CADCHF, TIME TO GO LONG!?Hello traders!
Today we have this beautiful CADCHF setup, after moving to the downside for a long time, now we have the chance to go long for the first time, however, before we can, we have some things we need to check first!
For a good and safe entry, we would recommend you to wait for a clean closure above our resistance level (you can look for entries in the 30M chart if you want).
CADCHF has a lot of potential for us so let's try to get as many pips as we can from this setup!
Best of lucks,
GlobalYouthTrading
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Cadchfsetup
CadCHF getting lower to the keylevel 74.00the CADCHF broke the Trendline and retested it. now it is following a clearly downside movement to make an. double bottom togo bullish again. this downside movement is just a retracement for the current level.
after 74.000 CadChf will rise again. to a target of 0.79. mason for this is that I believe that CAD has scope a strengthen further, extending its recent recovery. and this in contrast with the CHF where the SNB is dovish about their monetary plan.
CADCHF long trade opportunity.CADCHF bounced off of strong support that is holding for sometime already and if you took the trade at the support line marked with yellow circle the well done but for those who have not then here is how we could get involved: 1st we wait for the price to come back to the support as i draw it on the chart with 4:1, 5:1 reward/risk ratio or if the price push higher then we have to find another support with a nice pullback to it. For now it is too late to enter and lets wait for another chance to get involved.
Big longterm Sell on CADCHF comming up!CADCHF has been on this wave since the swiss federal bank dropped the euro min value.
now we are approaching the top of the current swing. look out for that at least 0.79 better 0.8 to enter a sell in CADCHF.
i expect the sell to last for about 3 months.
ep: 0.801
sl: 0.81
tp: 0.73
aprox 600pips
go for a low Multiplyer as it is a long trade to minimise the risk of hitting your sl.
i do not take any reponsability
trade with care
if you have any question or Things i could do better hit me up!