Dear traders, So as you can see we expect CADCHF to go short. We think it will go short because the markt is now in a strong weekly supply zone. If you zoom in on the daily chart you can see we are now also moving to strong supply zone that’s been filled right now. It will be much clear on the 4h chart, you can see we are creating now a nice “M formation”. We...
CADCHF approached to resistance line.
We continue to follow the upward trend and recommend buying! We are above average moving 200, We are over Ichimoku cloud, the red line above the blue All of these figures point to a continuing trend of price increases Entry Price: 0.7490 (Waiting for a small price correction) Stop Loss: 0.7440 take Profit: 0.7595
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cadchf is most likely to go down because of the strong resistance above.
see notes on chart please like, follow and comment :) see my Weekly chart for the cadchf below
CADCHF create an bullish Head and shoulders pattern,
I am short from last monday from 0.76350
CADCHF Ready to short near the downtrend channel.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Hi traders, Another close spike (not the best) on the CADCHF 15M chart on an important support level. I am targeting the break of the top for my profits. Right now the trade is on break-even and lets see how it continues. (This is not a trade recommendation!)
From the previous two trading session, the Swiss Franc descended strongly against its major Forex currencies. An acquaintance of mine has told me that although no news of it was there, it seems that the SNB (Swiss National Bank) has intervened with the Swiss. When I started stock and forex trading, I've already heard rumors and sayings that the Swiss Franc is a...
Brief overview: Looking at the CADCHF over multiple timeframes, I believe there is an opportunity to short this pair. After the recent rally on the 4H chart, we can see price was met with a strong resistance and dropped back down to a recent support level. We have downward momentum on multiple timeframes and I'm waiting for confirmation before activating this...