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
Double bottom, that too at a higher Tf Price Level -> Price Action
EMA In favorable direction -> Indicators
Waiting for bullish candle-stick pattern ...
All confluences gathered ..💯💯 OANDA:CADCHF
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...
Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
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CADCHF 4 Hour Analysis (3 July 2023)
1. Price is in a pattern
2. Also, the price is in bullish divergence with
Stochastic
3. So, we can have some bullish entry with
Stochastic confirmation
4. But, if the price reveres, we can wait and
enter bullish
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.
CADCHF 4 Hour Analysis (20 June 2023)
1. Price is following a trend
2. also, we can see price is in
previous supply area
3. the MA is pointing bullish trend,
but for further bullish strength the
price can take a pull back from the MA
4. So we can wait for a proper entry
CADCHF 4 Hour Analysis (14 June 2023)
1. We can see main trendline and T2
as sub-trend
2. Also, the price is in strong supply area
3. AO is also pointing bearish
4. So, we can wait for daily levels breakout and
trend breakout then we can enter, but
it is very important to wait for retest
I am using support and resistance as a basis for my trading. CADCHF seems to be moving upwards based on the chart and trend line,
The information are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
CADCHF 4 Hour Analysis (1 Jun 2023)
1. Price is in strong supply area
2. We can also check QM formation here
3. MACD bearish divergence is clear
4. Expecting Bearish entry,
but if price breaks KL1, will look for bullish
