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Cadchfsetup

CAD/CHF Multi-Timeframe analysisHi Traders CAD/CHF Multi-Timeframe analysis H1 CHART ( BULLISH ) A very high probability, entry signal to go LONG was given at 0.71104 after the market found support at 0.70829 . Only the downward break of 0.70829 would cancel the bullish scenario. Support & Resistances 0.70789 0.71094 0.70455 0.71331 0.70165 0.71621 H4 CHART ( BULLISH ) A very high probability, entry signal to go LONG was given at 0.71104 after the market found support at 0.70829 . Only the downward break of 0.70829 would cancel the bullish scenario. Support & Resistances 0.70789 0.71094 0.70455 0.71331 0.70293 0.71621 DAILY CHART ( BULLISH ) A medium probability, entry signal to go LONG was given at 0.70611 after the market broke the resistance level at 0.70611 . Support & Resistances 0.70224 0.70550 0.69035 0.71444 0.68610 0.72959 WEEKLY CHART ( BULLISH ) Waiting for a retracement lower towards the 0.70070 support level, in order to reinstate LONG positions. Next important support is the 0.68165 level. Support & Resistances 0.70070 0.71194 0.68165 0.72008 0.67449 0.72512
Long
by Avramis
2
CAD/CHF SHORT SETUPfter nearly 6 months of consolidation, we saw the bottom fakeout and the begining of the rising up of the Canadian currency. At the 66.7% fibo level, we saw the beginning of the start movement and the creating formation of the HnS pattern. At the moment, we expect a retest of the neckline and another drop down. If the market does not negate the pattern, we expect further reactions in the 50-66.7% fibo zone and a correction that will probably break out the imbalances that occurred around the neckline. The continuation of the movement is expected to the 1.61% level of fibo expansion, which at the same time may complete another HnS pattern in D1 tf, which will probably start of full trend reversing The yellow fields are the supply / demand zones. The places marked in red are the most important zones where fibo, s / d, s / r pivots clusters overlap. Note that moving avarages in chart works as support / resistance . It is also worth taking a look at the strong reaction at the fibo levels of 55.9% and 61.8 (excluded) -66.7% fibo+Elliot Waves Warning! Im using different settings of cloud If you want to know more about the strength teamt and the precise direction of the trend and reaction to the zones, I recommend that you start using Heikin Ashi and Renko candles If u have any questions ur always welcome to write amilerski@icloud.com ~~~Remember that the above analysis is only an idea :) You are responsible for your money yourself.~~~~ The market will verify! Bless!
Short
by InfiniteHFX
1
CADCHF: Triangle patternThe Darkest hour is that before the down, the great hope and light which always draws you towards itself. In Elliott wave analysis, these sparkling lights are the patterns, and when we encounter a pattern, we can build the whole path. What we have learned in Elliott's rules is the importance of the patterns, the most valued of these patterns are Diagonal and Triangle, which we can determine the direction of the movement according to their position. In the case of this currency, a Triangular pattern is being formed and we know that this pattern can be formed in wave B or 4. For this reason, and considering the history of the chart, we can consider this wave as the 4th wave, which will start the uptrend in wave 5 after the downtrend.
by NirmataFX
3
CADCHF, 4hr tf, double top pattern inside descending channelHello my friends, Another setup to trade is CADCHF pairs. As you can see CADCHF moving inside a descending channel for the last 2 months. I don't see any pattern to confirm a breakout yet. As long as price inside this channel, we will only look to sell. There is a double top pattern and price currently retracing at 61.8% fibonacci level. Exactly at this area, there is EMA-200 which acted as resistance. If you look to the left, there was a gap from this point as well before which i think will acted as a resistance as well. In conclusion, this 0.6930 area is an area of confluence resistance. Sell CADCHF 0.6930 Stop loss 0.6965 Take profit 0.6860 (2R) RR Ratio 1 : 2 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
3