Cadchflong
CADCHF - this week shortsee notes on chart
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see my Weekly chart for the cadchf below
CADCHF Bounced Off Support, Potential For A Further RiseCADCHF bounced nicely off its support at 0.7627 (61.8% & 100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7692 (76.4% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55 5, 3) is bounced off its support at 1.6% where a corresponding rise could occur.
CADCHF LongContinuing to ride the bullish trend mainly driven by the new NAFTA agreement last Wednesday, but still need to be careful about risk of getting whipsawed especially CAD Ivey PMI news tomorrow at 2pm, and CHF CPI news on Friday. Closely monitoring possible breakout of this pair at 0.77144, and will either setup a buy stop @0.77297, or wait for bounce (safer option) and setup a buy limit at 0.77144 instead, with initial TP at 68.2 fib level and SL few pips below 0 fib level.
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Daily:
Weekly:
Confidence: B (because of risks from upcoming news mentioned above)
CADCHF approaching resistance, potential drop! CADCHF is approaching our first resistance at 0.7715 (horizontal overlap resistance, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.76299 (horizontal pullback support, 23.6% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
CADCHF approaching resistance, potential drop!CADCHF is approaching our first resistance at 0.7531 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7438 (horizontal swing low support).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF BUY Video Analysis - (minimum 130 PIPS SETUP)If you like what you see, please like and follow me BELOW!
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You can track the progress of the trade by clicking the chart below!
CADCHF BUY - (minimum 130 PIPS SETUP)Click on the play button below for more detailed breakdown:)
If you like what you see, please like and follow me BELOW!
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Feel free to leave your opinions on why you AGREE or DISAGREE with my trade analysis! Would love to know your perspectives!
Trading is the hardest way to make easy money.
CADCHF Buy Opportunity CADCHF
Buy opportunity. Price seems to be respecting mostly trendline. Can buy up to previous resistance area (100-200 pips). SL below daily wick (30 pips).
CADCHF LONG - Higher Low with strong bullish candlesThe price reached a long trend line on the weekly chart, presented a strong bullish push followed by weak correction with little sellers presence. On the 61,8 fibo level of the retracement price gave us another strong bullish push, breaking the lower time frame down trend line. I`ll wait for the retracement of this last push to go long!
CADCHF - Update chart 9-2018After CADCHF reached Weekly's zone of wave groups and up. Thus I predict he will go up from the wave 2 to 3 at h1 group waves.
The correction is copied from previous waves
Next target is at 4 hourly's zone wave
cadchf long/buy - Perfect time to jump inplease see the chart for the long on FX:CADCHF
see my other cad chf analysis also.
thanks
CADCHF long term buyUsing the wave analysis FX:CADCHF seems to be on the ABCD now going to E.
make sure you get in early.
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thanks
CADCHF Bearish Gartley Formation!CADCHF will go bearish after completing the Gartley Pattern so we can go long for a while before going short.
CADCHF approaching resistance, potential drop! CADCHF is approaching our first resistance at 0.7401 (horizontal pullback resistance, 100%, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.7251 (horizontal swing low support).
Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Potential CADCHF buy longtermCADCHF seems to have yet again reached a low, great chance to take some cash in a good longterm low multi buy
have fun buyin CC
safe trading
i do not take any responsability
CADCHF Testing Support, Potential For A BounceCADCHF is approaching its support at 0.7394 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where price could bounce up to its resistance at 0.7484 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is testing its support at 2.6% where a corresponding bounce could occur.
CADCHF Testing Support, Prepare For A BounceBuy above 0.7394.
Stop loss at 0.7338.
Take profit at 0.7484.
Reason for the trading strategy (technically):
CADCHF is approaching its support at 0.7394 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 0.7484 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is testing its support at 2.6% where a corresponding bounce is expected.
CADCHF approaching support, potential bounce!CADCHF is approaching our first support at 0.7409 (horizontal overlap support, 100%, 161.8% Fibonacci extension) and a strong bounce might occur pushing price up to our major resistance at 0.7501 (61.8%, 100% Fibonacci extension, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support and a bounce off this level might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF longLooks like momentum has stopped, on a double bottom and a deep crab harmonic formation
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