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CADCHF – Waiting for breaking method to sell even lower if...

FX:CADCHF   Canadian Dollar/Swiss Franc
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CADCHF – Waiting for breaking method to sell even lower if...

Trend: Strong Buy

Support/Resistance:
R3: 0.75030
R2: 0.74591
R1: 0.74080 (still counted as resistance level )
S1: 0.73941
S2: 0.73200

Price action:

Market on CADCHF currency pair start getting more bullish then bearish . This analysis point for cadchf pair is not giving you straigt point where price will exactly go because we have to do some retracement first on 0.74080 resistance level and hold above by proving bullish momentum. After that we can reach up to second resistance level at 0.74591 which is very critical for next decisions. Our overall potencial target from buyers side is 0.75030 key level.
On the other side there is still posible that sellers might trick buyers, so we have to be carefull at currenct spot for continuation.
*We recommend you to follow price flow on our custom indicator which will give you better confidance and clear entries for following decision*

Potencial trade idea:
Bulls targets:
T1: 0.74591
T2: 0.75030

NOTE – We are trading CADCHF via the preferred trading setups

Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Elite system, Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

Good trading!

Elitefxacademy

Comments

I have cadchf as well on my watchlist, this is my view
Reply
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