CADCHF Approaching Support, Potential BounceCADCHF is approaching its support at 0.7369 ( horizontal swing low support, 100% Fibonacci extension, long term descending support line) where it could potentially bounce to its resistance at 0.7471 (Horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (34, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
Cadchflong
CADCHF approaching support, potential bounce! CADCHF is approaching our first support at 0.7361 (horizontal swing low support, 100% Fibonacci extension, long term descending support line) where a strong bounce might occur pushing price up to our major resistance at 0.7471 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF - ANOTHER ENTRY AND EXIT --AGAIN :)CADCHF IS LOOKING GOOD AT THE MOMENT.
I AM NOW EXPECTING THIS TO GO UP ->
IT HIT OUR PREVIOUS TARGET OF 0.75664 AND THEN TO MOVE EVEN HIGHER.
ITS MAKING THE NEEDED CORRECTION NOW.
BE READY TO JUMP IN AGAIN.
SUPPORT THE MOVEMENT WITH YOUR LIKES,
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CADCHF approaching resistance, potential drop!CADCHF is approaching our first resistance at 0.7554 (Horizontal overlap resistance, 38.2% fibonacci retracement ) and a strong drop might occur below this level pushing price down to our major support at 0.7502 (61.8% Fibonacci extension , 61.8% fibonacci retracement ).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF - INTRADAY - 12. NOVEMBER 2018WELCOME TO DACAPITAL TRADING!!
FREE VIP SWING SETUP
1 HOUR
Bearish 61.8% Retrace from previous X-A Wave and pullback
4 HOUR
4 Bearish H4 Candles in a row taking out buyers before heading back up
DAILY
Daily bearish reaction after a strong move and Key level retest at 0.76000!
LEVELS
BUY CADCHF @ 0.76250
SL @ 0.76120 (12 Pips)
TP @ 0.76450 (20 Pips)
RR: 1.62, INTRADAY Setup!
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CADCHF approaching support, potential bounce! CADCHF is approaching our first support at 0.75901 (Horizontal swing low support, 61.8%, 100% fibonacci extension, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.76495 (Horizontal swing high resistance, 100% fibonacci extension, 76.4% fibonacci retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF - SWING SETUP - 07. NOVEMBER 2018WELCOME TO DACAPITAL TRADING!!
FREE VIP SWING SETUP
1 HOUR
Consideration above previous H1/H4 Lows and Support level!
4 HOUR
Expecting a strong bullish reaction to this level now.
DAILY
Daily pullback to previous lows and support level!
LEVELS
BUY CADCHF @ 0.76380
SL @ 0.76170 (20 Pips)
TP @ 0.76970 (60 Pips)
RR: 2.81
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CADCHF / 1D / Technical AnalysisHi, as you can see from the chart the pair has broken through a downtrend trend line and has formed a new higher high. It is now in a period of consolidation. We can expect to look for possible Trend continuation on the upside if we get a breakout from the triangle.
Good luck and Trade Green!
CADCHF - STRONG BUY COMINGCADCHF has retraced to Fibonacci retracement
level of 0.618 as previously surmised. i am expecting
this to futher down again to 0.618 or extend to 0.5 (0.71518)
Also Stoch RSI is has gone into oversold territory.
this will be a strong buy after the final retracement
See previous analysis
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