Cad-chf
"Top and Bottom Analysis" CAD/CHF by ThinkingAntsOk4H CHART EXPLANATION:
Price has broke an Ascending Trendline after bouncing at the Resistance Zone. After the breakout, it formed two bearish corrective structures, and provided us with two clear short trades.
It is now bouncing at the Support Level, so we will wait to the downside movement to continue to take another position. The next target level is the support zone at 0.72200.
Updates coming soon!
MULTITIMEFRAME VISION:
Daily:
Weekly:
CADCHF approaching support, potential bounce! Price is approaching our first support (100% Fibonacci extension, horizontal swing low support) where a strong bounce might occur to our first resistance level (Horizontal pullback resistance, 38.2% Fibonacci retracement). Stochastic is also approaching support.
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CADCHF SHORT CTL SETUPLooking to open up some more positions on CADHCF from the previous setup. We had a break and retest on our 4hr CTL (Counter-Trend Line). Now the We're looking for a retest on the Daily CTL
-I Will be looking for a pullback to the trend line (0.7520) and then I will be waiting for reversal patterns to form around that region.
CADCHF SHORTCADCHF is below a day resistance and below the 30EMA, It has also broken the uptrend and has retested. Short in my opinion.
Note: I've made a youtube channel that does not yet have any content but at some point in the future i'll be uploading videos about my trading journey and some educational content if you'd like to subscribe now and be the first to see it when i upload. Youtube: Flynnex
Continuation trade short 5/16/2019I managed to trade this short twice already and should still be in this trade. There is not much volume right now on the pair but thats partly why I like it. Less manipulated.
This is a continuation of analysis done two weeks ago and this week. Re entering short on current retrace up.
What do you think about CADCHF? Any fundamental reasons I am wrong or right? Lemme know
CADCHF - SWING - 05. MAY. 2019WELCOME TO DACAPITAL-TRADING!
CADCHF FOREX BREAKDOWN 05 MAY 2019
1 HOUR
Bearish open towards previous weekly support level.
4 HOUR
Expecting a reaction to the upside from this support level!
DAILY
Overall Bullish moving market with a few small pullbacks and good long entrys now.
SWING SETUP
BUY CADCHF
ENTRY @ 1.75480
SL @ 1.75160
TP @ 1.76150
RR: 2.00
(Use normal Risk!)
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CADCHF: Bullish break-out. Targeting the 1D Resistance.The pair just broke the 0.75480 - 0.75570 4H Resistance Zone, which is a technical confirmation of a bullish extension. The obvious target is the 0.76200 1D Resistance. Since 4H is trading within a Channel Up (RSI = 68.638, MACD = 0.001, Highs/Lows = 0.0031), if the Higher High doesn't break, we may pull back towards 0.75300 before testing 0.76200.
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