Cad-chf
CADCHF - SWING - 05. MAY. 2019WELCOME TO DACAPITAL-TRADING!
CADCHF FOREX BREAKDOWN 05 MAY 2019
1 HOUR
Bearish open towards previous weekly support level.
4 HOUR
Expecting a reaction to the upside from this support level!
DAILY
Overall Bullish moving market with a few small pullbacks and good long entrys now.
SWING SETUP
BUY CADCHF
ENTRY @ 1.75480
SL @ 1.75160
TP @ 1.76150
RR: 2.00
(Use normal Risk!)
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
CADCHF: Bullish break-out. Targeting the 1D Resistance.The pair just broke the 0.75480 - 0.75570 4H Resistance Zone, which is a technical confirmation of a bullish extension. The obvious target is the 0.76200 1D Resistance. Since 4H is trading within a Channel Up (RSI = 68.638, MACD = 0.001, Highs/Lows = 0.0031), if the Higher High doesn't break, we may pull back towards 0.75300 before testing 0.76200.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
LONG CADCHF Approaching Support, Prepare For A Bouncer ago
CADCHF is approaching its support at 0.7464 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 0.7514 (50% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
is approaching its support where we expect to see a bounce.
CADCHF Approaching Support, Prepare For A Bounce
CADCHF is approaching its support at 0.7464 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7514 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
is approaching its support where we expect to see a bounce.
CADCHF SELL ON H4 & D1Trend continuation
Channel down.
Head and Shoulder formed and neckline broken and retested on h4.
We wait for gap and rally to catch the best entry and R/R
Goodluck!
This is a swing setup and might take a week or two to complete.
contact me to join our free channel or anything you need.
CADCHF TO COMPLETE A DOUBLE ZIGZAG CORRECTIVE PATTERNHi Traders,
The CADCHF has just completed a zigzag correction which retested a swing level that lined up with 50.0 Fib ratio and descending trendline.
.
The correction which is most likely wave (b) of Y of double zigzag pattern signals the continuation of the downtrend in the wave (c) of Y.
.
Considering that traditional technical analysis agrees with Elliot Wave analysis we now have solid evidence to go short on this pair.
.
The target for this setup is the support 0.73333 that's between 61.8 and 100% FE of wave (a) of Y.
.
Best of luck on the chart!
Veejahbee.