CADCHF is trading at all time lows area. Checking out the price action, the price is trading in a DAILY FALLING WEDGE PATTERN which is a BULLISH reversal pattern. Once daily closes above the falling wedge, a LONG can be initiated on 1. Breakout of falling wedge, 2. Retest of falling wedge as support after the breakout There is also BULLISH RSI DIVERGENCE, which...
This currency is currently sitting on a good historical zone. Not only that, we also have some good confluences that can also help us determine the future price direction. Confluences: 1.Price is currently testing a historical zone Every time price action get to this zone makes a rejection. 2.Also we have a M pattern After a M pattern we can expect a correction...
Welcome to our weekly trade setup ( CADCHF )! - 1 HOUR Bullish market open and price action this monday. 4 HOUR We had a 50% Pullback of previous x-a wave formation. DAILY Bullish waving market with several pullbacks, great long entries now. - FOREX SETUP BUY CADCHF 1ST ENTRY @ 0.75220 (Wait for trigger) 2ND ENTRY @ 0.75090 SL @ 0.74860 TP @ 0.75600 RR: 1.1...