CADCHF trade ideas
Cup and handle pattern, CAD/CHFCup and handle pattern
William O'Neil's Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. There are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom.
CADCHF SELLCADCHF
Before Entering Trade do Your own Analysis it's Only for Educational Purpose
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Rules to follow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
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💡Don't miss the great sell opportunity in CADCHF
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7768).
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 29.
Take Profits:
TP1= @0.7728
TP2= @ 0.7699
TP3= @ 0.7681
TP4= @ 0.7659
TP5= @ 0.7617
SL: Break Above R2
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💡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 ❤️
CADCHF Trading Plan - 01/Feb/2022Hello Traders,
Hope you all are doing good!!
I expect CADCHF to go Up. (Manage your trade aggressively as we are trying to trade the correction within correction)
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea