First of all I would like to wish to every one who reads this a good year with lots of success and happiness. Now let's get in our topic. CADCHF has not really recovered from the covid market crash, which indicates a slow but steady - yet predictable - direction. We are watching price moving in an ascending channel since the start of August. So for the time...
This is monthly chart , line charts give the best price action . we have inverted H&S on the monthly chart and only 6 trading days to go for completion of the monthly candle. ONLY FOR EDUCATIONAL PURPOSE IF YOU LIKE THE IDEA PLEASE COMMENT AND SHARE THANK YOU
As I published early this week, tomorrow will be the Bank of Canada's meeting, the market doesn't wait a particular change, so the reaction of the pair USDCAD , will be affect by the stimulus and economy outlook.
After breaking out of 4hr wedge pattern, expect pair to retest trend line (with Fibonacci and market structure confluence) then continue downward
Looking at the possibility of a breakout continuation trade. 79.52 is the key level to watch for to see if price holds. As price pulls back to this level, I want to see how much it slows down. If it fails to make a significant breach below this level, it would be possible to buy into this pair.
Strictly from a technical standpoint, we're seeing the 1.36675 level fail to hold. Price has tried to trade above this level multiple times, but each time it has dipped quickly below it. The initial target is at 1.3515 with a more optimistic outlook down to 1.3384 even. Won't be going too much into how I plan on scaling this trade, but we'll be observing the price...
CAD/CHF is looking to break out of consolidation using 0.71264 as support and continue in a uptrend towards the daily 200ma.
- Admittedly, I made a premature entry earlier this week as I expected price to hold below the 1.4151 level - Current fakeout where price crossed above this level very briefly and then crossed below it is a good signal that we can expect further downside ahead - Before making a short entry play, we'll need to eye the 1.4118 level as we could potentially see this...
As we see in the graphic, EURAUD has done a fake out in the simetric triangle, after of this we can spect a first fall to the monthly KL, an a acumulation in the same monthly, after of this, the fall will be as least as big as I marked in the graphic, so i will wait until monday to go in, if the confirma<tion (another retest in 61%) is done, enter to the value! i...
Hello world, this is my opinion on CADJPY. Its good opportunity for me to buy.
Short, Sell USD/CAD Entry: 1.32547 Stoploss: 1.329 (-36 pips) Tp1: 1.315 (+107 pips) Tp2: 1.3 (+259 pips) 11:07 am CST 11.14
CAD CHF + Daily Trendline broken + Good Bullish Momentum + Fundamental strong CAD + Waiting for a Break and Retest Scenario - CAD Interest Rate Decision, not the best for SwingTrading, if we hold rates we can see really good momentum to the Upside! Risk to Reward: 1:2,25 5000€ Account 50€ Risk 125€ Reward
D1 -->> pullback to support --->> a break below the cloud invalidate buying CAD