Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Weak economic data and pressures on the oil market are taking a toll on the CAD as it continues to find it difficult to raise the bar. The sharp fall after reaching a peak of 0.70000 appears to hold ground. Tendency: Uptrend ( Bullish ) Structure: Trendline | Supply & Demand| Reversal Pattern (Head and Shoulder) Observation: i. Even...
CADCHF 1H Projection RR: 1.61 #TradingCircleIdeas #FollowRiskManagement
Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: on breaking resistance targets: 0.7042 - 0.7065 after first target reached move ur stop to breakeven stop: (depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 4 Good luck Follow me on TRADING View, if you don't want to miss my...
Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. We got impulse, further movement upward will be continue, open a position on a retest of a broken channel targets: 0.73 -0.75 - 0.77 after first target reached move ur stop to breakeven stop: 0.69 (depending of ur risk). ALWAYS follow ur RM...
Base on current price action, I'm looking for some bulls in the NY session. Waiting on this retest.
Looking for another bearish drop at least to the next support.
Market sentiment seems to be on the positive side at this time, risk-on currencies could see some positive upside move throughout the rest of the Asia session... however we could see a change during the EUR session so I'm looking to sell CAD anticipating a bearish market mood and continuation of the downward trend.
Looking for price to retest support line for a take profit level.
Disclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money...
CADCHF is currently creating a beautiful Head and Shoulders formation. Price has already broken bullish trend. More risky possibility is to open sell entry now and put your stop above resistance or safer one is to wait until price breaks neckline to take short.
Hi Guys, hope you all had a great weekend and are well in your health. I am looking at FX:CADCHF for a potential further push down bearish. Before price moves bearish, we may see price retrace creating a great opportunity for entry. Entry, stop loss and take profit levels have been marked. Between take profit levels 1 and 2 , you would be looking to scale...
Wait for clear breakout and close of H4 candle below the highlighted area and then short the pair.
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)
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.