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Cad-chf

CADCHF: Buy the Pullback-INTRODUCTION- Two weeks ago, CADCHF has reached a new higher high at 0.7800 level. As we forecasted in our previous CADCHF analysis, we expected the price to retrace and retest the support level of 0.7500, which is also the previous resistance level that was tested multiple times. The price nicely retraced and formed an ascending triangle pattern at the 0.7500 level. The price recently broke above the pattern; therefore, we have entered our buy limit orders. Buy Limit Order: @ 0.75180 SL: 0.74450 1st Target Area: 0.75950 2nd target: 0.7680 3rd target: 0.7800 1% risk The previous high at the 0.7800 level is a new high since 2019. Thus, the price should have another retest of the level. Check out our previous CADCHF thought process and other similar trading ideas below :)
Long
by NicoBeau_Capital
CADCHF: A Pullback Trading Opportunity-INTRODUCTION- Last week, CADCHF has reached a new higher high at 0.7800 level. As we forecasted in our previous CADCHF analysis, we expected the price to retrace and retest the support level of 0.7500, which is also the previous resistance level that was tested multiple times. The price nicely retraced and now we will look for a consolidation pattern and a breakout to enter buy positions. -TRADING PLAN- We will observe for a consolidation/reversal pattern in the lower time frame (1 hour chart) at the 0.7500 support level. After a clear breakout from the pattern, we will then place our buy orders at the neckline level to capture the retest. We expect at least one more retest of the recent high at 0.7800 level (300 pips above). Check out our recent CADCHF and other similar pullback trading ideas below :)
Long
by NicoBeau_Capital
CADCHF: Buy the Pullback-INTRODUCTION- This week, CADCHF has reached a new high at 0.7800 level. Currently, the price is retracing, which could give us a great pullback buying opportunity. -TRADING PLAN- Our area of interest is at the previous resistance level of 0.7500, which is two support levels down from the previous high. From that area, we will watch for a consolidation/reversal pattern and then enter buy positions targeting the previous high. Check out our previous pullback strategies below :)
Long
by NicoBeau_Capital
CADCHF Long-term sell opportunityThe CADCHF pair has been trading within a long-term Channel Up ever since the aftermath of the 2020 COVID market crash. It is currently approaching the Higher Highs (top) trend-line of this Channel and has started to turn into a sell opportunity long-term in our book. At the same time, the RSI on the 1D time-frame is forming the same peak pattern that led to the previous Higher High on April 01 2021. Either now or a little higher closer to 0.78000, CADCHF is a sell opportunity for us. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
4
⭕️SELL CADCHF :It's time to sell🧐⭕️You see the analysis of the Canadian dollar to the Swiss franc in four hours(CADCHF , H4)🔎 🔰As it is clear in the analysis, the price has been neutralized in a certain range, and the support and resistance ranges have been marked in purple.🧐 The expected price movement is marked by a yellow line and the profit and loss limits are also indicated in the image.❗️ I have set the profit margin in the range of the white trend line and the orange support line.👌🏻 ⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️ I hope this analysis is useful for you🙏🏻🌹 📌Please introduce the "TRADER STREET" to your friends 🙏🏻 _________________________📈TRADER STREET📉_____________________________
Short
by TRADER_STREET
1