Cad-chf
CADCHF at its RESISTANCEHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price is at its Resistance and can fall from here
Let us know your views on this in the comment section. Thank you all.
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CADCHF: Pullback from Key Level
CADCHF is testing a major weekly structure resistance.
Taking into consideration that the market is quite overbought, chances are high to see a pullback from that.
Your confirmation will be a bearish breakout of a rising parallel channel on 4H.
While the price is within, the market remains sharply bullish.
The breakout will signify a local shift in market sentiment and will push the pair to local structure level.
First goal will be - 0.732
In case of a bullish breakout of the underlined resistance, setup will be invalid.
CADCHF on a retracement move 🦐CADCHF after the strong impulse reached the resistance level below a structure.
According to Plancton's strategy, if the market will break below the support, we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy
CADCHF DAY BUY trending an uptrend
cadchf day trending an uptrend The price is above ema 200. The price is down to the deman zone .sto rsi indicator is going up.
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CADCHF looking up 🦐CADCHF after our last analysis broke above the weekly resistance.
If the market during next week will retest the weekly support over the 0.382 Fibonacci level we will set a nice long order according to Plancton's strategy
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy
CADCHF - Beautiful SHORT set up - DO NOT MISSThis week I am looking for CAD weakness and just so happens that CADCHF is in the perfect area to short. It's currently rejecting the channel resistance and the 786 fib.
Risk Entry: Short now and stops above the channel
Safe entry: Wait for break of the trendline and zone marked and await retest
Do make sure to leave a comment and a thumbs up if you agree! Trade safe.
CADCHF - Beautiful SHORT set up - DO NOT MISSThis week I am looking for CAD weakness and just so happens that CADCHF is in the perfect area to short. It's currently rejecting the channel resistance and the 786 fib.
Risk Entry: Short now and stops above the channel
Safe entry: Wait for break of the trendline and zone marked and await retest
Do make sure to leave a comment and a thumbs up if you agree! Trade safe.
CADCHF looking up 🦐CADCHF has reached the weekly resistance at 0.70500 .
The market after the test of it retraced at the 0.382 Fibonacci level and now seems ready for the break above.
According to Plancton's strategy if the market will break above we can set a nice long order.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy
CADCHF// Reversal or Breakout??CADCHF is approaching the well respected trendline yet again along with an area of former support/resistance .
This seems like an easy trade, however, the last 3 touches were quite easy as well. Anything too good to be true probably is.
While I will be looking for the short, I am prepared for price to go long. There will be important news coming out of Canada in the next few hours which can either provide a spike which will take most early shorts out or be the catalyst for a breakout. I have quite a few other ideas of what can happen but I will let price do its thing.
Check out my last few analyses of this pair in the comments!
CADCHF looking up 🦐CADCHF on the daily chart has reached the weekly resistance.
The market after the test of it tested the 0.382 Fibonacci level and now seems ready for the break above during next week.
According to Plancton's strategy if the market will break above we can set a nice long order.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy
CADCHF: The price is FOLLOWING a strong ASCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
CAD/CHF
⚪ Technical Analysis :
Since August 2020, the price has been following an interesting ascending channel in a daily perspective, bouncing many times on its dynamic lines.
On the 4th of January 2021, a bullish impulse moved the price up, getting a rejection on the resistance zone at about 0.70500 and few days ago it re-tested the same level.
It closed the last daily session with an interesting upbar and a rejection on the level 0.70000 (matching also with its EMA 200) could be a sign of market continuation .
🔴 Conclusion :
This pair is absolutely giving us many great opportunities! I'm confident to see the price growing more until its dynamic resistance, considering that it got a rejection on its daily EMA 200 and it's following a clear uptrend.
I wouldn't suggest to open any long position right now, because there is a possibility of consolidation between the two S/R zones at about 0.70500 and 0.70000.
Before planning my long position on this trade, I'll be waiting for a double scenario:
1. The price falls down bouncing on its dynamic channel's support (that would be a really profitable trade)
2. The price breaks the resistance zone at 0.70500 and I'll be looking for the best entry point until it will reach its dynamic channel's resistance line.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
CADCHF above the weekly support 🦐CADCHF on the 4 h chart breaking above the weekly support continues the bullish momentum.
According to Plancton's strategy, if the conditions will be satisfied, we can set a nice long order
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.