CADCHF is approaching its resistance at 0.7469 (100% Fibonacci extension x2 , 50% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 0.7369 (61.8% & 100% Fibonacci extension , Horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
CADCHF is approaching its resistance at 0.7457 (100% Fibonacci extension, 76.4% Fibonacci retracement, Horizontal swing high resistance) where it could potentially drop to its support at 0.7375 (61.8% Fibonacci extension, 76.8% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding drop could occur.
Just my opinion based on my trading method. I trade every post i make with real money :)
CADCHF is approaching its resistance at 0.7469 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 0.7368 (61.8% & 100% Fibonacci extension, Horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
CADCHF is approaching our first resistance at 0.7469 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where a strong reversal might occur below this level pushing price down to our major support at 0.7367 (horizontal swing low support). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding reversal...
- Momentum studies highly bearish - Extends weakness below 200W SMA - MACD and DMI support further weakness Support levels - 0.7355 (trendline), 0.7315 (Sept 6 low) Resistance levels - 0.74, 0.7416 (5-DMA), 0.75 (21-EMA) Good to short upticks, SL: 0.7420, TP: 0.7355/ 0.7315
CADCHF is approaching its support at 0.7369 ( horizontal swing low support, 100% Fibonacci extension, long term descending support line) where it could potentially bounce to its resistance at 0.7471 (Horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (34, 5, 3) is approaching its support at 2.8% where a corresponding...
CADCHF is approaching our first support at 0.7367 (horizontal swing low support, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7473 (horizontal overlap resistance, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in...
CADCHF is approaching its support at 0.7367 (100% Fibonacci extension x2 , horizontal swing low support) where it could potentially bounce to its resistance at 0.7469 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 2.7% where a corresponding bounce could occur.
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AUDCAD is approaching its support at 0.9650 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.9698 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 7.9% where a corresponding bounce could occur.
CADCHF is approaching its support at 0.7357 (100% Fibonacci extension x2 , horizontal swing low support) where it could potentially bounce to its resistance at 0.7469 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 3.6% where a corresponding bounce could occur.
With a breach of support and a successful retest this looks like a nice safe trade to be taking.
Breach of resistance with a successful retest this is a perfect entry for a long position with a tight stop loss.
I see two conflicting signals on CAD/CHF STRONGER BEARISH SIGNAL: I see a break below the red support, and a retest, which would signal downward movement WEAKER BULLISH SIGNAL: I see a break above green resistance, and a retest, which would signal upward movement if anyone has suggestions or thoughts about this chart, please share!
CADCHF 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.
There are two targets of this pattern. Stop loss can move to entry price when price reach the target 1. Important numbers mentioned in below; Target 1: 0.75188 Target 2: 0.75013 Long Entry Price: 0.75477 Stop Loss: 0.75753