If price form a bullish candlestick signal we will look for a buy setup. Expecting level 1.618 will act as a support with the lower trend.
Our target will be 1.272 and around 0.618. Then we will wait for price to break or bounce from the upper trend line where our target is. Sl will be below 1.1618.
This setup up will be invalid if price continue to go downward...
Price just broke out from a flag, expecting price will continue to move downward after price retest the small resistance closing with a bearish candle. This is where we will enter our position. SL above the smaller resistance. Price might retest the upper resistance line before going down. Our ideal entry will be there. Tp will be the support and below the support...
A good opportunity for a long, we can see there's a double bottom and a breakout from a triangle. Price now at the potential support zone for a retest. Setup will be invalid If price close below the smaller up trend line. Then we will consider for a short targeting the bigger down trend line
Let's wait for H4 candle to close before entering any position.
Potential Double top pattern. Short if price close below the resistance, wait for break below and a retest will be our ideal entry. If price close with bullish candle signal on daily, we will wait for a new signal and short trade might be invalid.
If price close above 0,382 this setup will invalid.
Waiting the price to from a bearish candle pattern below 0.382 and enter few small lot position first. Will add position after price broke the yellow line or close below 0.5/0.618 or any sign of strong downward signal.
Sl will be above each level of entry. Tp will be 0.618, 1, 1.272 and lower
CADCHF H4,H1- Our target will be 1, 1.272 and lower depend on price action on higher timeframe . SL will be above the resistance (0.5)
Price have the possible to form a head and shoulder. if it break the resistance near 0.5 and break above it.
What will make this bearish setup invalid? If price close above 0.5 and continue upward to for a Head and shoulder.