Possible Bullish Breakout on CAD/CHF Hi Traders
CAD/CHF (H4 Timeframe)
A high probability, to go LONG is forming @ 0.74762 after the market found support @ 0.74069. Only the downward break of 0.74069 would cancel this bullish scenario.
Trade details
Entry: 0.74762
Stop loss: 0.74069
Take profit 1: 0.75127
Take profit 2: 0.75780
Take profit 3: 0.76845
Score: 10
Strategy: Bullish Breakout
Cadchftrend
CAD/CHF Multi-Timeframe analysisHi Traders
CAD/CHF Multi-Timeframe analysis
H1 CHART ( BULLISH )
A very high probability, entry signal to go LONG was given at 0.71104 after the market found support at 0.70829 . Only the downward break of 0.70829 would cancel the bullish scenario.
Support & Resistances
0.70789 0.71094
0.70455 0.71331
0.70165 0.71621
H4 CHART ( BULLISH )
A very high probability, entry signal to go LONG was given at 0.71104 after the market found support at 0.70829 . Only the downward break of 0.70829 would cancel the bullish scenario.
Support & Resistances
0.70789 0.71094
0.70455 0.71331
0.70293 0.71621
DAILY CHART ( BULLISH )
A medium probability, entry signal to go LONG was given at 0.70611 after the market broke the resistance level at 0.70611 .
Support & Resistances
0.70224 0.70550
0.69035 0.71444
0.68610 0.72959
WEEKLY CHART ( BULLISH )
Waiting for a retracement lower towards the 0.70070 support level, in order to reinstate LONG positions. Next important support is the 0.68165 level.
Support & Resistances
0.70070 0.71194
0.68165 0.72008
0.67449 0.72512
CAD/CHF, we are looking for a another solid shorting opportunityCADCHF 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.
CADCHF Support Levels Breached - Next Support Is T/P Target NowWe sure did see a lot of volatility today, didn't we? Well, here we are now with a new short position in CADCHF, with 2 strong support levels breached in this pair. The next support level has become the target level for take-profit. This level is 0.69050. I don't see this pair making a big move otherwise.
CADCHF SELL Swissy is looking strong across all pairs, currently having a minor retracement, looking to hop on the continuation downwards for this particular pair. Wait for multiple 4 hr candle body's to close which are showing rejection of the purple zone given. Taking this all the way down to the -61.8.
265 PIP GAIN 9/1 RR












