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
SELL @ 0.76550
Sl @ 0.76935
Tp @ 0.75000
Price has rejected off the parallel channel and has broken trendline. Its currently retesting the trendline. Expecting further weakness as i expected CHF strength soon ( CHF INDEX analysis in group - link below)
Confluences
1. Broke the Trendline
2. Daily New downtrend
3. New weekly candlestick low
4. Broke the inner trendline in downtrend
Looking to react in lower timeframe to these two entry points. But, still high probability the price will go in 50% FIB due to Daily lower high and broke the inner trendline.
SELL @ 0.76140
Sl @ 0.76540
Tp @ 0.74600
Price has come back up and created a double top. Expecting further weakness as CAD index has reached a resistance zone & CHF index seems to have lost bearish momentum and has started creating wicks indicating price may reverse soon.
Safest entries on break of trendline.
Posted CAD index earlier as it was approaching the top end of the parallel channel. Got the big push down as expected hence why majority of the CAD pairs have had a huge push downwards. Those of you that was following the FREE group in the link below would have caught CADCHF as CHF index was also looking ready so i chose that pair to enter.
We may get a retest...
SELL @ 0.76140
Sl @ 0.76540
1st TP @ 0.74700
2nd TP @ 0.73600
CAD index has reached the top end of the parallel channel and has rejected. Expecting a push up from CHF index too.
SELL @ 0.74600
Sl @ 0.74830
1st TP @ 0.73200
2nd TP @ 0.72100
Price is approaching trendline on the daily timeframe which i expect rejection from (eventhough price pierced through and came back down before) as the indexes look ready for reversal very soon.
Expecting CAD weakness & CHF strength soon.
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 has broken trendline and is now being held down by the 50day EMA ( 2 hourly timeframe). I expect a retest before further weakness. CAD index also broke trendline and is due to retest before further weakness which will push this down. CHF index sitting at structure level + .50% fib ( daily timeframe) and i expect a push to the .618%.
SELL @ 0.74400
Sl @...
SELL @ 0.75200
SL @ 0.75510
TP @ 0.73200
Expecting CAD weakness soon. CAD index has a tiny bit of space left to move up before reversing which will also push CADCHF to our entry zone.
#CADCHF
Market continues to fall from same falling resistance for certain time. Again it is not able to cross that line. So we have a good chance to get some 50-60 PIPS profit in sell.
CAD-CHF has retested the descending and horizontal resistance at0.7300
Because the level is strong
I expect a bearish reaction
With the target is to support below when 0.71800
