this pair formed a valid trendline with 3 touches on H4 timeframe
now we're waiting for a momentum candle to close under the 3rd touch of the trendline so we can enter a sell position
Good luck
Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
CAD/CHF has started this week's session with a great Bullish movement crossing all the daily resistance lines and seems to be gaining more momentum by the hour.
the bulls...
Here we have cadchf as we can see it has been taken support at the lower side we have form here I am looking for long position from here
Say yourself to motivate
Treading is very easy
And I will control my emotions here
price makes a movement and now it looks like make a double top and last movement in little time frame price already make a double top and already breakout the neck of a double top, now maybe price will breakout the neck of the double top in 1H time frame.
CADCHF looks like it is setting up for a short. After a long macro downtrend, price finally found buyers in April. Now, after testing the Weekly bearish order block, price is working its way down again, making LLs and LHs. The current D1 candle is bullish, but this may be only the short term. I believe price will reach the 1H bearish OB, and continue the...
CADCHF has reached the bottom of a range and a support zone.
Market has also retraced almost 50% of the last swing (Mar '20 - Mar '21).
We can be looking for a long here.
#CADCHF
The MArket has been oversold and also on ascending support as in longer timeframe market is moving in a falling wedge. So from the support level, i am expecting the market to buy for 70 to 80 PIPS.
The price has been falling steadily lately and is currently approaching the support / resistance zone (0.7280-0.7250)
I expect a slight correction in this channel and further rise to 0.73850 where the price will meet a new resistance zone.
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
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
