Cadchflong
CADCHF long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CADCHF H4 LONG PRICE ACTION FORECASTPrice action continues to be trading with a rising channel spotted in D1. Then, in H4, an expected pullback to the trendline in confluence with Fibonacci level 61.8 for a long entry will be placed. The diminished bullish momentum in MACD could support this pullback.
A buy-limit entry for a bounce strategy from the trendline+Fib level, give enough room for the following setup:
S/L: 47 pips - R:R | 1:4 - T/P aiming to the next resistance level.
SHIFT IN MOMENTUM ON CADCHF : BEARISH Hi Guys,
Happy Friday! We are evidently bearish on CADCHF so longs have been closed at -46pips. I'll be looking for price to retrace at least to our entry point before potentially advancing lower.
A major attribute you ought to adopt is the ability to trade what you see and not what you think. The market will speak clearly only if you are willing to listen.
Do not risk more than 2%
CADCHF LONG PossibilityCAD been moving pretty bullish hence causing fluctuations as well.
Now respected support zone and rejected as well.
I am hoping a LONG entry from here..
Might retrace a bit but that's still Market..
Proper bearish channel can be seen but can expect a LONG entry for short term...
Will the CADCHF continue upward?Hello Traders,
The CADCHF pair may continue its move upwards following the current pull-back. The pair has reached a moderate level of support. There is also Hidden Bullish Divergence forming on the 4H price chart/MACD Platinum possibly signaling the end of the current pull-back. This trend continuation becomes invalid if the price chart drops below the previous low of .6920
If you liked my analysis, please give me a follow.
*The above is not trading advice but simply my analysis of the market*
CADCHF approaching support, potential bounce | 21 May 2020Price is approaching our first support in line with our 161.8% and 127.2% fibonacci extension as well as 78.6% fibonacci retracement where we might see a bounce above this level to our resistance level . Stochastic is approaching our support level as well. We have also posted the video analysis version linked below, do check that out as well and let us know what you would like to see next!
CADCHF approaching support, potential bounce | 21 May 2020Price is approaching our first support in line with our 161.8% and 127.2% fibonacci extension as well as 78.6% fibonacci retracement where we might see a bounce above this level to our resistance level. Stochastic is approaching our support level as well. We have also posted the written version linked below, do check that out as well and let us know what you would like to see next!
FURTHER BULLISH MOMENTUM ON CADCHF I previously marked up this pair stating bearish potential However, price did not meet our entry criteria instead it rallied bullish. Price is currently showing signs of further bullish movement. Before price advances higher, it has potential to retrace to our marked entry point before extending.
Entry, stop loss and take profit levels have been marked. Should price move to TP1 , you should be scale out majority of your position and move the running position's stop loss in profit.
Do not risk more than 2% on this trade.
CADCHF long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
FURTHER SELLING POTENTIAL ON CADCHF Hi Guys, hope you all had a great weekend and are well in your health.
I am looking at FX:CADCHF for a potential further push down bearish. Before price moves bearish, we may see price retrace creating a great opportunity for entry. Entry, stop loss and take profit levels have been marked.
Between take profit levels 1 and 2 , you would be looking to scale out majority of your position at level 1, move your stop loss of the remaining position into profit and let it run risk free.
Do not risk more than 2% on this trade.