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Cad-chf

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. ––––– 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.
Long
by InkyGrip
20
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.
by francesgurton
Don't miss the great buy opportunity in CADCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6885). 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 70. Take Profits: TP1= @ 0.6935 TP2= @ 0.6980 TP3= @ 0.7025 TP4= @ 0.7060 TP5= @ 0.7140 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 ❤️
Long
by ForecastCity
11
Don't miss the great buy opportunity in CADCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6885). 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 70. Take Profits: TP1= @ 0.6935 TP2= @ 0.6980 TP3= @ 0.7025 TP4= @ 0.7060 TP5= @ 0.7140 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 ❤️
Long
by ForecastCity
10
CADCHF - New Buy TradeCADCHF Buy Entry : 0.68755 Stop Loss : 0.68605 Multiple TP options shown below: TP1 : 0.68956 TP2 : 0.69156 TP3 : 0.69556 Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. Still time to enter this buy trade on CADCHF. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Long
by pow_removetheguesswork
CADCHF two sides perspectiveMain items we can see on the chart: a) The price is below a descending trendline b) Currently, the price broke with a bullish movement a descending structure c) We can see a corrective pattern making a throwback on the descending structure d) If the price breaks above the green arrow we will consider a confirmation for the bullish movement towards the descending trendline e) If the price breaks below the red arrow, we will consider a confirmation for the bearish movement towards the next support zone
by ThinkingAntsOk