Welcome to our weekly trade setup ( CADCHF )! - 1 HOUR Bearish price turn.. 4 HOUR Strong closure below main sr level. DAILY Overall bearish market structure after a pullback. - FOREX SWING SELL CADCHF ENTRY LEVEL @ 0.69200 SL @ 0.69540 TP @ 0.68730 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or...
CADCHF is trading in downtrend Price is based below key level at 0.6895 Below SMA 100 RSI is in downtrend it's expected forming bearish Elliot wave 5 to target demand zone at level 0.6820
On the 4h chart CADCHF is in a long consolidation phase between a weekly resistance and a minor support. The market which moves ina choppy way has now reached the ascending support trendline. IF the price will break and close below the structure we can set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple...
CADCHF is taking off from a strong daily/4h horizontal support cluster. Yellow area matches perfectly with a 4h trend line. Yesterday the market has broken and closed above the trend line and today we see a retest. I am bullish biased on the pair and expect growth. Goals: 0.6973 0.699
In M15: if Price can break bottom of Fork to up(lower line of Fork), can go up til first line (green line) or maybe until Midel line of Fork, but if can not: we will have a -Divergence & back down until lower alarm line(lower Dashed line).
The first TP: before green Resistant line.
Back down from Midel line until lower line of fork
Today, we will show our view on CADCHF based on Daily and weekly timeframes. Weekly Chart: The price is on a major support zone, and we saw a clear rejection there. Now we can see a local trendline about to be broken, and we expect a bullish resolution towards the next resistance zone. (Descending Trendline. Daily Chart: Here we have a more zoomed...
#head and shoulders pattern - BUY: 0.69285 - stoploss: 0.68933 - Take profit: 0.69606
CADCHF after the bullish impulse until the 0.70500 level retraced back until the 0.5 Fibonacci. It broke above, retested the 0.382 and now move above the resistance area at 1.69900. inside an ascending channel IF the price will retest the structure, according to Plancton's strategy, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple...
This is monthly chart , line charts give the best price action . we have inverted H&S on the monthly chart and only 6 trading days to go for completion of the monthly candle. ONLY FOR EDUCATIONAL PURPOSE IF YOU LIKE THE IDEA PLEASE COMMENT AND SHARE THANK YOU
CADCHF is testing the ascending trendline. near to the 0.382 level. If the price will break below the trendline and the support structure we can set a nice short order according to Plamcton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily...
The analysis is mainly to show that the top zone will break on the next retest, the 'non reactionary' area and the 'likely area to start another bull rally,' were just a little extra I added but should not hold as the focus point. I usually do not do swing analysis, I decided to apply my low timeframe trend continuation method to a higher timeframe and see how...
Price is at an area of resistance at 0.69656. Price has been bouncing off the support rend line. Due to the recent rejection of the support trend line, I believe the price could break through the resistance level (0.69656) and reach 0.70388. Before taking a long position, I will ait for clear confirmation of a breakthrough of the resistance level. However, the...