the pair and expect growth.
Goals:
0.6973
0.699