CADCHF time to short Risk Reward Ratio 1:2 / 1:3 GOOD LUCK If you have any idea, Write down on the comment. If you agree, do not forget to like this idea
The impact of Sellers in February 2020 (Bearish Impulse leg that lasted a month on the weekly chart - ) appears to be too strong for the Buyers to gain that confidence needed to invest in the CAD. With the present Head and Shoulder look alike, I shall be patiently looking out for a significant Breakdown of Neckline and Support level @ 0.69300 to hop in the...
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 right at support with a nice confluence, buy opportunity with good RRR
If you have taken this trade with us last week, make sure to move your stops to breakeven and wait for this pair to give us correction downwards and then will add more positions for buys again. Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns ,...
Despite the Bullish run (Corrective move) from late July 2020; The anticipation of negative numbers and economical dent from Unemployment rate and Net Change in employment was not a convincing yard for a continuing rally. Price broke out of my Key level in the beginning of the week only to Break down and close below this level in the latter part of the week...
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Pattern: Channel Down on 1D. Signal: Bearish as the price made a Lower High. Target: 0.73850 (symmetrical support).
Pattern: Bearish Megaphone on 1W. Signal: Bearish as the price was rejected on the Lower High Zone. Target: 0.73850 (primary) and 0.73000 (extension).