💡Don't miss the great sell opportunity in CADCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.72093).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 0.71859
TP2= @ 0.71687
TP3= @ 0.71479
TP4= @ 0.71284
TP5= @ 0.71020
SL: Break Above R2
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Cad-chf
💡Don't miss the great sell opportunity in CADCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.72093).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 0.71859
TP2= @ 0.71687
TP3= @ 0.71479
TP4= @ 0.71284
TP5= @ 0.71020
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CADCHF is on bearish momentum! | 16th FebPrices are on bearish momentum and abiding to a descending trendline. We see the potential for a dip from our sell entry at 0.72851 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension towards our Take profit at 0.72512 in line with 61.8% Fibonacci retracement. RSI is on bearish momentum and prices are trading below our Ichimoku cloud resistance, further supporting our bearish bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF is potential for bearish dip! | 9th Feb 2022Prices are consolidating in a triangle pattern and at a pivot. We see the potential for a dip from our sell entry at 0.72913 in line with 61.8% Fibonacci retracement towards our Take Profit at 0.72572 in line with 61.8% Fibonacci retracement. RSI is at levels where dips previously occurred and also prices trading below our ichimoku cloud resistance, further supporting our bearish bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF potential for bearish momentum! | 28th Jan 2022Prices are on bearish momentum. With bearish divergence spotted on RSI, we see the potential for a dip from our sell entry at 0.73050 in line with 78.6% Fibonacci extension towards our Take Profit at 0.725 which is an area of Fibonacci confluences. RSI is also close to levels where dips previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF SetupCADCHF is trading in a parrallel bearish channel, making swing lower high and lower lows.
We are expecting bears to drag the price from the resistance zone.
Trade your levels accordingly.
Don't forget to share your valuable feedback in comment section.
Check our other Forex and Crypto Setup on Profile.
CADCHF further bullish continuation! | 19th Jan 2022Prices have recently broken out of our bearish trendline and are on bullish momentum. We see the potential for a bounce from our buy entry at 0.73172 in line with 50% Fibonacci retracement towards our Take profit at 0.74096 which is an are of Fibonacci confluences. Our bullish bias is further supported by prices trading above our ichimoku cloud support and RSI showing bullish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF bullish breakout! | 18th Jan 2022Prices have recently broken out of the daily descending trendline. We see the potential for bullish movement from our buy entry at 0.73029 in line with 23.6% Fibonacci retracement towards our Take profit at 78.6% Fibonacci retracement and 61.8% FIbonacci extension . Our bullish bias is further supported by prices trading above our Ichimoku clouds and also MA 200 & 50 forming a golden cross.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be
CADCHF bullish breakout! | 18th Jan 2022Prices have recently broken out of the daily descending trendline. We see the potential for bullish movement from our buy entry at 0.73029 in line with 23.6% Fibonacci retracement towards our Take profit at 78.6% Fibonacci retracement and 61.8% FIbonacci extension. Our bullish bias is further supported by prices trading above our Ichimoku clouds and also MA 200 & 50 forming a golden cross.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be
CADCHF is testing a resistance 🦐CADCHF after the attempt to break the strong support area is now moving upwards.
The price is testing a resistance area and according to Plancton's strategy IF the market will break and satisfy the ACADEMY rules we will set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
CADCHF bullish continuation | 14th Jan 2022We can expect price to bounce from the pivot level in line with 38.2% Fibonacci retracement and graphical overlap support towards the potential take profit level in line with 127.2% Fibonacci projection and previous swing high. Our bullish bias is further supported by the stochastic indicator where the %K line is at the support level and price is holding above the Ichimoku cloud.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CAD/CHF Update!As you can see, Wyckoff played out perfectly and moved up 270 pips from the test of the schematic which was shown in the post on December 15th! There was loads of opportunities for trades during this move up, because once you know the direction price wants to go, it is easier to find trades following the trend. I am now looking for a bigger correction for price to then move up even more.
Feel free to leave a like and a comment about the idea!