CADCHF is approaching our first support at 0.7533 (horizontal swing low support, 23.6% Fibonacci retracement) and broke out of our short term descending resistance line where a strong bounce might occur above this level pushing price up to our major resistance at 0.7648 (horizontal swing high resistance, 100% Fibonacci extension). RSI (55) is also seeing a...
double bottom formation with rising wedge we can open short at this level with 1:1 risk reward good luck
CADCHF is approaching its resistance at 1.0954 (38.2%, 50% & 61.8% Fibonacci retracement, horizontal overlap resistance) where we price could fall to its support at 0.7476 (61.8% & 50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur. We have also...
Sell below 0.7551. Stop loss 0.7597. Take profit at 0.7476. Reason for the trading strategy (technically): CADCHF is approaching its resistance at 1.0954 (38.2%, 50% & 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect price to react, causing it to reverse and fall to its support at 0.7476 (61.8% & 50% Fibonacci retracement, horizontal...
CADCHF Details on the chart. Waiting for a 4 hour break and close above the weekly price reversal zone, resistance zone & 50% fib for confirmation. Happy Trading!
CADCHF is testing its resistance at 0.7550 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where price could drop to its support at 0.7399 (horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
CADCHF is approaching its support at 0.7432 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where price could bounce up to its resistance at 0.7609 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3.03% where a corresponding bounce could occur.
Beautiful break of up trendline and in a down trending channel. Today price retested the upper downtrend channel resistance and now flowing down. This Pair from last week it has a very unique pattern, wiith in the downtrend channel when ever price spike up bears just grab and bring this down to fib 100% extension. This Week's spike is no different, failed spike...
FX:CADCHF is at support level the CHF is a strong currencie today but this level of 0.7565 prooved to be a good support Also price rejected this level Im going long Updates will be available
CADCHF reversed off its resistance at 0.7613(61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 0.7569 (horizontal swing low support). RSI (89) is held down by a descending resistance line and the ichimoku cloud shows signs of downward pressure which contributes to our bearish bias.
CADCHF bounced nicely off its support at 0.7568 (50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support) where price could potentially rise to its resistance at 0.7685 (38.2% Fibonacci retracement x2, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching support at 5$ where a corresponding rise could occur. We have also...
As we can see from the diagram, a nice Head and Shoulders pattern unfolding on the Daily timeframe on this pair. BoC's hawkishness provided us the spike up today to form the right should and the price was stopped at old broken support that has now become resistance. Moreover, the price is capped on the topside by the 200EMA. We also have the bearish crossover on...
CADCHF is testing its resistance at 0.7610 (horizontal pullback resistance, 23.6% Fibonacci retracement) where price could potentially drop to its major support at 0.7480 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (55) is also...
Sell below 0.7610. Stop loss 0.7679. Take profit at 0.7480. Reason for the trading strategy (technically): CADCHF is testing its resistance at 0.7610 (horizontal pullback resistance, 23.6% Fibonacci retracement) where we expect price to drop to its major support at 0.7480 (horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension)....
CADCHF is approaching our first support at 0.7610 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where price might bounce above this level and potentially rise to our first resistance at 0.7696 (horizontal swing high resistance, 50% Fibonacci retracement). Stochastic (21,5,3) is also seeing a bullish divergence in where we...
Trade what we see: Price had been on a bullish run, followed by a quick double top at 0.7877 level. We have then printed repeated lower highs, breaking the 4hr bullish trend line. The trade is simple, we wait for the pull back into the next lower high and we short to the 71.8% fib level where previous Supply and Demand was found.