CADCHF approaching support, potential bounce | 21 May 2020Price is approaching our first support in line with our 161.8% and 127.2% fibonacci extension as well as 78.6% fibonacci retracement where we might see a bounce above this level to our resistance level. Stochastic is approaching our support level as well. We have also posted the written version linked below, do check that out as well and let us know what you would like to see next!
Cad-chf
Trade Idea con CADCHF by ThinkingAntsOkUse this as a guide to develop your setup.
Main items we can see on the 4hs chart:
a) The price is on the edge of a major support resistance zone and a broken channel
b) There we can see a Wedge Patter that has already been broken
c) Currently, we can see a secondary correction (purple lines) on the edge of the Wedge Pattern
d) We think that if the price breaks the secondary correction, we will see a bearish movement towards the next Support zone (trendline)
e) The Risk-Reward ratio of this trade is 2.2
DAILY CHART:
CADCHF Price just stalled out at R2 in our bearish zone This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
CADCHF reaching support, potential bounce | 14 May 2020Price is reaching our entry in line with our 78.6% retracement and 61.8% extension where we could see a bounce above this level to our first resistance level. Stochastic is reaching support as well. Please find the written version linked below and let us know what you would like to see next!
CADCHF could be seeing a drop from here | 8 May 2020Price is testing resistance in line with our 78.6% fibonacci retracemenet and 78.6% fibonacci extension where we could see a reversal to our take profit level. Attached is the written version, do check that out as well and leave a comment on which currency pair you would like to see next. Cheers!
CADCHF UPDATE This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
CADCHF Will price retest the former trend-line?This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
The Social Traders | CADCHF ShortNot too much we're looking at today. CADCHF has caught my eye, we've just stripped this right back to look at it from a patterns perspective. Currently completed the 1,2,3 touch structure, rising wedge pattern, double top and price action right on the daily 50EMA and rejecting nicely. It is a simple trade but could be incredibly effective if we play this to the 90% rule!
CADCHF IN ASCENDING CHANELHello 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 the analysis.
As we can see, the pair is currently in Ascending Channel. One can wait for breakout.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6905). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.6978
TP2= @ 0.7045
TP3= @ 0.7145
SL= Break below S2
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6905). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.6978
TP2= @ 0.7045
TP3= @ 0.7145
SL= Break below S2