CADCHF Short - 1:7 RRRNot a bad cadchf short with only a 15 pip stop loss.
Let's see how this one runs.
rejected the 0.786 Fib and created a strong area of resistance.
Cad-chf
10 Pip Stops CADCHFUtilizing small stop losses allows us to use higher lots. Many believe that using small stop losses ruins profitability but this simply isn't the case.
CADCHF ANALYSISCADCHF is below downtrendline
Price is based below key level at 0.6900
Price is based below HVN at level 0.6928 which indicates that pair is in distribution phase
Below SMA 100 on H4 frame
MACD shows bearish momentum
It's expected for the continuation of bearish movement to target first next support level at 0.6735
then finally target demand zone at level 0.6600
CADCHF UPDATE 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!
AUDNZD Update: Profit=659 pip SL=140 pip Reward/Risk > 4.7:1 Trade Setup summary:
Profit targets=659 pip (45 + 72 + 137 + 191 + 214)
Stop Loss =140 pip
Reward/Risk > 4.7 : 1
Current Status:
Total Profit: 309 pip
Closed trade(s): 117 pip Profit
Open trade(s): 192 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 0.6583 based on 'previous Forecast' at 2020.07.15 :
Closed Profit:
TP1 @ 1.0721 touched at 2020.07.27 with 45 pip Profit.
TP2 @ 1.0748 touched at 2020.07.28 with 72 pip Profit.
45+ 72 = 117
Open Profit:
Profit for one trade is 1.0740(current price) - 1.0676(open price) = 64 pip
3 trade(s) still open, therefore total profit for open trade(s) is 64 x 3 = 192 pip
Break Even 1.0676
Technical analysis:
. AUDNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 66.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested UpTrend again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 1.0721
TP2= @ 1.0748
TP3= @ 1.0813
TP4= @ 1.0867
TP5= @ 1.0890
SL= Break below S1
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Don't miss the great Sell opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested resistance line (0.6888). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Take Profits:
TP1= @ 0.6846
TP2= @ 0.6810
TP3= @ 0.6770
TP4= @ 0.6740
TP5= @ 0.6610
SL= Break below R2
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Don't miss the great Sell opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested resistance line (0.6888). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Take Profits:
TP1= @ 0.6846
TP2= @ 0.6810
TP3= @ 0.6770
TP4= @ 0.6740
TP5= @ 0.6610
SL= Break below R2
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BOUNCE BACKwe expect good bullish term by one of the strong support to the POC as resistance level
as shown on the chart
CAD/CHF 7/15/2020Welcome to this analysis on CAD/CHF.
Last night we took a short trade on this pair that got stopped out. price came back to the resistance after breaking down from the descending triangle, got rejected from it but then it regained the resistance and squeezed up.
Considering the massive bullish divergence on the momentum indicators
and the powerful squeeze that happened from the bottom, it seems like the descending triangle has morphed into a falling wedge now which is a bullish pattern. The target of the pattern is around 0.7076 as long as it holds above the diagonal support of the pattern. There is a resistant zone right around the target area as well (the red box around 0.7058) which comes from the lows of the topping pattern back in June.
This trade idea has 3 rewards to risk ratio.
Good luck trading. :)
CADCHF LONGCadchf has been serving me pips these last weeks :)
This hidden bullish setup forming on the 4H as well as a hourly divergence, presents a good entry for a long position. This following a significant pullback after we experienced a breakout of a 4H trendline upwards after the CAD rate release last week.
CADCHF: Channel Down on 4H.CADCHF is trading within a Channel Down on the 4H chart (RSI = 41.228, MACD = 0.000, ADX = 32.417) after a strong rejection on its last Lower High on the MA200. The RSI is approaching the Support Zone so we expect a rebound soon. Our short-term target is 0.69500.
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Don't miss the great buy opportunity in CADCHF Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6960). 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 71.
Take Profits:
TP1= @ 0.7030
TP2= @ 0.7060
TP3= @ 0.7130
TP4= @ 0.7190
TP5= @ 0.7230
SL= Break below S2
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Don't miss the great buy opportunity in CADCHF Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6960). 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 71.
Take Profits:
TP1= @ 0.7030
TP2= @ 0.7060
TP3= @ 0.7130
TP4= @ 0.7190
TP5= @ 0.7230
SL= Break below S2
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CADCHF Price has stalled out on R2 for now will it run back? 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/CHF 7/15/2020Welcome to this analysis on CAD/CHF.
Canadian Dollar has been one of the weakest pairs of the Forex market recently.
Looking at the chart, it made a topping Head And Shoulders pattern at the beginning of June that got confirmed by a break of 0.7 and had a massive drop to 0.69. Since then it has been consolidating for over a month.
Looking at the consolidation it looks like a Descending Triangle that is usually a bearish pattern and in this case, it should act as a continuation pattern to the downside. The pattern just got activated by a break below 0.691. The target of the pattern is around 0.68 as long as the price is trading below the breakdown point of the pattern.
The first support area below the current price is the red box around 0.688 and below that the April lows around 0.68.
This trade idea has 3.5 rewards to risk ratio.
Good luck trading :)
CAD/CHF - Nice clear break...which way will it go!Make sure it isn't a fake break out. Check other indicators that will match your plan process. If you need more help regarding learning how to trade or any further enquiring my trading strategy. Comment and like down below! All the best.
Key Tip: Longer time frame indicate shorter time frame movement.
This is just trade idea, we will not be held responsible for your trade executions.
CADCHF: Break lower - wait for the retestsGood Morning,
A very bearish morning for CAD/CHF as price has fallen from the descending trendline and seems to have broken the key level of support, I will be waiting for a retest of the support now turned resistance before looking for a short entry.
My view of what could happen is laid out on the chart as simply as possible.
Let me know what you think!
CADCHF Price has bounced off support whats next? 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!
Don't miss the great buy opportunity in CADCHF Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.69315). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 59.
Take Profits:
TP1= @ 0.69857
TP2= @ 0.70340
TP3= @ 0.70595
TP4= @ 0.71330
TP5= @ 0.71884
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 (0.69315). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 59.
Take Profits:
TP1= @ 0.69857
TP2= @ 0.70340
TP3= @ 0.70595
TP4= @ 0.71330
TP5= @ 0.71884
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,
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💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
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Trade well, ❤️
ForecastCity English Support Team ❤️
CADCHF Price has respected support in out bullish zone! 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!
