CADCHF ANALYSISCADCHF is in downtrend after breaking up-channel pattern
Strong bearish wave (a) ended at level 0.6860
then corrective bullish wave (b) rejected with strong bearish movement at level 0.6948
Price is based below resistance level at 0.6918
Based below HVN at level 0.6905 which indicates that pair is in distribution phase
Below SMA 100
MACD shows bearish momentum
RSI is below level 50
It's expected forming bearish wave (c) to target support level at 0.6815
Cad-chf
CADCHF - SWING - 28. SEPT. 2020Welcome to our weekly trade setup ( CADCHF )!
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1 HOUR
Very bearish price action and pressure..
4 HOUR
Prices looking for more downside movements..
DAILY
Overall bearish market, good entry levels!
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FOREX SWING
SELL CADCHF
ENTRY LEVEL @ 0.69150
SL @ 0.69440
TP @ 0.68700
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
CADCHFCADCHF is displaying an ascending channel since September 21st. We can see price ranging upward between these two support and resistance channel lines.
Currently, the price is at the 200 EMA. There is a single 4H bullish candle forming at the 200 EMA which is s slight sign of bullish rejection here. This suggests that we could see price reject at the 200 EMA and the support line to move upward toward the resistance long. Following more confirmation by a bullish 4H candle, I would be taking a long position.
However, the 4h bullish candle could be a false signal. Sometimes, the price can break through the support level and the 200 EMA to become bearish. Should the price break below both the support level and the 200 EMA, I would take a short position on this pair.
Until then, we wait for confirmation of either a bullish move or a bearish breakout.
Don't miss the great buy opportunity in CADCHFTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.6925).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 0.6945
TP2= @ 0.6962
TP3= @ 0.6989
TP4= @ 0.7001
TP5= @ 0.7032
SL= Break below S3
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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 (0.6925).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 0.6945
TP2= @ 0.6962
TP3= @ 0.6989
TP4= @ 0.7001
TP5= @ 0.7032
SL= Break below S3
❤️ 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 you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CADCHF BearishAfter forming a beautiful M and dropping price has been in range for days 9 in all. 9.5 depending on the kind of trader you are.
So currently as I see it price is on Level 1, at the very top of level 1. Price can drop from here or continue upward to retest the breakout again. That would suck since I've entered 2 small positions. I will set limit orders for higher up in case of movement while I'm not in front of the chart.
My timing may be off, but this is most def one to watch. Lets see if price falls from here!
CADCHF bounce at the 0.5 Fib 🦐CADCHF on the daily chart broke the uptrending channel and now found support over a structure at the 0.5 fib level retracement of the previous leg.
The price on the 4h chart is ranging between the support structure and a minor one around the 0.69 area.
IF the market will break and close above the resistance we can set a nice long order according to Plancton's strategy.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
CADCHF ANALYSISPair broke uptrendline
Price is based below resistance level at 0.6914
Price is based below HVN at level 0.6905 which indicates that pair is in distribution phase
Below SMA 100
We r waiting price to break support level (1) at 0.6884 to open short trade
It's expected for coming bearish movement to target first support level (2) at 0.6815
then finally target demand zone at level 0.6747
CADCHF Price has come back down and hit the weekly pivot! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
CAD/CHFCAD/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 resistance zone (1) which has acted as a new level of support as we see the price reject this zone and moving upward to the resistance line of the channel (4).
What Now? with price in a zone where price has reached in previous highs and reverted down (marked by the purple bar), the price could either reject the resistance line of the channel again of we could see price break through this resistance zone.
I will be watching this pair when the market opens later tonight and will be looking for confirmation of a breakout or confirmation or rejection. I believe this pair could go either way.