Hi Traders, Expecting the market to go down all the way to the fibo retracement level
CADCHF expected to rise up to 1st resistance at 0.75262 where it could potentially react off and drop down to 1st support at 0.74812. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Cadchf has broken the channel and it has already retested the trendline. On retest it show very good rejection. As it can be seen in the chart below: THe second thing that gives me confidence about selling at this point is the head and shoulder formation which has been confirmed by the breakout of neckline and retest. I have placed a sell here and I have my tp...
You can clearly see a head & shoulders pattern on the h4 or daily timeframe. I am now waiting for a double top on the h1 or a fakout on h4. Wait for price action. Do not enter the trade immediately! Other confirmations to sell: Price broke supply -> now demand lower low created -> waiting now for lower high I set TP1 & TP2 based on fibonacci. I will risk...
With CAD retail way below the benchmark and CHF at the top of the strength chart AND UJ Seasonality all geared up, this oppo is a no brainer.
CADCHF is expected to drop to 1st support at 0.74530 where it could potentially react off and up to 1st resistance at 0.74983. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
We have seen a head and shoulders pattern form on the hourly. Price is currently showing rejection from the .07500 psychological level so i will be waiting for a retest of broken trendline before entering.
CADCHF is expected to drop to 1st support at 0.75335 where it could potentially react off and up to 1st resistance at 0.74753. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Cash sell on rally in CADCHF as it is forming a Head and Shoulder pattern in the 4 hours chart. The pair remains bearish after hitting a tip of the right shoulder at 0.7570. It is likely to continue the southward journey towards the support of the pattern at 0.7480 level. Trade Information: Sell : 0.7532 SL : 0.7570 TP : 0.7480 Risk Reward: 1.23
A very perfect head and shoulders. Good luck and follow me for more!
Looking for selling opportunity on this pair once right shoulder is completed
PRICE JUST HIT A STRONG RESISTENCE ZONE + TRENDLINE = POSSIBILITY TO SELL TO THE SECOND SUPPORT
We can see clearly that we engulfed previous week. That means that 0.7400 is inevitable. Daily wait for a retracement, sell around 0.7550 cuz it's a zone when all sell orders were made. Follow for ronizfx for more analysis.