Cadchflong
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.
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CADCHF Price analysis towards the buying area.CADCHF is showing bullish market and not overbought it will continue move towards the level of 0.7348 on next trading session.
Analysis - Stoch is showing market is bullish and not overbought./RSI is in no trading zone at the point of 59 which is very risky to trade and market if CADCHF pair is moving toward the next higher resistance at the level of 0.7348.
Divergence appears and buying opportunity with CADCHFH4 time frame.
Structure: Uptrend.
Currently appearing a double bottom reversal pattern at 0.73200 and divergence signal from MACD.
Key level is clear at 0.74200. Wait for the price to increase sharply, break the key level and have a retest signal, then you can find buying opportunities.
The profit target is the 0.75600 price zone.
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Wish you all have a good trading day!
Wait for confirmation and buying opportunity with CADCHFH4 time frame.
Structure: Uptrend.
The downtrend showed a divergence signal and the price broke through Key level 0.73800.
Here, waiting for a confirmation retest signal and a bullish pattern to appear, a buying opportunity can be found.
Profit target is 0.75000 price zone.
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Wish you all have a good trading day!