Cadchflong
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
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seems like cadchf is making a teacup and it will go up sseems like cadchf is making a teacup and handle and it will go up. lets see what it does as there could be a weekly gap changing the movemnets whereas i see cad have to cover a big distance up. so i see it going up and youll also see it moving like a sports car rushing towards its target. this is just an analysis and it can be wrong becuase of the market situation or due to some other reasons.the market is volatile ill recommend moving your sl in profits if you get in this trade. before getting in make sure you do your analysis aswell. thanks
CADCHF LONG! Price Currently Trading Above Confluence of SupportRecomended: Confirm Buy levels with Buy-triggers for Long entries-- Or counter-trend on confirmed rejection at key-levels
Note that Strong CAD and Weak CHF are confluence for Long-setup; wait for more weakness on CHF considering CAD has been on the gain.
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CADCHF: BULLISH IN UPCOMING YEAR .Thanks for Taking Interested in my Trading Idea.
CADCHF: BULLISH IN UPCOMING YEAR
WE HAVE SEEN A VERY STRONG FALLING WEDGE PATTERN IN MONTHLY TIME ZONE.
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