Hello traders , potential short on this pair. Price is at the completion of the ab=cd as well as being at a previous fresh supply. Targeting 382 retracement since that would be the previous structure which might just become the new support. Can go as far as 618 cheers
CADCHF - LONG - DAILY Possible Long set up, with 50% Fib bounce and Cloud beak out and entry at a Trend line break, - Daily candle not closed yet, but still entered the trade ( will close trade if daily candle reverses and closes as an indecision candle). Trading CAD strength rather than CHF weakness as CAD has some major bullish divergence with other major...
Here we have a potential pattern on nzdcad, target would take it to the bottom of the triangle Pair is still long term short and 8100 might be a possible future target Best of luck
Good morning traders, I´m opening a Long position at current levels with SL below 0.729 on a daily close , for a retest of resistance at 0.742 area. Ichimoku setup is bullish and above 50 MA . Please thumbs up if you agree 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high . 3. Think like a fundamentalist,...
CADCHF has completed a 5 wave impulse and is due for a correction. Bullish divergence in addition to a TL break indicates the beginning of the correction. Entry at the .382 fib of "A" wave with target at daily pivot/.382 fib provides a high probability long position.
Got into this short based on the current price action. , Will closed the trade by end of friday trading day. Sl ,entry and tp on chart.
Short opportunity on CADCHF Reasons for entry - Price hitting multiple trendline/resistance levels - In line with the down trend - MACD divergence Exit strategy - Stop 0.7627 - Target 0.7527 - Reward:Risk 3:1 Let me know what you think?
PRICE IS ONCE AGAIN PUTTING PRESSURE ON SUPPORT JUST ABOVE THE 61.8 FIB LEVEL ON THE DROP CAUSED BY THE SNB IN JAN. WHATCH THIS AREA FOR A BREAK OR BOUNCE.
After a long rally CADCHF has finally found dome support at the median line of a downsloping pitchfork. The Swiss franc is no longer as strong as it used to be in the second half of January, but the CAD remains relatively weak. It looks to me like this market could do with a bit of correction: probably down to 0.77, but if it gathers bearish momentum, it might go...
The SNB, or the Swiss Negative Balance, event has left the ccy markets shaky und unstable. The NFA delayed decision to hike the margin requirements has probably stifled volume in the CHF markets, which is expressed in a lower price range. Notwithstanding that, CADCHF is in one of the strongest down trends of all the majors and is in the process of making a...
In my view most YEN pairs have completed the bullish cycle from moving of the 2011 low. Hence many have formed a top or are in process of doing so. CAD has been on weaker spectrum of major currency group and this is evident from CADJPY. Please see below a monthly chart for big picture view - in which you will note that it has topped at upper end of the potential...
Pay attention to important news for CAD tomorrow, because the forecast for these news are not so good to this view.
This pair has shown it found value around the options expiration line below price as I type this. I expect it to retest said line, to then move higher up, reaching the previous week high at the very least. Look for a solid directional move up on the NY open tomorrow as confirmation, for now a limit buy at or around the options expiration line should be a good idea...
Masih terjebak dalam triangle pattern dan minor support, pair ini tidak berubah banyak. Apabila terjadi break up dari triangle pattern, maka target bullish pada minggu ini dilevel 0.8611 Apabila terjadi break down maka bearish target pada 0.8350 Analisa minggu lalu (last week analysis) :
LONG AT .786 AND WILL STAY LONG AS LONG AS IT IS ABOVE .786 FROM LOWER BOTTOM.
English : Minor support will be important level for this week. If this level can hold bearish power, medium bullish target at 0.8540 or at resistance trianle pattern. If this pattern break up, maximum bullish target at 0.8600 as double top. Pay more attention on triangle perform, if breakdown happen, bearish target at 0.8350 Indonesian : Minor support akan jadi...
Hi, As you all know the long term bias for CADCHF is bearish. Just look at the weekly time-frame. In the Daily time-frame we've seen a correction to the up side (that I called it A leg of a ZigZag) which lasted 201 calendar days. Now I've waited for the B leg correction and as time unfolds it seems to be a Symmetrical Triangle which has already shown its "d...