CADCHF trade ideas
CADCHFCadchf ⚠️Wait for breakout⚠️
A strong support and resistance level is holding the price, its hard to predict the next move but we can wait for breakout to palce the trade in the right direction.
CADCHF ANALYSIS!!!This pair closed at a good level on the daily chart with an indication that you can take a long position in this pair if this happens...
At this position, we have to see the market reaction. If we see a daily close as a bullish candle then we will be taking a long here but we have to see if this support holds.
If it holds, then we can take long to our initial target of 0.71125(Target 1) and final target will be 0.72400
ADX also, still bullish biased but a confirmation for uptrend is needed here.
Don't miss the great sell opportunity in CADCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.703). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.6968
TP2= @ 0.6916
TP3= @ 0.6800
SL: Break Above R2
CADCHF WITH EITHER SIDE BREAKOUT There is a possibility of breakout on either side on CADCHF D1 chart, be ready for both the possibilities to gain a minimum of 100 pips, most probably it’s going to break downside, but we always suggest to trade with breakouts, and exit the trade when the heiken ashi candle turns to the opposite color, no need of TP, just keep trafi long your SL
CAD/CHF short positionin frame 4h the price made head and shoulders so there high probability the price go down
CADCHFwe are seeing price broke from the 61.8 Fibonacci level and went again to retest, the uptrend line was also broken
price is also undre the EMA and SMA moving averages we expect it to continue more down
CADCHF - 05/11/2020We will wait to see how the market opens on monday; if see price above 0.96801 we go long else if we see price below 0.69562 we go short with caution as the potential level is pretty close to the entry and would be tight.
RSI has shown an indication of upward exhaustion.
CADCHF at a major level ,lets look at the price reactionCADCHF is rallying towards a major buy zone , although the rally is very strong , but that level is strong too , if the price reacts and creates a pattern like engulfing , pinbar , hammer - we can take a entry , with a minimum 1 : 4 risk reward ratio
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6905). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 0.6978
TP2= @ 0.7045
TP3= @ 0.7145
SL= Break below S2
cad chf Break the rectangle expect upwardsOn the daily time range, the pair is proceeding according to a bullish channel
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6820). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.
Take Profits:
TP1= @ 0.6940
TP2= @ 0.7123
TP3= @ 0.7265
SL= Break below S2
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.7290). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
Take Profits:
TP1= @ 0.7325
TP2= @ 0.7382
TP3= @ 0.7424
SL= Break below S2
CAD/CHF analysisThis is in the range bound movement.
It will bounce from the support & moves in positive direction.
Hence, it will be bullish further.
