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Cadchfforecast

CADCHF | MY PERSPECTIVE FOR THE WEEKDespite the Bullish run (Corrective move) from late July 2020; The anticipation of negative numbers and economical dent from Unemployment rate and Net Change in employment was not a convincing yard for a continuing rally. Price broke out of my Key level in the beginning of the week only to Break down and close below this level in the latter part of the week inciting a much good reason for Buyers to step aside for a better deal in the following week(s). Tendency: Downtrend ( Bearish ) Structure: Retracement | Trendline | Breakdown Observation: i. The fall of price that began mid-July appears to continue its second phase of decline after completing a correction into 61.8 retracements of impulse leg. ii. Breakdown of my Key level @ 0.68300 is enough signal for me to consider Bearish bias this coming week. Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward: 1:2.5 Potential Duration: 3 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
CADCHF H1 SHORT PRICE ACTION FORECAST Although the price has been fighting to get into a healthy correction, to heal the EMA's overextension, a strong area of resistance continues to work as a line of defense, preventing the upward movement toward the FIB's golden levels. If the price fails to break the area, a bearish continuation towards the next support level is unavoidable. The reason why a short entry is placed The order: Type: sell-stop S/L: 20 pips - R:R | 1:2 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
Daily Update--CAD/CHF-- Big Chat View Forecasting Disclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management. _______________________________________________________________________________________________________________________________________________________ Thank you for your support!
by morshedul-munna
CADCHF H1 LONG PRICE ACTION FORECAST In the real of D1, the price structure has been trading with a rising channel, recently touching the support of the channel heading toward to upper levels. Now, in H1, the price has found support above the Fibonacci 61.8, together with a support level. If price correction has arrived to an end, this will allow a long entry for the pair to capture the uptrend momentum that would follow. If price continues its uptrend bias, a buy-stop entry could be placed, with the following features: The order: Type: buy-stop. S/L: 25 pips - R:R | 1:2 T/P: previous high.
Long
by OGFXTRADER
FURTHER BULLISH MOMENTUM ON CADCHF I previously marked up this pair stating bearish potential However, price did not meet our entry criteria instead it rallied bullish. Price is currently showing signs of further bullish movement. Before price advances higher, it has potential to retrace to our marked entry point before extending. Entry, stop loss and take profit levels have been marked. Should price move to TP1 , you should be scale out majority of your position and move the running position's stop loss in profit. Do not risk more than 2% on this trade.
Long
by Malika_Analysis
FURTHER SELLING POTENTIAL ON CADCHF Hi Guys, hope you all had a great weekend and are well in your health. I am looking at FX:CADCHF for a potential further push down bearish. Before price moves bearish, we may see price retrace creating a great opportunity for entry. Entry, stop loss and take profit levels have been marked. Between take profit levels 1 and 2 , you would be looking to scale out majority of your position at level 1, move your stop loss of the remaining position into profit and let it run risk free. Do not risk more than 2% on this trade.
Short
by Malika_Analysis
CADCHF===Market outlook and forecasting Hy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view. We are Creative price action Trader. Join with us as we document the in's and out's of my trading journey. we are publish Multiple Time frame Analysis and forecasting (totally Free) Never Trade alone we really hope you enjoy All trade.. Disclaimer: the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _______________________________________________________________________________________________ Thank you for your support!
by morshedul-munna
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