CADCHF possible shortAnalysing on a bigger timeframe, the area of resistance is formed from a price gap (which makes for a strong resistance area), and has been repeatedly tested. To lookout for a bearish formation around this resistance, then wait for confirmation. It's a trade with a great risk to reward ratio
Cadchfshort
CAD/CHF Ascending channel has been broken. $CAD $CHF $EUR $USDCAD/CHF Price has been broken through the support line of ascending channel. We expect price to go back to support line which then will become resistance. After the price has reached now resistance line price will be going down. This could be great trade opportunity for next week. We are opening short positions putting our SL tight, right over the resistance line.
CADCHF could be seeing a drop from here | 8 May 2020Price is testing resistance in line with our 78.6% fibonacci retracemenet and 78.6% fibonacci extension where we could see a reversal to our take profit level. Attached is the written version, do check that out as well and leave a comment on which currency pair you would like to see next. Cheers!
CADCHF===Market outlook and forecasting Hy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view.
We are Creative price action Trader. Join with us as we document the in's and out's of my trading journey. we are publish Multiple Time frame Analysis and forecasting (totally Free)
Never Trade alone
we really hope you enjoy All trade..
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.
_______________________________________________________________________________________________
Thank you for your support!