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CAD (Canadian Dollar)

CADCHFBeautiful trade setup, very nice and easy to understand. I posted it in video analysis. However I must be honest with you, I did not get into this trade as I was satisfied with my EurAud position. Let me explain what happened, so as you can see we are trading high in the market and into one sell zone. Price is struggling to continue higher and it was consolidating for a while. I wanted to see the break of that so-called trendline and, if not, a structure point break. Look good at the picture and read the price action and you will see how it all aligns. Two perfectly valid positions came across and price fell down into out TP zone. There is some more minor details to say but I think that is more than reasonable explanation. T
Short
by Tilen_FX
1
Levels and Zone: 🪙XAUUSD |💱GBPUSD|💱AUDUSD|💱GBPJPY|💱CADCHFOANDA: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 ________________________________________________________ 2) GBPUSD- 2HR TF Please refer below 2hr TF chart Chart shows clear two scenario as of now. ________________________________________________________ 3) GBPJPY- 4HR TF We can see clear range on 4hr TF. Breakout of 159.75 will be good opportunity to go long. Till then it is scenario of sell on resistance and buy on support. If resistance taken out then it will be long trade and if support taken out then it will be short trade. Please refer below 4hr TF chart ________________________________________________________ 4) AUDUSD- 4HR TF On 4hr TF it made rising wedge/ bearish flag and pole pattern and gave breakdown of it. It has many supports till 0.6860 level. Breakdown of 0.6850 will be more bearish. There will be also chance that it will bounce back from that support. Please refer below 4hr TF chart ________________________________________________________ 5) CADCHF- 4HR TF It as of now it gave breakout of triangle pattern on up side. If it comes down to retest upper line of triangle pattern and makes any bullish candle there on 30 or 1hr TF then go long with SL of low of that bullish candle. Please refer below 4hr TF chart ***************************************************************** Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with SL as per your risk appetite and also take position as per your risk capacity. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
OANDA:XAUUSD
by Trading_hawk
💡Don't miss the great sell opportunity in CADCHFTrading 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 dynamic support. . The RSI is at 48. Take Profits: TP1= @ 0.7711 TP2= @ 0.7661 TP3= @ 0.7617 TP4= @ 0.7564 TP5= @ 0.7470 TP6= @ 0.7365 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
2
💡Don't miss the great sell opportunity in CADCHFTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.72093). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 33. Take Profits: TP1= @ 0.71859 TP2= @ 0.71687 TP3= @ 0.71479 TP4= @ 0.71284 TP5= @ 0.71020 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME