Cadchflong
Thu 14th Apr 2022 CAD/CHF Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a CAD/CHF Buy. Enjoy the day all. Cheers. Jim
CADCHF Trade IdeaA long trade opportunity recently presented itself on the CADCHF trading chart. This is signalled by a bullish harami candlestick pattern just above the 0.73580 horizontal support level. Depending on when you enter this trade, you could expect a reward-to-risk ratio of 3.73 with SL at 0.73549 and TP at 0.74519
CADCHF | BREAKOUT OCCOURS CADCHF has finally given a breakout from the consolidation of more than 10 days. Looks like the direction is clear which is upside.
We are expecting the pair to move upside to 0.75500 level with retest to breakout zone will give bulls more confident.
Trade your levels accordingly.
CADCHF | MULTIPLE RESISTANCE AHEADCADCHF is trading in a bullish parallel channel, making higher highs and higher lows. The price has approached to horizontal resistance area which will be act as a strong one.
We are expecting price will retrace to the bottom of the channel first and may test the horizontal level there on.
Alternatively, breaking above will bring more bulls in the party.
Trade your levels accordingly.
CADCHF LONG - Buy Entry - MN ChartCADCHF LONG - Buy Entry - MN Chart
I will post H4 buy entry positions
Symbol: CADCHF
Timeframe: MN - Monthly Chart
Type: BUY
Entry Price: Buy on H4 pullbacks
Monthly Chart - TP - Resistance @ 0.78593
Weekly Chart - TP - Resistance @ 0.75270
Major Monthly Support @ 0.72873
CADCHF, Watch for more upside movement!Hi Traders,
Price action shows bullish movements as we're approaching the top boundary of a 'Flag' type of structure which indicates the momentum to continue if price breakouts of this structure. Look for buy opportunities after the breakout followed by a LTF correction. (CAB Entry)
Ensure your entry meets your criteria of your trading plan.
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Good Luck!
Fri 25th February 2022 CAD/CHF Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a CAD/CHF Buy. Enjoy the day all. Cheers. Jim