Cad-chf
Continuation trade short 5/16/2019I managed to trade this short twice already and should still be in this trade. There is not much volume right now on the pair but thats partly why I like it. Less manipulated.
This is a continuation of analysis done two weeks ago and this week. Re entering short on current retrace up.
What do you think about CADCHF? Any fundamental reasons I am wrong or right? Lemme know
CADCHF - SWING - 05. MAY. 2019WELCOME TO DACAPITAL-TRADING!
CADCHF FOREX BREAKDOWN 05 MAY 2019
1 HOUR
Bearish open towards previous weekly support level.
4 HOUR
Expecting a reaction to the upside from this support level!
DAILY
Overall Bullish moving market with a few small pullbacks and good long entrys now.
SWING SETUP
BUY CADCHF
ENTRY @ 1.75480
SL @ 1.75160
TP @ 1.76150
RR: 2.00
(Use normal Risk!)
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CADCHF: Bullish break-out. Targeting the 1D Resistance.The pair just broke the 0.75480 - 0.75570 4H Resistance Zone, which is a technical confirmation of a bullish extension. The obvious target is the 0.76200 1D Resistance. Since 4H is trading within a Channel Up (RSI = 68.638, MACD = 0.001, Highs/Lows = 0.0031), if the Higher High doesn't break, we may pull back towards 0.75300 before testing 0.76200.
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LONG CADCHF Approaching Support, Prepare For A Bouncer ago
CADCHF is approaching its support at 0.7464 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 0.7514 (50% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
is approaching its support where we expect to see a bounce.






















