CADCHFCADCHF. Update. Caught this swing lower on CADCHF. Took profit cause the CAD news is coming. But price moved exactly as I forecasted.
See below.
Cad-chf
CADCHFCADCHF weekly forecast. Price formed H&S and broke major trend line. Price is now retesting neckline, looking for sells.
CAD/CHF analysisIn daily chart we have a break of Raising Wedge, and also a formation of Head and Shoulders.
Next thing is to retest a litte bit high and then make the jump back down to the target 0.74000.
cad chf looking to shorti see supply in the marked area and look for a short here ..we have slightly engulfed the base of the last upward push giving us a sign that market i likely to go lower soon
we have also qm structure but due to the upper supply level i see i expect price to break the qm entry level to the upside before going lower
CADCHF buy signal op [50pips]
ENTRY: 0.74750+-
TP1: 0.75000
TP2: 0.75200
SL: 0.74500
Chart time frame - 4h
Time for reaching TP - 1-3D
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Don't miss the great sell opportunity in CADCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7488). 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.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. The RSI is at 35.
Take Profits:
TP1= @ 0.74300
TP2= @ 0.73800
TP3= @ 0.72700
SL: Break Above R2
Don't miss the great sell opportunity in CADCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7488). 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.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. The RSI is at 35.
Take Profits:
TP1= @ 0.74300
TP2= @ 0.73800
TP3= @ 0.72700
SL: Break Above R2
CADCHF buy signal op [50pips]
ENTRY: 0.75250+-
TP1: 0.75500
TP2: 0.75600
SL: 0.75000
Chart time frame: 4H
Time for reaching TP: 8-48h
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All best!
CADCHF sell signal op [50pips]
ENTRY: 0.75450+-
TP1: 0.75200
TP2: 0.75000
SL: 0.75750
Chart time frame - 4h
Time for reaching TP - 3 - 48h
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Short CADCHFCash sell on rally in CADCHF as it is forming a Head and Shoulder pattern in the 4 hours chart. The pair remains bearish after hitting a tip of the right shoulder at 0.7570. It is likely to continue the southward journey towards the support of the pattern at 0.7480 level.
Trade Information:
Sell : 0.7532
SL : 0.7570
TP : 0.7480
Risk Reward: 1.23
CADCHF sell signal op [50pips]
ENTRY: 0.75250
TP1: 0.75000
TP2: 0.74800
SL: 0.75600
Chart time frame - 4h
Time for reaching TP - 3 - 48h
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Breakout Trend line and pullback on CADCHFYou see big breakout of the trend line and beautiful pullback to the line. SELL signal on 35 pips here. After recognizing Harmonic pattern on the trend line, was breakout and pullback on 0,50 Fibonacci retracement line. Go for it!!
TP: 0,75000
SL: 0,75600
CADCHF - SHORT POSSIBILITYPRICE JUST HIT A STRONG RESISTENCE ZONE + TRENDLINE = POSSIBILITY TO SELL TO THE SECOND SUPPORT
CADCHF buy signal op [50pips]My idea CADCHF before this one
ENTRY: 0.75000+-
TP1: 0.75300
TP2: 0.75500
SL: 0.74700
Chart time frame - 4h
Time for reaching TP - 3 - 48h
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All best!
CADCHF - LONG POSSIBILITYPRICE BROKE THE RESISTENCE BACK AND RETESTING IT, BUY TO THE NEXT RESISTENCE
