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 Long Setup 👉🏻 Interesting zone will be looked out for at around 0.72300. I am currently in a short term sell position to catch some of the wave-c Daily Idea
Confluences a. Previous weekly closure - shooting star\ rejected 0.72000 major psych level b. Daily FIB 38.2 from push c. Key level d. Break of trendline
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
CAD - Bullish 1️⃣ The BOC is expected to announce the next tapering of the QE program to CAD 2 billion a week from CAD 3 billion a week. 2️⃣ The rapid vaccination program undertaken over the past few months has rapidly boosted the commodity market and the job market, reflecting a good economic recovery. 3️⃣ The recovery in oil prices helped the rise on the...
A buy position shows itself well in a triangular pattern.
CADCHF has seen a bullish breakout from the descending trendline resistance-turned-support, and RSI is holding above the ascending trendline support as well. We could see a bounce at Buy Entry, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal overlap support, and rise towards 1st Resistance, in line with horizontal swing high...
This could potentially just be a day trade if it goes in our favour. 3 tps altho its a under 100 pip trade. The 3 tp values are just to help trail your SL. if it hits SL fret not. we have brand new data to take our next trade!
CADCHF is holding above the ascending trendline support, and RSI has bounced from the support level where we have seen price bounce from in the past. We could see a further rise above Buy Entry level, in line with 50% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal pullback support, towards Take Profit level, in line with 50%, 161.8% Fibonacci...
Price is testing 1st support, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support. We could see a bounce and further upside towards 1st resistance, in line with 127.2% Fibonacci extension and horizontal swing high resistance. RSI is also testing the lower support where price has bounced before in the past, showing...
THEORY This is an impulse move of the Daily timeframe, Wave 3 having been extended and completed. Wave 4 zone A retracement at 0.38 of the impulse move Wave 4 zone B retracement at 100% of wave A corrective lower timeframe WAVE 4 zone C wave count (3 wave internal structure) 5 WAVE DONE CONCLUSION THE CURRENT PATTERN IS A RUNNING FLAT WHICH HAPPENS TO BE...
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, back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep...
The price has been trading in a consolidation channel since the first week of May. Finding rejection from the channel's support level the price might get in control of the bulls. Manage your risk properly, and keep in mind today's BOC (Bank of Canada)rate statement and WTI crude oil inventory. -- *** If you like the idea, please don't be shy and click on the...
CADCHF Just Presented A Buy Opportunity Here::: Expecting Support (Purple Line) To Be Respected At These Low Levels Atleast Until We test The High Highers It Created On The Previous Move On 15 TF... Ideal Trade On Chart With SL & TP Indicated.....
Now price is near the strong trend line, it will touch the trend line and go up till 0,752 Price - 0,74295 Stop Loss: 0,74200 Take Profit 1: 0,74624 Take Profit 2: 0,74878 Take Profit 3: 0,75000 If you have questions just ask,...
CADCHF IS FOLLOWING A LONG TREND, WAIT FOR THE OPPORTUNITY TO BUY. NEVER GO AGAINST THE TREND.
TARGET 0.73900 ANOTHER SELL OPPURTONITY AT 0.75200 Please consider to put a like to my idea for supporting me & subscribe for more ideas. Idea is not the financial advice!