Price broke support and consolidated just under the resistance line. Last week 4h candle closed with a bearish pin indicating a short opportunity. This is a swing trade for me and targeting 300 pips or thereabouts. Happy new trading week guys.
Break & retest of the daily ascending trendline after price Made a double top above at weekly resistance. Price looks to have completed the retest & is showing some rejections at previous daily support now new resistance, where price may resume the downtrend & create a new lower low.
Here we need to wait for a rejection from the marked box.
The box consists of several price action criteria which indicate that we could see a short-term bounce/reversal.
Trendlines, round number, ..., 1H possible double bottom formation on the trendline and etc.
As said, wait for rejection on the 1H timeframe.
Feel free to support my idea post by hitting...
Today we have this beautiful CADCHF setup, after moving to the downside for a long time, now we have the chance to go long for the first time, however, before we can, we have some things we need to check first!
For a good and safe entry, we would recommend you to wait for a clean closure above our resistance level (you can look for entries in the...
I 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...
Buying the Swiss Franc has been our priority over the past couple of weeks as we saw
long contracts from the non-commercials increase significantly from the commitment of trader reports.
CADCHF has recently broken through the key lows and is currently pulling back to the minor resistance zone.
We can see multiple confluences at this point with dynamic resistance...
Area marked in red is the first area of interest for shorts. Anything above will just increase RR. Aiming for marked targets (or near). Stop loss will depend on entry, 0.76 seems the lowest one.
Idea depends on opening on Sunday.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
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CADCHF FOREX BREAKDOWN 05 MAY 2019
Bearish open towards previous weekly support level.
Expecting a reaction to the upside from this support level!
Overall Bullish moving market with a few small pullbacks and good long entrys now.
ENTRY @ 1.75480
SL @ 1.75160
TP @ 1.76150