ASCENDING CHANNEL BREAKOUT IN CADCHF.Hello my fellow traders, hope you all are making some profits. We are here with our new analysis sothat we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair has broken from its ascending channel and is going down, our analysis is that it will fall till the support line.
Let us know your views on this in the comment section. Thank you all.
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Ryan.R..Lopes
Cad-chf
CADCHF Will price breakout of the channel? 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!
Good Luck!!
CAD CHF Is Playing Out Exactly How We ExpectedThis is part 2 in an ongoing analysis on CAD CHF. This support and resistance set up has played out very nicely so far. I decided to keep the line on my chart from the previous analysis so you understand the progression and the narrative.
CADCHF Has finally shown us a temporary low in this massive bearish trend. This is not an easy moment to trade, there can be unexpected volatility, and there is not much historical price action to base your TA on. I am going to keep it simple for now and just share this scenario based on a support and resistance.
A first small rejection of the resistance has already happened, we are now seeing a continuation of a temporary uptrend. Eventually I do expect the price to attempt the resistance again and break through the resistance. Then, after a S/R flip the price can bounce off a newly found support and make a short uptrend.
Overall I believe the price will need to cool down a bit from its massive downtrend and will recover temporarily. This is where you can try to monetize this pair.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
CADCHF Price is in a Parallel channel will it continue? 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!
Good Luck!!!!!!!!!!!
CADCHF LONG TRADECADCHF is forming bullish reversal pattern "inverted head and shoulder" after sharp correction
Price is supported above SMA 100
Price is based above HVN at level 0.6782 which indicates that pair is in accumulation phase
MACD shows bullish momentum
It's expected for coming strong bullish wave to target supply zone near level 0.7250
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6820). 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 58.
Take Profits:
TP1= @ 0.6940
TP2= @ 0.7123
TP3= @ 0.7265
SL= Break below S2
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6820). 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 41.
Take Profits:
TP1= @ 0.6940
TP2= @ 0.7123
TP3= @ 0.7265
SL= Break below S2