Cadchflong
CADCHF - Long Caught the short move down in the channel.
Now since it failed to touch the bottom of the descending channel and has broken to the upside I am going to long this pair soon as the market open.
0.76 Looks like a good area to get out, on the daily TF there are a lot of wicks at that level so hopefully it at least gets tested.
Will see how it plays out.
CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.74530 where it could potentially react off and up to 1st resistance at 0.74983.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.75335 where it could potentially react off and up to 1st resistance at 0.74753.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Simple CADCHF Bullish Swing Trade (Daily Chart)Taking advantage of the overall current bullish sentiment in CAD. Looking at an opportunity off of a reverse pennant to TP1. I don't expect this to be overall Bullish for the longterm as we are approaching a PRZ area where price has failed on numerous occasions to break.