Channel resistance may return price to the previous channel support level.
CAD/CHF price has been in an ascending channel for a few weeks. We can see the resistance zone level (1) @ 0.6921 where price has touched at this level, retraced back to the support line of the channel before reaching resistance again, and breaking through to the resistance line of the channel pattern (2). Price then rejected at this line and reverted back to the...
My A setups fails too buh till then, lets see.
This is not a trading signal just a trade I analysed and put onto to my watch list and could potentially go my way. Always wait for a entry point before you press the trigger button. Please feel free to like , comment and follow.
CADCHF WEEKLY OUTLOOK AUG 23 - 28
All about percentages, never pips never win rates. Risk Reward!!! Let's see how this plays out
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6885). 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. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6885). 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. ....
CADCHF Buy Entry : 0.68755 Stop Loss : 0.68605 Multiple TP options shown below: TP1 : 0.68956 TP2 : 0.69156 TP3 : 0.69556 Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. Still time to enter this buy...
Main items we can see on the chart: a) The price is below a descending trendline b) Currently, the price broke with a bullish movement a descending structure c) We can see a corrective pattern making a throwback on the descending structure d) If the price breaks above the green arrow we will consider a confirmation for the bullish movement towards the...
CADCHF retested broken major downtrendline Price is based on SMA 100 on H4 frame MACD shows weakness in bearish momentum It's expected for coming bullish movement to target first key level at 0.6905 then finally target resistance level at 0.70000 which corresponds to HVN
looking for another continuation leg before week end.
CADCHF create a clear double bottom on the weekly chart. Now price is consolidating below the daily structure. If the price will manage to break and close above the blue structure and cosenquently break thye channel we can set a nice long order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.