CADCHF Reversed Off Resistance, Potential DropCADCHF has reversed off its resistance at 0.7583 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it could potentially drop further to its support at 0.7520 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop could occur.
Cad-chf
CADCHF approaching resistance, potential drop!CADCHF is approaching our first resistance at 0.7554 (Horizontal overlap resistance, 38.2% fibonacci retracement ) and a strong drop might occur below this level pushing price down to our major support at 0.7502 (61.8% Fibonacci extension , 61.8% fibonacci retracement ).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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EURGBP approaching resistance, potential drop! CADCHF is approaching our first resistance at 0.7554 (Horizontal overlap resistance, 38.2% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.7502 (61.8% Fibonacci extension, 61.8% fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF Approaching Resistance, Potential ReversalCADCHF is approaching resistance at 0.7556 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance), where it could potentially reverse down to its support at 0.7471 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic is approaching its resistance at 96% where a corresponding reversal could occur.
Dow Jones hits close to 25500 levels. Brief pullback now?The Dow Jones almost hit the first soft target at 25480 levels yesterday before pulling back lower again. It is quite possible that we see a brief pullback lower before the rally continues. Please note that it was close to taking out the resistance at 25500 levels as discussed earlier. Looking into the wave structure from here, the indice is expected to pullback lower towards 24900/25000 levels at least, before the rally could resume higher. If Wave (2) is unfolding as a flat, we could see prices pushing close to 26300 levels before a bearish reversal. However, if a running flat or a triangle is underway, we could see it terminating ahead of 26300 levels before turning lower again. Overall, a medium term bearish outlook remains until prices stay below 26950 levels. We shall present the most probable structure here as price action unfolds further.
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CADCHF Approaching Support, Potential BounceCADCHF is approaching its support at 0.7470 (61.8% Fibonacci extension, 76.4% & 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7527 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 3.1% where a corresponding bounce could occur.
FOREX: CADCHF - SWING - 23. NOV. 2018WELCOME TO DACAPITAL-TRADING!
CADCHF FOREX BREAKDOWN 23 NOVEMBER 2018
1 HOUR
Strong bullish reaction to 1.74750 Support level
4 HOUR
Bullish 50% Pullback of previous H4 Wave
DAILY
Strong bearish reaction to 0.77000 following this move after this H4 Pullback!
LEVELS
(Please split your Position to 3 small ones for perfect entrys!)
SELL CADCHF
1ST @ 1.75420
2ND @ 1.75470
3RD @ 1.75530
SL @ 1.75940 (45 Pips)
TP @ 1.74890 (60 Pips)
RR: 1.30
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CADCHF Approaching Resistance, Potential ReversalCADCHF is approaching its resistance at 0.7557 (61.8% Fibonacci extension, 32.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.7507 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reversal could occur.
CADCHF Approaching Resistance, Potential ReversalCADCHF is approaching its resistance at 0.7555 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse to its support at 0.7473 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
CADCHF Approaching Resistance, Potential ReversalCADCHF is approaching its resistance at 0.7554(61.8% & 100% Fibonacci extension , 32.8% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse down to its support at 0.7507 (61.8% Fibonacci retracement , horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
Advanced engulfing entry patternwe set up daily levels support and resistance on the Daily chart, looking for levels that where tested multiple times. Same with the 4hr chart and finally in the 1 hr chart we look for possible entries.
Once found, supported by levels of support and a flag pattern we will be looking at an possible uptrend, at least until next level of resistance.
CADCHF Approaching Support, Potential BounceCADCHF is approaching its support at 0.7588 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7620 (50% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 7.1% where a corresponding bounce could occur.
CADCHF Testing Support, Potential BounceCADCHF is approaching its support at 0.7606 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where price could potentially bounce up to its resistance at 0.7625 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is testing its support at 3.7% where a corresponding bounce could occur.
EURCAD Testing Support, Potential BounceEURCAD is approaching its support at 1.4849 (100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where price could potentially bounce up to its resistance at 1.4920 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 2.3% where a corresponding bounce could occur.
CADCHF - INTRADAY - 12. NOVEMBER 2018WELCOME TO DACAPITAL TRADING!!
FREE VIP SWING SETUP
1 HOUR
Bearish 61.8% Retrace from previous X-A Wave and pullback
4 HOUR
4 Bearish H4 Candles in a row taking out buyers before heading back up
DAILY
Daily bearish reaction after a strong move and Key level retest at 0.76000!
LEVELS
BUY CADCHF @ 0.76250
SL @ 0.76120 (12 Pips)
TP @ 0.76450 (20 Pips)
RR: 1.62, INTRADAY Setup!
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ASX Testing Resistance, Potential ReversalASX approaching resistance at 5951 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 5773 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 94% where a corresponding reversal could occur.
CADCHF Approaching Support, Potential BounceCADCHF is approaching its support at 0.7588 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7636 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.
CADCHF approaching support, potential bounce! CADCHF is approaching our first support at 0.75901 (Horizontal swing low support, 61.8%, 100% fibonacci extension, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.76495 (Horizontal swing high resistance, 100% fibonacci extension, 76.4% fibonacci retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CAD CHF SELL (CANADIAN DOLLAR – SWISS FRANC)Hi there. Price is still on the continuation pattern. Wait for the price to hit the top of the pattern and watch strong price action for sell. CHF will gonna get strength this week or next week, so when CHF starts to move impulsively we may see a drop on this pair.