Market pushes up to where the trendline and resistance line meets and then look for the short, also will be 3rd touch on the trendline so a definate short in my eyes. Tell me what you think.
CADCHF W3 MAY 2020 Short Setup Daily Falling wedge, may trade after a breakout HnS in play in smaller timeframe
CADCHF retracing back towards our respectable trendline, which also corresponds well with our 0.618 fib level, as well as the previous resistance area.
Wait for clear breakout and close of H4 candle below the highlighted area and then short the pair.
As salam alaikum Broken TL and Bearish Channel. Head and Shoulders formation can be seen. However support can be seen here too. Retracment can be seen here.. Let's wait for further confirmation. Make a SHORT here after confirmation.
aggressive H&S pattern. take profit price are proximate prices. it depends where to touch trend line (tp1) and where to brake trend line (tp2-tp3)
Building Rising Wedge closing below the trend line is a short and taking support support at Trend line is a good long . RSI is making retest on trend line which make this one more bearish we will see this next week for more confirmation. have a good and safe weekend
We are looking to enter shorts on the right shoulder on H&S pattern, which also corresponds well with the 0.618 fib retracement, as well as the 4H descending trendline.
Analysing on a bigger timeframe, the area of resistance is formed from a price gap (which makes for a strong resistance area), and has been repeatedly tested. To lookout for a bearish formation around this resistance, then wait for confirmation. It's a trade with a great risk to reward ratio
USDCHF Re-testing breakdown point of the ascending support.
CADCHF broke out of the support zone in which the price has been consolidating for a while and getting ready to sell to the next level of support.
The price reached resistance from 0.6980, tried several times to break, but the price failed. We've got the left shoulder, the head, and now the right shoulder's formed.
Explosion to the downside from the corrective wave
expecting the resumption of another sell swing on CADCHF. The risk is very low with potential of high profit as shown on the chart. If this idea is useful kindly like and follow. Thank you
CADCHF reversed off its resistance at 0.69861 where it could potentially drop further to 0.68783. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.