Cadchfanalysis
Doomsday Over For CADCHF!!! Going back up to where it belongs!!!If we observe CADCHF, 0.7220 price level was once a strong support level with a strong resistance at 0.7692 price level. We could see many price movement within this 2 price level with the support and resistance holding this price level very strongly. However, we could see that 0.7220 price level was eventually broken turning the price level to a strong resistance level. What we should be looking at for now is a bullish movement back up to retest that level. If manage to break that resistance level with a clean breakthrough the price level will be back to where it belong, However, we see a rejection at that level we could see this price dropping back to the support level or even futher. I will update again when we are near that level.
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CADCHF===Market outlook and forecasting Hy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view.
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CANADIAN DOLLAR / SWISS FRANC (CADCHF) Monthly, Weekly, DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
CADCHF Support Levels Breached - Next Support Is T/P Target NowWe sure did see a lot of volatility today, didn't we? Well, here we are now with a new short position in CADCHF, with 2 strong support levels breached in this pair. The next support level has become the target level for take-profit. This level is 0.69050. I don't see this pair making a big move otherwise.
CADCHF - Up-trend broken to the downside | 1:3 RR Short📢CADCHF 4H - Technical Breakdown
📈Price action has successfully broken through the clear up-trend and has since re-tested the prior support.
📈A short opportunity from the current market price presents a 1:3 RR trade aiming to bank 150 pips down to the highlighted support at 0.67300.
CADCHF Short Possible Scenario..Fundamental View
Crude OIL OPEC meeting has been delayed.
Collapse of OIL is possible as well as CAD.
As illustrated above .It has formed a bat formation.
Since Fake breakout can be seen as well.
Price has retraced and formed exact bat formation.
R:R is clearly mentioned above.
Let's see where market opens for further confirmation..
CADCHF-- Weekly Market Outlook from 06 to 10 April 2020Follow me for more update and Analysis.
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CADCHF long trade ideaPlan : resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
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