CADCHF facing bearish pressure from descending trendline resistance which is in line with horizontal swing high resistance, 50% Fibonacci retracement, and 78.6% Fibonacci extension. Prices might push down further towards horizontal swing low support which coincides with 161.8% Fibonacci retracement. If prices push up further, prices might face resistance from...
===== MARKET OUTLOOK ===== CAD- BEARISH 1️⃣ COVID-19 continues to rage across Canada with vaccinations very slow. 2️⃣ PM Trudeau said third wave has taken turn for worse. 3️⃣ Declining oil prices undermined the CAD. CHF - BULLISH 1️⃣ CHF benefitted by renewed surge in coronavirus cases and a slow pace of vaccination. The US Food and Drug Administration...
Hit 5-1 on this trade took about 3-1 on partial allowing this to do a little retracement hopefully hit the long goal of 12-1 sometimes trading can be so easy don't over complicate it guys
CAD - BEARISH 1️⃣ COVID-19 continues to rage across Canada with vaccinations very slow. 2️⃣ PM Trudeau said the third wave has taken turn for worse. 3️⃣ Declining oil prices undermined the CAD. CHF - BULLISH 1️⃣ CHF benefitted from a renewed surge in coronavirus cases and a slow pace of vaccination. The US Food and Drug Administration recommended states pausing...
#CADCHF HERE IS THE POSSIBILITY ON CADCHF
CAD / CHF is a long-awaited short. Finally, on the 4h timeframe, the structure that was at 0.73300 broke through. So the chances are high that this pair will go even further down.
#CADCHF could continue the downtrend
We can expect a retracement because the price over extended.
A quick update of one of my previous analysis. The price is moving in our favor. I WILL POST THE LINK OF THE TRADING IDEA BELOW. I HOPE YOU LEARNDED SOMETHING.
Hi Traders, This is my view on this cross for the next few days. #CADCHF 1. Wait for today’s closing blow support 2. Wait for the retest of the structure (which is 0.382 of Fibo) 3. Wait for a trigger SELL 1.74156 SL 0.74720 TP 0.73030 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated...
CADCHF is breaking the trendline. waiting confirmation and entry structure
CAD - BEARISH 1️⃣ Oil prices sank 3% on Tuesday, with WTI crude trading below $60 a barrel and Brent about $62.7 a barrel amid escalating worries that the third wave of COVID-19 cases in some countries in Europe and slow vaccine rollouts in the continent will hurt a recovery in fuel demand. CHF - BULLISH 1️⃣ Concerns about a surge in COVID-19 cases and vaccine...
CADCHF short setups, trend recently reversed to bearish. We can expect trend continuation on the current 4h and 1h setups, if this doesn't workout then we can look for a pullback to the broken zone that helped to set the new bearish trend. Both of the short setups drawn are not exactly what I would look for, just a toss up for the ideas, would need to adjust the...
fib retracment is lining up accordingly. Price broke previous support as well.
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