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Cadchflong

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
Long
by GWBFX
1
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.
by daltray
1
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
Long
by Ferjad