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CADCHF

CADCHF may be aiming long after huntingA yearly support zone dating back to 2022 was touched by CADCHF. The price bounced off that zone. But there is a lack of liquidity, making it difficult to trade long. The price is likely to retest the resistance level at 0.6800 and make a bauble bottom pattern, But this time, there might be a liquidity hunt for orders below 0.6800. You should wait until the hunt is over (and it will be) and then consider buying at 0.70. ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Long
by Candlestick_OB
CADCHF : Short trade Idea Bearish Indications • Resistance Zone at 0.68708 • Double Top and failed to break the RZ • Fib Level 23.6% as the Resistance level • Gartley’s XABCD pattern supports a reversal in the area of 0.68587 • Seasonal Analysis Shows CXY remains Bearish over 50% in December month • Seasonal Analysis shows SXY Remains 80% Bullish in December Month. Bullish Indications • Bullish Engulfing • Significant Support Zone at 0.68627 Biased: Short Entry Short: 0.68431 TP1: 0.68236 (Fib Level 38.2%) TP2: 0.68085 (Fib Level 23.6%) Stop Loss: 0.68734 Lot Size 0.31 x 2 Risk/Reward: 1:1.3
Short
by adnanmagsi
5
CADCHF is testing a resistance 🦐CADCHF after a long downtrend might have found a fist bottom. The price is now testing a minor resistant and a retracement to the 0.382 Fibonacci level can be seen. I will wait for a potential break and IF the market will satisfy the Plancton's Academy rules i will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
18