Welcome to our weekly trade setup ( CADCHF )! - 1 HOUR Very bearish price action and pressure.. 4 HOUR Prices looking for more downside movements.. DAILY Overall bearish market, good entry levels! - FOREX SWING SELL CADCHF ENTRY LEVEL @ 0.69150 SL @ 0.69440 TP @ 0.68700 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different...
CADCHF is displaying an ascending channel since September 21st. We can see price ranging upward between these two support and resistance channel lines. Currently, the price is at the 200 EMA. There is a single 4H bullish candle forming at the 200 EMA which is s slight sign of bullish rejection here. This suggests that we could see price reject at the 200 EMA and...
Based on previously reversal from the trendline, which has established it to be a strong resistance on D1. waiting for a short entry. if you like my idea, pls do well to comment and share your thoughts, also hit the like button and follow for more ideas.
Two scenarios can be imagined for the flag formed in CADCHF. 1. It either breaks in the current bullish move 2. or after a temporary fall, it will break in the next bullish move. Two resistance lines can be considered as targets
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.6925). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.6925). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
After forming a beautiful M and dropping price has been in range for days 9 in all. 9.5 depending on the kind of trader you are. So currently as I see it price is on Level 1, at the very top of level 1. Price can drop from here or continue upward to retest the breakout again. That would suck since I've entered 2 small positions. I will set limit orders for higher...
CADCHF is above support the HL, I expect the price will touch the HH
CADCHF on the daily chart broke the uptrending channel and now found support over a structure at the 0.5 fib level retracement of the previous leg. The price on the 4h chart is ranging between the support structure and a minor one around the 0.69 area. IF the market will break and close above the resistance we can set a nice long order according to Plancton's...
Pair broke uptrendline Price is based below resistance level at 0.6914 Price is based below HVN at level 0.6905 which indicates that pair is in distribution phase Below SMA 100 We r waiting price to break support level (1) at 0.6884 to open short trade It's expected for coming bearish movement to target first support level (2) at 0.6815 then finally target demand...
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nice ascending channel forming in price looking to go long if we reject !!!
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!
I see the first option of the week in CAD/CHF. RSI is overbought, the price is near a strong resistance . Excellent Risk-Reward ratio. Take Profit can be perfect for the next key level.