Not a bad cadchf short with only a 15 pip stop loss. Let's see how this one runs. rejected the 0.786 Fib and created a strong area of resistance.
Utilizing small stop losses allows us to use higher lots. Many believe that using small stop losses ruins profitability but this simply isn't the case.
CADCHF is below downtrendline Price is based below key level at 0.6900 Price is based below HVN at level 0.6928 which indicates that pair is in distribution phase Below SMA 100 on H4 frame MACD shows bearish momentum It's expected for the continuation of bearish movement to target first next support level at 0.6735 then finally target demand zone at level 0.6600
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!
Trade Setup summary: Profit targets=659 pip (45 + 72 + 137 + 191 + 214) Stop Loss =140 pip Reward/Risk > 4.7 : 1 Current Status: Total Profit: 309 pip Closed trade(s): 117 pip Profit Open trade(s): 192 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 0.6583 based on 'previous Forecast' at 2020.07.15 : Closed Profit: TP1 @...
Trading suggestion: . There is a possibility of temporary retracement to suggested resistance line (0.6888). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested resistance line (0.6888). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
CADCHF OUTLOOK FINAL WEEK OF JULY
we expect good bullish term by one of the strong support to the POC as resistance level as shown on the chart
Welcome to this analysis on CAD/CHF. Last night we took a short trade on this pair that got stopped out. price came back to the resistance after breaking down from the descending triangle, got rejected from it but then it regained the resistance and squeezed up. Considering the massive bullish divergence on the momentum indicators and the powerful squeeze that...
Cadchf has been serving me pips these last weeks :) This hidden bullish setup forming on the 4H as well as a hourly divergence, presents a good entry for a long position. This following a significant pullback after we experienced a breakout of a 4H trendline upwards after the CAD rate release last week.
CADCHF is trading within a Channel Down on the 4H chart (RSI = 41.228, MACD = 0.000, ADX = 32.417) after a strong rejection on its last Lower High on the MA200. The RSI is approaching the Support Zone so we expect a rebound soon. Our short-term target is 0.69500. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6960). 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...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (0.6960). 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...
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!
Welcome to this analysis on CAD/CHF. Canadian Dollar has been one of the weakest pairs of the Forex market recently. Looking at the chart, it made a topping Head And Shoulders pattern at the beginning of June that got confirmed by a break of 0.7 and had a massive drop to 0.69. Since then it has been consolidating for over a month. Looking at the consolidation...
Make sure it isn't a fake break out. Check other indicators that will match your plan process. If you need more help regarding learning how to trade or any further enquiring my trading strategy. Comment and like down below! All the best. Key Tip: Longer time frame indicate shorter time frame movement. This is just trade idea, we will not be held responsible for...