Triangle Pattern Could Send CADCHF LowerCADCHF and EURCAD are negatively correlated; that is, if EURCAD is trading higher, then most of the time CADCHF will be trading lower.
I've been tracking a triangle pattern on EURCAD, but when a colleague sent me his view on CADCHF, I could easily spot an almost completed triangle pattern as well.
This further confirms that the triangle on EURCAD and the related pattern could send CADCHF lower in wave C.
See related ideas links for EURCAD analysis.
Cadchfanalysis
CADCHF Created A Head & Shoulders At The Down TL With A TL BreakCADCHF Bigger Picture on The Higher Time Frame Is In Between A Consolidation Wedge,
The Market Recently Came To Top of The Wedge And Got Rejected Forming A Head & Shoulders Pattern,
This Is The 4th Time The Market Gets Rejected Off of This Trend Line,
The Market Now Already Broke The Small Up Trend Line Putting The CAD Swiss In The Sell Zone.
CADCHF Next Market Move is Ready.In the name of Allah, the Most Gracious, the Most Merciful".
CADCHF In 1Hrs Time Frame Looks Bearish Because in 4 Hrs It has Broken its Last Support level which current making resistance level.
News : BOC Rate Statement, Overnight Rate At 8:30 pm Indian Time
Market Trend: In 1 Day Time Frame its Looks more bearish.
Risk is 14 pips Reward is 43 pips.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
CADCHF Analysis: Price may go downPrice broke an ascending channel and has since seem to have formed a falling channel and is testing the resistance line.
You can wait for more confirmations and sell if the price doesn't manage to break the line.
This idea will be invalidated if the price manages to break the line.
CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.74530 where it could potentially react off and up to 1st resistance at 0.74983.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.75335 where it could potentially react off and up to 1st resistance at 0.74753.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF Analysis: Price bounced from trendlineHi traders,
I have spotted two rising trendlines in which this pair has been following and has bounced once again respecting each.
As a result, I see a high likelihood of the price rising further towards the next resistance.
Share your views on this pair in the comment section. If you agree with this analysis kindly hit the like button to show your support.
CADCHF Analysis: Price following an uptrend trendlineHi traders... I see a good uptrend here that has been respected very well severally. There is a very high likelihood for the trendline continuation and for the price to bounce off. Lets wait and only buy if price bounces. Breaking of the trendline will invalidate the setup.
If you like the analysis hit the like to show support.