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Cadchfbuy

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by med-aaris
1
CADCHF Invalidates 0.6979 ResistanceSignposts on chart outline key details. We're seeing an upper resistance invalidate. When price crossed back below, selling pressure remained weak. This will hopefully trap a bunch of sellers before pushing higher. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
Long
by FinancialGamblR
CADCHF, 4hr tf, bullish flag pattern to materializeHello my friends, I wanna share one of the trade i took today when i was away. I spotted a good setup on CADCHF as there is a bullish flag pattern breakout. What make me confidence to take this trade is that the resistance of bullish flag pattern was align with descending trendline which means price push through this confluences of lines with a big power. This is a proof that buyers now in control of CADCHF and we could see price continue to rise. I took this trade when it retrace to test 0.6950 and now in floatng profit. I think it is not to late to enter so feel free to enter with your own risk management. The nearest resistance is 0.7000 so we will take partial profit when price hit this value. Buy CADCHF 0.6950 Stop loss 0.6920 Take profit 0.7040 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck Disclaimer : I bought CADCHF from 0.6950
Long
by HayatoDragonFX
3
CADCHF, 4hr tf, buy elliott wave 5th waveHello my friends, Another setup for today is CADCHF pairs. As you can see price currently moving to the upside and retracing lower a little bit. We could try assuming this movement as an Elliott Wave movement and price just finished wave-3. This downward movement is wave-4. To have the best trade setup it is better to buy around 0.6950-6948 which will yield 3.5R - 4R trade setup depending on the price you get this pair. Protective stop loss will be slightly below wave-1 area. I am setting buy limit for this because it might hit our order while i was away and that 0.6948 might only appear for a short time so we don't want to miss it. The reason why i think it will only appear for a short time because there is a horizontal support level at 0.6950-6948. Buy limit CADCHF 0.6948 Stop loss 0.6935 Take profit 0.7000 (4R) RR Ratio 1 : 4 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
4
CADCHF - BULLISH BIASCAD - BULLISH 1️⃣ The Canadian dollar appreciated further, supported by higher oil prices and a weaker dollar. 2️⃣ News that Novavax Inc had reached an agreement with the Canadian government to supply up to 76 million doses of its experimental coronavirus vaccine lifted investors’ sentiment. 3️⃣ The Fed’s dovish signal, the risk-on mood continued weighing on the buck. CHF - BEARISH 1️⃣ The global risk sentiment remained well supported by hopes of a potential vaccine and treatment for the COVID-19 virus. This coupled with a positive trade-related development further boosted investors' confidence. ===== TECHNICAL ===== - We are buying this pair on RBS level + SMA100 area + pivot point level on H1 chart. - CADCHF in bullish zone. ===== RISK TO THIS TRADE ===== - This trade will hit stop loss if market sentiment turns to risk-off and oil prices going down.
Long
by MonsunAsia