I’m looking for short with 2 trenches above current price and last week strong down move. Support turned resistance area at 0.756 will be a LRE for me to take a short trade.
Price is slowing down as it is now situated in the support zone. I am looking for a upmove. Unless 0.747 level is broken, bulls will have the chance to attack back Key support - 0.747 Key Resistance - 0.757
Daily pin bar may push the price down. Entry at 50% of the pin bar.
LONG CAD/CHF .75230 TP1 - .7565 TP2 - Monthly Pivot .7606 TP3 - .7680 I expect CAD to gain strength over the next week or 2.
Harmonic bullish pattern complete in the 7580 structure zone. Looks like the bulls are taking over on the lower time frames. In a longer-term bearish market, I'm going for conservative targets: 7610, 7650, and 7690. Please trade responsibly and thanks for your support! Follow me on Instagram @Blu.FX for more currency trading related content! :)
The accuracy of the trend line is still in question here. Thats why i've drawn two of them on the lower boundary of the triangle. The dotted line and the solid. Watching the price action closely at these levels to see where exactly we get a bounce, if at all. This could be a good one as i think this pair may be pretty bullish long term. Enjoy
The daily chart on the cad-frank hasn't trended well in recent times and is currently in a declining channel. Scaling down to the 1 hr chart, price has reached the top of that channel just short of the .886 retracement of the bearish bat. This is the ideal time to get in short with a stop loss just above the X coordinate. As per usual practice, indicators aren't...
I am expecting it to drop towards the flag looks nice for a short next obstacle at flag if it breaches that obstacle and crosses the 0.76 level then further more down is expected.
Either we get a bounce or a breakout here. Lets wait for confirmation
CADCHF has closed below the lower Bollinger Band on the 1H chart. Very strong bearish candle on the daily chart. RSI is below 50. The bears are in control. I expect price to fall to previous lows.
good r/r interesting area of price recent higher lows OIL uncertain prices
CADCHF has closed above the middle Bollinger Band on 1/19/2017. I have entered at the open of the market on 1/19/2017. RSI is below 50.
Bearish new trench created Few rejection candle.