Pair has been in a corrective structure the last week. Price is moving next to 61,8 fibonacci retracement wich coincides with a support level. We must wait for a bullish breakout of the structure to open a long position.
Hi traders: Almost 2 months ago I published my view on CADCHF long in the beginning of June that ended up having a 500 pips movement to the upside. Now, we could experiencing the downfall on CADCHF as it is currently sitting at historical key resistance area of 0.7700. On the daily chart we can see the price action broke out of the .7700, but quickly drop down...
Hi boys! Somewhat risky as it's reaching a horizontal line, but I'm risking 57 pips to make 145. We still have a trend with HH and HL. 5 wave elliot in play. Breaking clouds on most time lower time frames and stoch rsi looks good. Lets stick with the trend until it bends.
Weeks ago this pair broke bearish daily trend. As we see in the chart, price is showing an eliott wave structure. What we see here is a common flag correction of this prime bullish structure. Breakout has done, so we can expect a bullish movement.
Right now, I'm looking at a nice rounding top reversal that is in the works on the 4H charts of CADCHF. The pair has been in a steady uptrend for quite a while now and while the initial push up was very strong, the uptrend has been losing steam recently. We can see a nice flattening curve in the price action, culminating in a sharp sell-off with a very strong...
1. Trend line break(zoom out) 2. Horizontal support area 3. Three inside up candlestick formation(Reversal) This is a longer term outlook of the pair.
As we can see this pair is in a sideways correction with wave B close to its end. We are looking for a bullish five wave C to take place during the coming weeks. P.S: This content is for educational purposes and discussion. Good luck.
Hi everyone: Looks like we have a nice long entry here on CADCHF, as the 4 hr chart found a nice support around 0.7150 and broke out of the resistance trend line and pulled back to form a higher low. Good to go long for 2 targets. Target 1: 0.7270 (2%) Target 2: 0.7350 (4.29%) Thank you for your support and feedback.
I think price is it a trend line that is well respected, i think price will go to the zone or the trend line.
Currenty CadChf is pushing against the upper range and 14 EMA. By the current looks it might break at market close so watch the price carefully and enter a buy if it closes around the price displayed on the chart or higher. Stop loss at 0,7200. Take Profit at 0.7380
Looking to get into a long trade after neckline break of this pretty nice inverted SHS.. confluence through rsi divergence and flip zone ( same level as neckline) ... waiting for a break n close to get in this juicy little thing ;-)
CADCHF - long- buy signal - by E11 ( Ellalan) ENTREY:~0.7186 - 0.7163 SL :0.7120 TP1 :0.7293
Bullish divergence has formed at RSI. Now waiting for bullish breakout of the trend to open a long position till 61,8 fibonacci retracement, wich coincide with a resistance level. Then, we have to see how price develops.