Hi All , I got this trade at the right time , but look at the chart and see the reason why . Not there's a Bulling Engulfing pattern . SL to Entry . You can All follow me on Instagram ; @chartbychart_Mentoring
Swiss Frank is currently consolidating around the 1.00 area. The crosspair is near a critical resistance area with multiple rejection , huge possibilities to go near 11th February low if it breaks 0.75800 level.
CADCHF is approaching its resistance at 0.7618 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it may reverse down to its support at 0.7584 (61.8% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
I am expecting a breach of 0.76230 resistance to trigger a quick rally to test overall resistance which surpasses 0.77000
Triangle shape is finished, Support line became Resistance. Descending Movement is expected.
Im leaning to A BULLISH BIAS, lets see what the week has in store for us - Clear Breakouts with a pull back will provide confirmation for the execution!!
Wait for further indication/retests.
CADCHF is trading close to its lower channel support. The outlook for the pair is still neutral, given the previous lower highs. However, the price-action has formed a symmetrical triangle, and a break above the upper triangle line (red trendline) may trigger a long setup.
CADCHF is approaching its resistance at 0.7617 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, Horizontal swing high resistance) where it may reverse down to its support at 0.7582 (61.8% Fibonacci extension, 50% Fibonacci retracement, Horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal...
CADCHF reversed off its resistance at 0.7638 (100% Fibonacci extension ,61.8% Fibonacci retracement , horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 0.7516(50% Fibonacci retracement , horizontal overlap support, 100% Fibonacci extension ). Stochastic (55,5,3) is also reversing off its resistance and we...
Hello Guys, - CADCHF give a great opportuinty to sell - Waiting for triangle breakout - the price broke the previous trend if it breaks the triangle there is no support will face it until 0.7320 - Opportunity for trading not only analysis Good luck
CADCHF recently created a new Lower High on the major down trend that is happening. If the pair breaks the support where the price is floating, we should see the last Elliot wave that could potentially give us nearly 500 pips. The weekly chart shows this idea clearly. We just need to wait for the weekly Stochastics to cross each other and we are good to go.
I posted an idea on CADCHF recently, but after a nice retest of the .762 level, a expect further movement to the downside.
CADCHF is approaching our first support level at 0.7541 (horizontal swing low support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7569 (horizontal swing high resistance, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching support where...
as you can see i've marked the point where the resistence rejected the price , about that the price is getting to the 61.8 level of fibo that is on the same level of the resistence , so let's follow the trend opening this sell position , if the price break the resistence we will sell again on the major trendline area ( the higher one ) let me know what you think...
WELCOME TO DACAPITAL-TRADING! NZDUSD FOREX BREAKDOWN 30 JANUARY 2018 1 HOUR Bullish pullback towards our entry and resistance 4 HOUR Bearish market with small pullback now! DAILY Strong bearish reaction to 0.76400! LEVELS SELL CADCHF ENTRY @ 0.75870 SL @ 0.76330 (45 Pips) TP @ 0.75340 (50 Pips) RR: 1.15, use normal risk! IF YOU HAVE ANY QUESTIONS...
CADCHF bounced nicely off its support at 0.7516 (61.8% & 50% Fibonacci retracement , horizontal swing overlap support ) where it could potentially bounce to its resistance at 0.7579(50% Fibonacci retracement , 61.8% Fibonacci retracement , horizontal overlap resistance). Stochastic (34, 5, 3) is bounced off its support where a corresponding rise could occur....
the CADCHF broke the Trendline and retested it. now it is following a clearly downside movement to make an. double bottom togo bullish again. this downside movement is just a retracement for the current level. after 74.000 CadChf will rise again. to a target of 0.79. mason for this is that I believe that CAD has scope a strengthen further, extending its recent...