Cadchfidea
CADCHF buy...Guys CADCHF to touch demand zone keep watch and take profit...
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CADCHFThis pair has been on a massive uptrend and we expect it to continue if it breaks and closes above 0.77190 with a good harmonic pattern forming and a good 1:2 R/R ratio.
Another scenario for this pair is to reverse in case the price does not break our previous level as a HEAD and SHOULDERS pattern could be forming.
Big longterm Sell on CADCHF comming up!CADCHF has been on this wave since the swiss federal bank dropped the euro min value.
now we are approaching the top of the current swing. look out for that at least 0.79 better 0.8 to enter a sell in CADCHF.
i expect the sell to last for about 3 months.
ep: 0.801
sl: 0.81
tp: 0.73
aprox 600pips
go for a low Multiplyer as it is a long trade to minimise the risk of hitting your sl.
i do not take any reponsability
trade with care
if you have any question or Things i could do better hit me up!
CADCHF testing major support, prepare for a potential bounce!
CADCHF is testing major support at 0.7716 (Fibonacci retracement, horizontal overlap support, bullish price action, bullish divergence) and a strong bounce could occur at this level to push prices all the way up to major resistance at 0.7851 (Fibonacci extension, horizontal swing high resistance).
Stochastic (55,5,3) is seeing major support above 6.4% where a corresponding bounce could occur. We are also seeing bullish divergence vs price signalling that a bounce could be impending.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF dropping nicely, potential for further drop!CADCHF has broken major support-turned-resistance level at 0.7809 (Fibonacci retracement, horizontal overlap resistance) and remains below our Ichimoku cloud signalling that there is bearish momentum. Our next resistance is at 0.7830 which is above our 61.8% Fibonacci retracement and also at a swing high resistance. Price could potentially drop all the way to major support at 0.7714 (Fibonacci retracement, horizontal overlap support).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF counter trend setupPrice is moving towards the Daily resistance. However, there's oppurtunity to go short if price can break the minor trendline in H1. Bear in mind, we need the price to make bearish corrective structure first, then wait for breakout for better probability to short.
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Daily trend adalah sedang menuju ke resistance Daily. Jika price berjaya naik dahulu dan kemudian break minor trendline , peluang untuk Sell boleh di ambil.