AS WE ARE LOOKING TO BUY CHF/CAD WE COULD BE LOOKING AT THE CONFLUENCE OF PAIRS WHERE CAD/CHF SHOULD GO DOWN. USE GOOD RISK MANAGEMENT.
just recently taken a long trade on USDCAD. Reason - break and close above major structure resistance + formation of double bottom + rsi divergence. T1 - 1.3068 T2 - 1.3120 Stop - 1.3015
The price bounced from 10-Month High and than pullback to Mirror Level 0.92057. We can open short term SELL after fake break of this level and close daily candle under it.
The price bounced from 10-Month Low 3 weeks ago. It is huge chance that the price will grow. We can see the fake breakout on weekly chart. Potential profit will be in 3...8 bigger than risk.
MIDAS Trend Signal The Hidden Market Order
The pair has been on a non-stop rise inside a 1D Channel Up up until Friday that it met the MA200 (orange line). This has initiated a bearish reversal on the previous 3 occasions since December 2018. Most likely it will have a similar effect and we are choosing to sell it with a TP = 80.585. If the MA200 breaks, the price may then seek the 1W Resistance (85.250)...
we have to wait for a breakout to go long or short in this trade so we're gonna see on the lower timeframe for an opportunity Good Luck!
Hi there. Price is moving impulsively to the downside. If you are not in, wait for the price to form a continuation pattern on lower time frame and watch strong price action for sell.
The pair has been selling off since June, loosing more than 500 pips. The weaker dollar is due to the fact that the US indices inventories favour a bull run, fuelled by the optimism that Feds will be cutting interest rates this month and the current impasse of the trade wars. Thus, the trading volume is steady, and we are likely to experience more downside...
USDCAD is approaching 1.314 structure resistance. on 1 hour chart price started to coil and we see a clear rsi divergence. my plan is to wait and sell bearish breakout of 1.312 level. T1- 1.3102 T2- 1.308 Stop - 1.3145
We can open BUY after break of Key Level 1.31408 and pullback to Buy Zone.
The price have made a fake broke of Historical (October 2017) Low 1.63500. We can open BUY at the time. Potential profit will be in 5...10 times bigger than a risk.
The price have made a fake broke of 2-Year Historical Low 1.63500. We can open BUY at the time. Potential profit will be in 3...7 times bigger than a risk.
By Andria Pichidi - July 10, 2019 Bank of Canada’s announcement is expected to result in no change in rates and a repeat of the data-driven mantra. Given that recent data has been consistent with their ongoing view that the economy is on the mend from the Q4/Q1 weakness, the takeaway should be for continued steady policy through year end. For example, the latest...
9+13 Exhaustion Pattern on the top of the Channel indicates a potential trend reversal. We now need a closing below support to generate a Sell Signal. The Hidden Market Order for MT4
Pattern: Channel Up on 1W. Signal: Bearish as the price is approaching the Higher High. Target: 6.4500 (near the Higher Low zone).
The price action was moving within a symmetrical triangle and after hitting the support it made double bottom at the support of triangle. In the meanwhile the price line had also completed the formation of gartley and entered in potential reversal zone moreover the volume profile is also showing a very low interest of people to trade below that area. The double...