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.
Cadchfsignal
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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CADCHF Analysis: Trendline breakoutCADCHF has been in an uptrend and following a trendline.
It has managed to break it and has retested.
There is high chances that the price may fall down and a good sell opportunity.
However, there is a strong support/resistance level at 0.76160. We can sell if the price manages to break the level. Else, price may bounce at this level and continue being bullish.
What are your views on this pair?
Go Short as CADCHF Consolidates Below Trend LineIn the daily chart, we can see that the CADCHF has been consolidating after breaking the support trend line earlier this month. It is now testing the support-turn-resistance trend line again after a 160-pip rally from 0.7266. This provides a good opportunity to sell on a pullback.
CADCHF Daily Time frame Channel PatternCADCHF in Daily Time frame Following Channel Pattern
We can also see there Uptrend line which has broken
Channel patterns. Channel patterns are types of sedimentary deposits formed by streams and rivers. Collectively, they are called fluvial deposits. Their shape and sediment characteristics are easily identified and enormously complex.
Sale: 0.75512
Target : 0.75102
Target : 0.74814
Target : 0.74339
Target : 0.73965
Target : 0.73533
Stop loss: 0.76355
Note: This is only for Educational Purpose this is not Investment advice.
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Adil Khan
CADCHF sell incoming - EQUIY.Dear traders,
So as you can see we expect CADCHF to go short. We think it will go short because the markt is now in a strong weekly supply zone. If you zoom in on the daily chart you can see we are now also moving to strong supply zone that’s been filled right now.
It will be much clear on the 4h chart, you can see we are creating now a nice “M formation”. We will wait till it reach our zone and then we will sell.
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CADCHF H4 SignalWe continue to follow the upward trend and recommend buying! We are above average moving 200, We are over Ichimoku cloud, the red line above the blue
All of these figures point to a continuing trend of price increases
Entry Price: 0.7490 (Waiting for a small price correction)
Stop Loss: 0.7440
take Profit: 0.7595