Sell below 0.7651. Stop loss at 0.7689. Take profit at 0.7591. Reason for the trading strategy (technically): CADCHF reversed off its resistance at 0.7651 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing high resistance, ascending channel resistance) where it is expected to drop further to its support at 0.7591 (61.8% Fibonacci...
CADCHF is approaching our first resistance at 0.7620 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.7565 (horizontal swing low support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (34,5,3) is also...
CADCHF is approaching its support at 0.7532 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce off from to its resistance at 0.7599 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) bounced off its support at 1.5% where a corresponding...
CADCHF is approaching our first resistance at 0.7632 (horizontal swing high resistance, 100% fibonacci extension, 50% fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our major support at 0.7534 (horizontal swing low support, 50% fibonacci retracement, 100% fibonacci extension). A breakout below our intermediate...
A nice shorting opportunity on the CADCHF , based on Fib , S/R, DYOR etc etc..
CADCHF is approaching its resistance at 0.7629 (100% Fibonacci extension, 50% & 78.6% Fibonacci retracement, horizontal swing high resistnace) where it could potentiall reverse down to its support at 0.7526 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 93% where a...
market has reached daily resistance level Nice Gartley formation ( harmonic pattern) bullish engulfing on 4H enough confirmation to enter this trade with stops above swing high good luck like and share if u agree
Technical indicators for the pair are turning bullish. Price action has edged above major EMAs after bullish divergence on Stochs. The pair is currently trading muted after previous session's spike with stiff resistance at 0.7615 (nearly converged 200-DMA and cloud). Breakout there could see further bullishness. Scope then for test of 61.8% Fib at...
CADCHF is approaching our first resistance at 0.7627 (horizontal swing high resistance, 50%, 78.6% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 0.7526 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where...
Price is approaching our first support at 0.7530 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance at 0.7587 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching...
CADCHF is testing its support at 0.7530 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where price could rise to its resistance at 0.7588 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) bounced off its intermediate support at 8.5% where a corresponding rise...
Buy above 0.7530. Stop loss at 0.7490. Take profit at 0.7588. Reason for the trading strategy (technically): CADCHF is testing its support at 0.7530 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where we expect price to rise to its resistance at 0.7588 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal...
Look to take shorts at current market price. Take profits set at the bottom of the pattern. Good luck to all.
market has fallen thorugh a rising wedge and gives us enough confirmation to enter short at this level for first target R/R is 1:1
24Hours ON !!! SL was to tight and the news spiked up and hit SL Then reversed. I have decided to re enter because i am confident in my setup playing out . Im not to fussed about SL getting hit by a few pips because i know this happens from time to time just got to accept it and move on . Another update in 24hrs !!!!
Details on the chart. Position is activated. Always use proper risk management. Happy Trading!