Prices are on bearish momentum. With bearish divergence spotted on RSI, we see the potential for a dip from our sell entry at 0.73050 in line with 78.6% Fibonacci extension towards our Take Profit at 0.725 which is an area of Fibonacci confluences. RSI is also close to levels where dips previously occurred. Any opinions, news, research, analyses, prices, other...
Clear downtrend happening now on CADCHF, waiting for a retracement with a clear rejection before entering with a selling position.
The sell order is specified and the target and stop loss are also specified
CADCHF is trading in a parrallel bearish channel, making swing lower high and lower lows. We are expecting bears to drag the price from the resistance zone. Trade your levels accordingly. Don't forget to share your valuable feedback in comment section. Check our other Forex and Crypto Setup on Profile.
A clear analysis on cad/chf, with specified entry and exist points.... Jump in and thank me later
Prices have recently broken out of our bearish trendline and are on bullish momentum. We see the potential for a bounce from our buy entry at 0.73172 in line with 50% Fibonacci retracement towards our Take profit at 0.74096 which is an are of Fibonacci confluences. Our bullish bias is further supported by prices trading above our ichimoku cloud support and RSI...
Prices have recently broken out of the daily descending trendline. We see the potential for bullish movement from our buy entry at 0.73029 in line with 23.6% Fibonacci retracement towards our Take profit at 78.6% Fibonacci retracement and 61.8% FIbonacci extension . Our bullish bias is further supported by prices trading above our Ichimoku clouds and also MA 200 &...
Prices have recently broken out of the daily descending trendline. We see the potential for bullish movement from our buy entry at 0.73029 in line with 23.6% Fibonacci retracement towards our Take profit at 78.6% Fibonacci retracement and 61.8% FIbonacci extension. Our bullish bias is further supported by prices trading above our Ichimoku clouds and also MA 200 &...
CADCHF after the attempt to break the strong support area is now moving upwards. The price is testing a resistance area and according to Plancton's strategy IF the market will break and satisfy the ACADEMY rules we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly...
We can expect price to bounce from the pivot level in line with 38.2% Fibonacci retracement and graphical overlap support towards the potential take profit level in line with 127.2% Fibonacci projection and previous swing high. Our bullish bias is further supported by the stochastic indicator where the %K line is at the support level and price is holding above the...
As you can see, Wyckoff played out perfectly and moved up 270 pips from the test of the schematic which was shown in the post on December 15th! There was loads of opportunities for trades during this move up, because once you know the direction price wants to go, it is easier to find trades following the trend. I am now looking for a bigger correction for price to...
CADCHF 1D TF Bullish First time since 2 days ago Three White Soldiers Higher High Higher Low Rainbow Bull Bull Advantage STO Overbought (short retracement likely) Trade Idea Buy 0.71837-0.72213 (or ema3) TP1: 0.73213 TP2: Let Profit Run SL: 0.70837
CADCHF Support & Resistance Levels
We can observe a break of the previous downtrend by the bulls, meaning a change for a bullish trend. No clue however if there will be a retracement before continuing to push to the upside as we have a RSI divergence (H1), or if the trend will keep going.
Price broke out of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to bounce from the pivot level in line with 23.6% Fibonacci retracement towards the take profit level in line with 127.2% Fibonacci projection. Our bullish bias is further supported by the price holding above the Ichimoku cloud indicator. Any...
Prices are on bearish momentum and abiding to our bearish trendline . We see the potential for a dip from our sell entry at 0.72188 in line with 50% Fibonacci extension towards our Take Profit at 0.710881 in line with 100% Fibonacci extension . RSI is at a level where dips previously occurred. Any opinions, news, research, analyses, prices, other information, or...