CAD - BULLISH 1️⃣ Prime Minister Trudeau unveiled a plan to help the economy recovery from the coronavirus fallout, including a commitment to extend wage subsidies until next summer, and support for industries hardest hit by the pandemic. 2️⃣ The upbeat market mood at the start of the week seems to be making it difficult for the safe-haven USD to find demand. ...
Looking to go long on a pullback to retest the broken resistance which is now acting as support in confluence to our respectable ascending TL and 0.5 fib retracement.
CAD / CHF when we look at the monthly timeframe, we can see that a proper retest has not been done. So we can definitely expect this pair to go long. Before that, the price should be lowered even more.
Critical Point. Strong W,D,4H Rejection Zone. 0.5 Fib Level Wait for breakout.
After breaking the ascending triangle we began to see bearish momentum but that soon slowed down and now it looks like the price has failed to continue the downside and we are in the process of a structural shift indicating a potential buying opportunity. COT DATA - 55% Short
Looking for some bullish CAD throughout the week.
Long : 0.689 Stop : 0.68400 Target : 0.69 , 0.695 , 0.70
we are very close to demand zone and price also making good bullish divergence on RSI
Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: on breaking resistance targets: 0.7042 - 0.7065 after first target reached move ur stop to breakeven stop: (depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 4 Good luck Follow me on TRADING View, if you don't want to miss my...
- Lower lows, lower highs - Break of 50MA on the daily - Recent cross of the 50/200MA on the 1hour - Pullback to 0.786, should tap the 50MA
CADCHF right at support with a nice confluence, buy opportunity with good RRR
Price has been in a clear steady uptrend with higher highs & higher lows. We are waiting for price to retest the indicated broken level for buy entries.
Long: 0.69020 Stop : 0.68712 Target : 0.69300 , 0.69600 , 0.70
Open Position: Buy 0.69278 (valid until 04.09.20) Take Profit: 0.69651 Stop Loss: 0.69071