CADCHF approaching support, potential bounce | 21 May 2020Price is approaching our first support in line with our 161.8% and 127.2% fibonacci extension as well as 78.6% fibonacci retracement where we might see a bounce above this level to our resistance level . Stochastic is approaching our support level as well. We have also posted the video analysis version linked below, do check that out as well and let us know what you would like to see next!
Cadchflong
CADCHF approaching support, potential bounce | 21 May 2020Price is approaching our first support in line with our 161.8% and 127.2% fibonacci extension as well as 78.6% fibonacci retracement where we might see a bounce above this level to our resistance level. Stochastic is approaching our support level as well. We have also posted the written version linked below, do check that out as well and let us know what you would like to see next!
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.
CADCHF long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**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.
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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.
CAD/CHF Ascending channel has been broken. $CAD $CHF $EUR $USDCAD/CHF Price has been broken through the support line of ascending channel. We expect price to go back to support line which then will become resistance. After the price has reached now resistance line price will be going down. This could be great trade opportunity for next week. We are opening short positions putting our SL tight, right over the resistance line.
CADCHF could be seeing a drop from here | 8 May 2020Price is testing resistance in line with our 78.6% fibonacci retracemenet and 78.6% fibonacci extension where we could see a reversal to our take profit level. Attached is the written version, do check that out as well and leave a comment on which currency pair you would like to see next. Cheers!
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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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.
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