Cadchflong
CADCHF HIDDEN BULLISH DIVERGENCECADCHF is putting in higher highs and higher lows on the 4 hourly chart. MACD is creating new lows while price is currently at a higher low giving us the divergence. using this we can look for bullish entries using your preferred method of entry with a stoploss under the previous price / divergence low.
Take profit can be set to a gap close or the recent range high.
risk for all trades is 2.00% maximum
this particular trade yields a 1:5 risk reward
CADCHF long trade ideaPlan : resistance level breakout --> wait for the price to bounce off from 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
CADCHF LONG! 4HR Pair has ranged Two Weeks at Buy Zone;
A look at individual Strengths/ Weakness should reveal when pair is ready for move.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Follow, and Support channel for future content.
Thank you and happy trading.
CADCHF long trade ideaPlan : wait for the price to bounce off from 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
CADCHF - Next Move Analysis
This currency pair has created a history of new low, as well as other currency pairs such as GBPUSD.
On this pair I saw the possibility of a rebound after seeing the formed candle shapes. On weekly timeframe, the last two candles formed rejection candles, green candles with a long lower tail. On daily timeframe, the last 2 candles formed bullish candles that are quite long. And on this 4 hour timeframe I see bullish still dominate. We will see !
Happy Weekend! Stay safe at home to avoid coronavirus infection. Avoiding you from being infected means avoiding someone else being infected.
Note : I don't give buy and sell signals. All my posts are just ideas. If you want to apply, do your own analysis first, make sure it matches your analysis. If not, then just trash this idea. So that you won't disappointed and blame the other party when everything does not fit the analysis.
CAD/CHF Long setupPrice was at all time lows and finally moved higher. We are looking bullish on all higher time frames and still have a gap to close. Price bounced off support area which is also aligned with 38.8 fib retracement. We set SL bellow 61.8 fib retracement to be on a safe side because of recent high vollatility.
CADCHF potential bounce!
CADCHF expected to reverse up to 1st support at 0.69716 where it could potentially react and bounce to its resistance at 1st resistance at 0.67494
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.