On the DAILY chart the trend started on May 4 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.6799.
But do not forget about SL = 0.6474
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested. Thank you!
Good luck!
Regards, WeBelieveInTrading
PRICE ACTION ON CADCHF moved impulsively from a reversal wedge formation and has also printed a head and shoulders for confluency..
looking forward to short the current continuation flag like formation on the break with stops just above the top
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: Here I expect bearish price action as we can see that price filled the imbalance, took the liquidity above equal highs and then rejected from bearish order block. My target is the imbalance lower.
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Here is my view for CADCHF on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: We are here in a bearish market structure from daily perspective. I expect bearish price action from here as price filled the imbalance, took liquidity above equal highs and then rejected from bearish order block + institutional big figure 0.67000.
Like, comment and subscribe to be in...
in cadchf, price is looking to break the resistance zone. after breakout, price will increase up to the undervalued fair value gap zone.
if a valid breakout of resistance zone does not happen, then this setup will not be valid.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CADCHF is trading at all time lows area. Checking out the price action, the price is trading in a DAILY FALLING WEDGE PATTERN which is a BULLISH reversal pattern.
Once daily closes above the falling wedge, a LONG can be initiated on
1. Breakout of falling wedge,
2. Retest of falling wedge as support after the breakout
There is also BULLISH RSI DIVERGENCE, which...
Price has made a Bullish divergence. If the price breaks the previous LH it will be trend reversal. Bullish divergence is a clear indicator of trend reversal.
CADCHF looks to be in a Bearish Channel & looks to be reversing on the downward trendline. Will look towards the lower timeframes for more confirmation.
CADCHF is showing a Bullish trend reversal because of bullish divergence, hence we will take buy stop trade at the break of the previous HH and Stop loss at previous HL.
