Cadchfanalysis
Cad/Chf Almost Ready For A Reversal (Divergence On Oscilator)Cad/Chf is near ready for a reversal. As you can see on the chart with hour 4 , Divergence has been spotted! Does this mean to enter a sell right now? ABSOLUTELY NOT!
So how do you enter a sell? You can enter with many confirmation tools.... Such as A Moving Average Crossover, Candlestick Analysis, Etc!!!!!
These Yellow Zones on the chart was created on the Daily Time Frame because when you trade, you always draw these zones on the time frame higher than the one your trading on!
So wait for price to hit the daily resistance level on HOUR4 Chart... Then Find your reason to go short!
Happy Trading!!!
Is it time for CADCHF to bull?Hello guys, Currently We keeping eyes on CADCHF
since it hit major key support (0.73541 price level).
Price has gone on to break minor area of structure
with some sort of fast bullish mommentum.
What we looking out of this pair is a retracement
to our first Price reversal zone(PRZ) being the 38.2 fib
level together with some candlestick patterns in order
take some trades on this Pair
BEARISH RUN AFTER RETRACEMENT FOR CADCHFWe can currently see this pair retracing thus gaining momentum and also creating bearish divergence for a potential bearish continuation. We can see the same setup on USDCHF. The grey line has been marked at 50% fib level of that bearish move. Should price move to the red line which is our SL, this would invalidate our trade idea. Our tp is marked at 100% of the retracement.
Grey line- entry
Red line - Stop loss
Green line - Take profit
Risk exposure - 1%
Risk to reward 1:2
CADCHF Analysis: Bearish BiasConclusion for today's CADCHF analysis: A sell off in the CAD CHF is anticipated that should last for weeks or months
The Daily timeframe of the CADCHF is presented in this analysis with a falling wedge chart pattern highlighted. A falling wedge is ideally bullish, but in this case, price consolidating and selling off at the upper boundary of the wedge implies bearish consequences. A bearish divergence on the Daily timeframe also argues for a sell off in the CADCHF and trade is expected to last for weeks to months.
Target for such a trade is the long term bullish trendline in the CADCHF or the lower boundary of the wedge.