Cadchflong
CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.74530 where it could potentially react off and up to 1st resistance at 0.74983.
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CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.75335 where it could potentially react off and up to 1st resistance at 0.74753.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Simple CADCHF Bullish Swing Trade (Daily Chart)Taking advantage of the overall current bullish sentiment in CAD. Looking at an opportunity off of a reverse pennant to TP1. I don't expect this to be overall Bullish for the longterm as we are approaching a PRZ area where price has failed on numerous occasions to break.
CADCHF Analysis: Price bounced from trendlineHi traders,
I have spotted two rising trendlines in which this pair has been following and has bounced once again respecting each.
As a result, I see a high likelihood of the price rising further towards the next resistance.
Share your views on this pair in the comment section. If you agree with this analysis kindly hit the like button to show your support.
CADCHF - Long or Short OpportunityLooking into the weekly chart we can see that there is a strong overall down trend for this pair. As we come into our lower time frames the Daily/ 4hr we have a smaller bullish trend taking place inside of the overall trend. Do too fundamentals which took places yesterday we had a strong down movement in this pair which has bought us back too the bullish trend line acting as a support for this pairs current movements. This also aligns with a dynamic area of supply and demand. So we could be looking at a bounce off of the trend line and a bullish movement up toward the overall bearish trend line or a bearish movement in which the lower time frame trend line is broken and then looking for a retest to confirm the bearish movement in which we can begin to short looking toward the next area of demand.
CADCHF Analysis: Price following an uptrend trendlineHi traders... I see a good uptrend here that has been respected very well severally. There is a very high likelihood for the trendline continuation and for the price to bounce off. Lets wait and only buy if price bounces. Breaking of the trendline will invalidate the setup.
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CAD CHF | POTENTIAL LONG UP TO 0.77000CAD CHF
+ Daily Trendline broken
+ Good Bullish Momentum
+ Fundamental strong CAD
+ Waiting for a Break and Retest Scenario
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CAD Interest Rate Decision, not the best for SwingTrading, if we hold rates we can see really good momentum to the Upside!
Risk to Reward: 1:2,25
5000€ Account
50€ Risk
125€ Reward