Cad-chf
CAD/CHF LONGHello,
Today I have this idea for you.
In my opinion, this pair it can add some profit today.
On daily time frame, the price tested that area for the fourth time.
Every time the price was rejected.
Also In that area we have an important fibbonaci level so we have some informations to build that trade.
I'm keeping this trade for several days, so I will add an second option for those who just want to close by the final of the day.
Entry it can be made at 0.72500 - 0.72600
After that we have the Stop Loss 0.72400.
TAKE PROFIT for LONG TERM @ 0.73758
TAKE PROFIT for SHORT TERM @ 72890
Thank you for your time.
Have a nice day !
CADCHF - FOREX - 24. FEB. 2020Welcome to our weekly trade setup ( CADCHF )!
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1 HOUR
bearish reaction towards previous support zone
4 HOUR
Great long entries and risk management in this position
DAILY
Looking for another push to the upside.
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FOREX SETUP
BUY CADCHF
ENTRY LEVEL @ 0.73770
SL @ 0.73490
TP @ 0.74350
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
CADCHF: Optimal long term buy opportunity.The pair is on a rebound after hitting the 0.7265 1W Support. The 1D RSI as also bottomed and the 1D chart has turned neutral again (RSI = 43.051, STOCH = 52.103, ADX = 31.122, CCI = -2.6752, Highs/Lows = 0.0000) for the first time since late December.
We are expecting this rebound to be extended past the 1D MA200 and our Target Zone is on the 0.75375 - 0.75550 Symmetrical Resistance Zone.
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CADCHF professional shopping area in H4⬆️ CADCHF professional shopping area in H4
The price comes from completing a channel with a broken trap in the fourth touch of support, an advantage zone in our favor, and there the pair confirms the activation of the purchases, marked by the arrows in the graph that specify the double zone of statistical advantage horizontal and bearish guideline. When a confluence of supports appears, the price costs much more to overcome it, and usually reacts against it, and that is what has been done, all supported by repetitive bullish divergences of macd. We will look for the following search objectives, only if the support it has looking at daily timeframe is respected and is created an accumulation zone with bullish divergence.
$EURAUD cheat sheet for the week #forexI am not interested in longing in direction of wave also , as I am not that it drops first or Pump first. It may drop from here only directly or a retest as I am expecting at 1.63250. If it goes there that will be a fine short Entry to target 90+ Pips with more than 4.5R. Lets see how it goes.
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.7290). 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 46.
Take Profits:
TP1= @ 0.7325
TP2= @ 0.7382
TP3= @ 0.7424
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 (0.7290). 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 46.
Take Profits:
TP1= @ 0.7325
TP2= @ 0.7382
TP3= @ 0.7424
SL= Break below S2