Support 💪 Trend in Detail | Finschool
Support is the level at which demand is strong enough to stop the stock from falling any further. Each time the price reaches the support level
FX:CADCHF
As you can see that, CADCHF has creating a Double Bottom and take entry if it breaks the drawn neckline and wait for the retest entry. It is for monday (31-07-2023) Plan your trade accordingly...
CADCHF Buy Trade opportunity
Currently, it changed the trend from Beaish to Bulish, and it recently breakout the short-term resistance line its good opportunity to take a buy trade here with the target next resistance area.
Technical View:-
After Broke Trend Line Price not Sustain Above higher Level and Also Price has given pennat breakdown.
In this pair We could see downside up to last Swing Low..
OANDA:XAUUSD
1) XAUUSD - GOLD 4HR TF
On 4h TF we can see it made bearish flag and pole pattern and gave breakdown of it.
1865 is critical flip level. And as of now we can see it made clear 1860-1870 range.
As of now major trend is bearish for Gold.
Please refer below 4hr TF chart
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2) GBPUSD-...
Buy cadchf at @ 0.72678
stop loss 0.70800
target1 0.73688
target2 0.74540
target3 0.75392
target4 0.76466
target5 0.78549
target6 0.80037
Trading idea based on pure price action if you like our idea please follow me and support me
I am looking to buy #CAD CHF# this week,, Expecting an retracement 0.75000 and continuation to the upside. We have confluences with major HEAD AND SHOULDER reversal pattern and price broke major resistance level and closed above with support and creating strong resistance with rejection. thanks.
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7795).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Looks like CADCHF is going to break the current uptrend
I am looking for a good sell setup with a R:R of 1:6
I CAN BE 100% WRONG SO IF U WANT TO TAKE A TRADE AFTER LOOKING AT MY TRADE IDEA KINDLY DONT RISK MORE THAN 0.50% PER TRADE
CADJPY Buy trade opportunities
It has broken the Resistance trendline and closed above with a very strong Bullish candle its a good opportunity for long with very good risk-reward ‘Always trade with Stop Loss "
