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Cadchfanalysis

CADCHF BUY with X2 Confluences By looking at the chart, we can see the pair has been moving in a bearish direction for several day. We are starting to see sign that we might have a reversal on our hands. We see a breakout of our key level which also signals a change in market structure from bearish to bullish. If we look around the low of June we can see a inverse head and shoulder pattern has formed together with the breakout of the neckline area. This could also pass a triple bottom pattern formation at the low of the previous month. List of confluences: 1: Head and shoulders 2: Triple bottom The risk reward for this trade currently stands at 1 to 6.7 with our target around the high of June. The entry is at the test of the key level as indicated by the arrows on the chart. Never risk more that 2% of you account on any single trade.
Long
by NDOBObanks
Jamie Gun2Head Trades: Selling CADCHFTrade Idea : Selling CADCHF Reasoning: Looking for resistance to hold up again after period of consolidation Entry Level: 0.7452 Take Profit Level: 0.7357 Stop Loss: 0.7480 Risk/Reward: 4.33 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading . The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
CADCHF looks good for a sell!CADCHF created a resistance at around 0.78000. The pair had a rejection at around the same level in May 2022 and price fell significantly. This time we also see the pair doing the same, we just witnessed a strong rejection at the same level. I expect price to continue declining with short term target at 0.760. For best sell entry, I will wait for the current correction to be completed and if I see a break below the correction I will consider going short on the pair. If you enjoy reading my ideas please be kind to leave a like.
Short
by Forexintelligence_NA
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