Cadchfshort
Short CADCHFWe can see that price breakout from the bullish channel, then the price move to a flag pattern but sellers pushed price lower again and they make a breakout from the flag either...
Now we can see the price is testing previous support.
We should see down action to 0.74616 - 0.73337 somewhere in this area we should see reversal...
Let's see what is going to happen
Valesco Group Student...
CADCHF TECHNICAL SET UPWe broke and close a rising wedge continuation pattern on the last H4 candle close. Right now we are retesting the support trendline of the wedge. If we see a LL-LC after the retest (you can drop a timeframe to the H1 to look for this), expect price to move toward the targets. Move SL to B/E after TP1 is hit.
Goodluck!
CADCHF - Short within ABCDear community,
my SHORT idea is based on the Elliot Wave count, Fibonacci Retracement and classic chart analysis. Major facts that support my idea are:
- The price formerly formed and broke out of a beautiful ending triagonal, indicating the end of the impulsive 1-2-3-4-5 up move and the start of the a-b-c correction.
- The price dropped initially forming the A of the correctional a-b-c
- The price recovered and corrected back into the 50% / 61.8% Fibonacci levels, which would traditionally be seen as strong reversal levels
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Taking all these very convincing facts into account I am confident to believe that wave b is soon coming to an end, starting the last and most powerful downward wave c .
A potential target can be determined as soon as wave b is complete and wave c has started (to be posted in the updates).
Good luck!
CADCHF approaching resistance, potential drop!CADCHF is approaching our first resistance at 0.7544 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support at 0.7504 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF - Can The Bears Override The Bulls ? Okay, so not a pair I usually trade or analyse but it was requested and I humbly accepted.
So we can see bulls are in control at the moment, I see an upside move of around 80 pips before we can see a good reversal zone met. I will be looking for the descending trend line to be respected between the 71%-88.6% Fibonacci zone. This will also be a good rejection from the weekly key and we can look for bearish candle stick patterns to indicate a reversal and then our next Lower High will be confirmed. This will then be anticipating a Lower low to continue the downtrend and we can see price drop of around 250 pips. Stop losses will be just above the weekly key.
Instagram: keownarcher
CADCHF approaching resistance, potential drop!CADCHF is approaching our first resistance at 0.7544 (horizontal pullback resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support at 0.7502 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance.
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 0.7544 (horizontal pullback resistance, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7502 (50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where 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 support, potential bounce!CADCHF is approaching our first support at 0.7451 (horizontal overlap support, 61.8%, Fibonacci extension, 38.2% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 0.7535 (horizontal overlap resistance, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our support where we might see a 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 ShortMain signal fired. Rules of this trade algo is if main signal fires you take the trade regardless of other signals.
CADCHF possible sell setupWait for conformation on shorter timeframe, possible that it could ride more downwards
CADCHF new projection!Hello good people.
CADCHF had made new breakout. I am expecting the price will go down with a small pullback towards the box @ zone. As you can see, the price already inside the box, which I preparing to short. Good luck! Happy green pips everyone.
Regards. AK
CADCHF Approaching Resistance, Potential ReversalCADCHF is approaching its resistance at 0.7618 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing high resistance) where it may reverse down to its support at 0.7584 (61.8% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
CADCHF Harmonic Bat Pattern Analysis and StrategyWe are predicting the Bat Pattern to complete as long as the red resistance zone is not broken. Our strategy is to trade the 4th leg of the pattern, but a break of the red zone will make the pattern invalid, therefore we will close our position. OANDA:CADCHF
AUDUSD Approaching Resistance, Potential ReversalCADCHF is approaching its resistance at 0.7617 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, Horizontal swing high resistance) where it may reverse down to its support at 0.7582 (61.8% Fibonacci extension, 50% Fibonacci retracement, Horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
CADCHF - SHORTHey followers and other TradingView users!
Two strong trendlines make a crossing area and several rejections from there!
Stops above the round number 0.76000
Please, do not forget to support my idea post by hitting the "LIKE button!
Thank You very much!
Have a nice day!
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
CADCHF: Ready to reverse?
If we have a look at the daily timeframe chart of CADCHF we can see that resistance level 0.76176 has been rejected twice forming potentially a double top reversal. However, this downward price move is supported against by a strong trendline as shown above. With Tenkan Sen and Kijun Sen showing very little directional momentum and we are likely to see some consolidation, perhaps a move back toward 0.76176 to retest resistance and complete the triangle pattern formation before we see any strong directional move.
If we drop down to the 4-hour timeframe we can see that price has currently found support at Kumo. However, price has just broken through Tenkan Sen and Kijun Sen as a support – but with Tenkan Sen, Kijun Sen and Senkou Span B is relatively close proximity to one another supported by Chikou Span firmly within price we can say that this area is crucial consolidation zone. Any downward move has to be supported by the daily trendline which is also supported by the 4-hour Senkou Span A. A candle close below this level i.e. a 4-hour Kumo breakout would likely invalidate the retest of resistance 0.76176 and a short position would be favoured. The one-hour chart shows supporting results with added downward momentum.
CADCHF Support and Resistance Analysis and StrategyWe closed our previous positions on this pair in profit. Our current strategy is to short the pair again on the red zone with stop in place above the blue zone and take profit on the green support zone. FX:CADCHF
CADCHF approaching support, potential bounce! CADCHF is approaching our first support level at 0.7541 (horizontal swing low support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7569 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support where we 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.
