Geopolitical risks driving oil price up at the start of 2018 may cause this pair to have a breakout and at least reach 0.80 except if a correction happens soon. Setting up buy stop with TP near 0.8 and SL between R1 and base pivot points. oilprice.com www.cnbc.com Daily: Weekly: Confidence: B (because of unpredictable geopolitical risks that cause volatility)
Price is forming a really strong potential reversal signal at 0.7876 (76.4% Fibonacci retracement, bearish bat formation, horizontal swing high resistance, bearish divergence) and a strong reversal could occur at this level to potentially drive price down to 0.7810 before 0.7738 (61.8% Fibonacci retracement, horizontal swing low support). Our next major level of...
Sell below 0.7879. Stop loss at 0.7965. Take profit at 0.7732. Reason for the trading strategy (technically): Price has formed a bearish bat formation and also sees strong resistance at 0.7879 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and we expect to see a strong reaction off this level to push price down to at least 0.7732...
CAD/CHF has been moving in a channel down since early September. The pair diminished its trading range in the given pattern during the first half of December, but managed to reach its upper boundary once again mid-Wednesday. The pair has since found support at the 100-hour SMA at 0.7773. Given that the weekly PP is likewise located nearby, bulls might still...
If the price breaks as mentioned on the chart, I am expecting a reversal back to the pitch fork before moving up again.
Hey, youraveragetrader here. - Triangle Watch how it reacts when it reaches resistance.
The Canadian Dollar has been trading in a channel down against the Swiss Franc since early September. The pair tested the bottom boundary of this pattern on November 30 prior to making a rebound from a long-term channel circa 0.7820—a pattern which was breached two weeks ago. The rate has made a minor correction north during the previous trading session....
it seems in a good place for long and good p/l ratio ,good luck !
Recently CAD/CHF was in a consolidation zone for quite some time, showing that there's been a moderate level of supply and demand. earlier on this year CAD/CHF Broke out of that consolidation zone, showing that the demand has no increased, with supply increasing as well, this confirms that CAD/CHF Won't be looking to drop back down to that consolidation zone,...
CAD/CHF is trading in two channels. The senior one has confined the rate since early September, while the junior one was initiated last week when the rate bounced off the 0.7870 mark. If looking at the pair’s current movement, the Aussie reversed from the junior channel mid-Wednesday and initiated a slight recovery. However, the rate has shown lack of...
Wait for clear break from either sides. But breaking lower is more likely since we see divergence in MACD.
Reverse H&S + broken trend line + bounce on a trend line + structure + indicators
The market try to break the 0.78600 where bounce many times The Daily market pressure (+6.5) highlight the possibility to break this point and proceed forward to 0.78730 area when it will find an important resistance. This analysis is based on the value of Market Pressure For free Daily market pressure on all crosses visit my twitter profile
The cross is seeking higher prices. May bounce at 0.78800 then drop My idea is for long positions until 0.78800 then wait pullback and short This analysis is based on daily market pressure (+7.4 now in this cross) For a list of daily market pressure value for all crosses visit my twitter profile.
CADCHF broke the moving average, suggesting a potential trend change. This in tandem with September's monthly bull candle gives me enough reason to believe an up trend is about to begin. My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0. Each order contains a 30 pip stop loss and no take profit target. These...
The Canadian Dollar has been weakening against the Swiss Franc during the past seven weeks, thus forming a channel down. The latest upward wave started late on September and it has since led the Loonie towards the upper channel boundary. In fact, this line was reached on two occasions last week that should, in theory, result in a movement down until the lower...