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CADCHF Strong SHORT 📉What I see in this pair is quite nice and as clear as possible, as you see in the chart, Blue area you see just above the price is strong supply which price reacted to it perfectly, you can see they pushed price lower and lower after reaching to its strong supply, Price were moving in strong uptrend channel , which 2 weeks ago that channel were broken to down, now we reached again broken point of channel , we consider it as a strong resistance. if price break this resistance we see it higher and higher, but for now we have all confirmations for sell as long as price is bellow 0.7380 , we have strong support just bellow price we use them as our 1st and 2nd TP . Any more info Comment or DM as always more than welcome to answer your questions 1:4 R:R LOVELY 👌🏻✅ GOODLUCK Everyone!!! FxShzd ✅📈📉✅
Short
by FxShzd
3
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
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