It's not late to jump in and ride the short term wave for 60+pips.
Strategy: Shift in Direction
There is BOS and Correction to 78.6% fibo level of the swing that caused the break. I expect price to grow to my target 2, but first, i have to cover the cost by taking profit in-between.
LET ME KNOW HWAT YOU THINK (LIKE, COMMENT AND FOLLOW ME PLEASE)
Hi everyone this is my trade set up for the CAD/CHF
This is my analysis only please trade with caution and risk management in place
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
good luck for this weeks trading
please like and comment both are welcome thanks
Is CADCHF set up to go LONG?
First we look at the Monthly and we see a 10 year trend connecting tops was broken in 2017 and the market has been ranging since 2014.
We are now in the middle of that range.
We see the low in Jan 2016 was surpassed in March 2020 when Covid 19 broke out, symbolically hunting out the stops and taking out the early buyers.
The...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
We do have a W pattern formation on the Weekly. We are looking into a neckline retracement before the move to the upside.
We can see on the COT - Commitment of Traders, which is what Hedge funds and the non commercials so the biggest in the market are doing. Where we can see...
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 :)
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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...
