CADCHF Daily Time frame Channel PatternCADCHF in Daily Time frame Following Channel Pattern
We can also see there Uptrend line which has broken
Channel patterns. Channel patterns are types of sedimentary deposits formed by streams and rivers. Collectively, they are called fluvial deposits. Their shape and sediment characteristics are easily identified and enormously complex.
Sale: 0.75512
Target : 0.75102
Target : 0.74814
Target : 0.74339
Target : 0.73965
Target : 0.73533
Stop loss: 0.76355
Note: This is only for Educational Purpose this is not Investment advice.
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Adil Khan
Cadchfidea
CADCHF Breakout Alert!!The formation of Ascending triangle pattern in 4 hourly charts is likely to breakout upwards with high volume.
Stochastic RSI, RSI, and MAcd are showing buying pressure.
Targets are drawn along with the main support.
If the breakout is upwards, easily 30-40 Pips profit in the short term.
NOTE- DYOR before investment, this chart is for educational purpose only
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CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.74833 where it could potentially react off and up to 1st resistance at 0.75377.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Is it time for CADCHF to bull?Hello guys, Currently We keeping eyes on CADCHF
since it hit major key support (0.73541 price level).
Price has gone on to break minor area of structure
with some sort of fast bullish mommentum.
What we looking out of this pair is a retracement
to our first Price reversal zone(PRZ) being the 38.2 fib
level together with some candlestick patterns in order
take some trades on this Pair
POTENTIAL LONG ON CADCHF Price is currently at the 50% Fib level of that bullish impulse so there is a potential extended bullish move to complete 100% of the retracement. Bullish divergence is evident.
SL has been marked.
TP has been marked .
Risk exposure - 1%
Risk to Reward - 1:2
Happy Trading ..