Hi Traders, The CADCHF has just completed a zigzag correction which retested a swing level that lined up with 50.0 Fib ratio and descending trendline. . The correction which is most likely wave (b) of Y of double zigzag pattern signals the continuation of the downtrend in the wave (c) of Y. . Considering that traditional technical analysis agrees with Elliot...
Hello traders! 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...
We broke and close a rising wedge continuation pattern on the last H4 candle close. Right now we are retesting the support trendline of the wedge. If we see a LL-LC after the retest (you can drop a timeframe to the H1 to look for this), expect price to move toward the targets. Move SL to B/E after TP1 is hit. Goodluck!
Anticipating a trend continuation breakout upwards following the EMA cross
the CADCHF broke the Trendline and retested it. now it is following a clearly downside movement to make an. double bottom togo bullish again. this downside movement is just a retracement for the current level. after 74.000 CadChf will rise again. to a target of 0.79. mason for this is that I believe that CAD has scope a strengthen further, extending its recent...
CADCHF is spotted moving in a downward channel, wait for confirmation to short this pair... its gonna be a big sell in a longer term...
Wait for confirmations before entering this idea. 1H and 4H candle confirmations is ideal.
CADCHF approached to resistance line.
Respected followers as we can see that CADCHF is moving below the 100 and 200 SMA and stochastic is overbought which means that CHF is going to be strong which pullback the market to downside.
We continue to follow the upward trend and recommend buying! We are above average moving 200, We are over Ichimoku cloud, the red line above the blue All of these figures point to a continuing trend of price increases Entry Price: 0.7490 (Waiting for a small price correction) Stop Loss: 0.7440 take Profit: 0.7595
BROKEN THE DESCENDING TREND LINE COMING BACK FOR A RETEST AT KEY SUPPORT LEVEL SO LOOKING TO BUY
Use position size calculator DO NOT RISK more than 1% SL: 0.73400 TP: 0.69800
Crosses are not directly affected by US policy. A clear support line with a stop below the September low gives me a 3.9:1 trade.
CADCHF reached strong trendline which previously pushed the price higher. The only problem i see is that CAD is very weak across the board. Will watch this one closely and follow my long setup strategy.