this is in confluence with other CHF pairs such as EURCHF,CADCHF,NZDCHF . they've all reached my zone of interest after the impulsive move and i have a strong bias on them reversing
the trendline and flag has been broken. i took a sell down to retest the zone of demand level for a significant buy
Cadchf sell to complete the retractment for the breakout of the flag pattern was successful now i am looking to buy it high up
CADCHF has seen a bullish breakout from the descending trendline resistance-turned-support, and RSI is holding above the ascending trendline support as well. We could see a bounce at Buy Entry, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal overlap support, and rise towards 1st Resistance, in line with horizontal swing high...
CADCHF has seen a bearish breakout from the ascending trendline support-turned-resistance, and is now holding below the descending trendline and Ichimoku cloud resistances. We could see a potential reversal at Sell Entry, in line with 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback resistance, and further drop towards Take Profit...
CADCHF is facing bullish pressure as it continues to hold above ascending trendline support and Stochastics has bounced from support where price has reacted in the past, showing signs of bullish pressure. We could see further upside above Buy Entry, in line with 38.2% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal swing low support, towards Take...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7466). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7466). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts...
CADCHF is holding above the ascending trendline support, and RSI has bounced from the support level where we have seen price bounce from in the past. We could see a further rise above Buy Entry level, in line with 50% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal pullback support, towards Take Profit level, in line with 50%, 161.8% Fibonacci...
Price is testing 1st support, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support. We could see a bounce and further upside towards 1st resistance, in line with 127.2% Fibonacci extension and horizontal swing high resistance. RSI is also testing the lower support where price has bounced before in the past, showing...
CADCHF on the 4h chart bounced over the weekly support at the 0.618 Fibonacci level. The price is testing the descent trendline over a minor support near to the 0.382. According to Plancton's strategy if the price will satisfy the conditions we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red...
CADCHF facing bullish pressure from ascending trendline support, horizontal swing low support in line with 100% Fibonacci extension, and 61.8% Fibonacci retracement. Prices might push up towards horizontal swing high resistance in line with 100% Fibonacci extension. If prices push down further, prices might take support on horizontal swing low support in line with...
After the break of the descending trendline, CADCHF tried to break above the daily resistance. The market never succeeds and lost strength moving lower over the support. According to Plancton's strategy if the price will break below we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure...
CADCHF Just Presented A Buy Opportunity Here::: Expecting Support (Purple Line) To Be Respected At These Low Levels Atleast Until We test The High Highers It Created On The Previous Move On 15 TF... Ideal Trade On Chart With SL & TP Indicated.....
After the break of the descending trendline, CADCHF tried to break above the daily resistance. The market never succeeds and lost strength moving lower over the support. According to Plancton's strategy if the price will break below we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure...
Fundamental bias: Bullish 1. The Monetary Policy outlook for the BOC At the April meeting the BOC confirmed market’s speculation that they will start tapering their QE program, and followed through with a CAD1bln reduction per week. The bank also took a hawkish tilt by bringing forward their interest rate hike expectations to 2022 from 2023. The BOC is the...
CADCHFon the. 4h chart broke the daily descending trendline. The price is currently moving in a bullish price action and according to Plancton's strategy if the market will break above the resistance level we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵...