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Cad-chf

CADCHF Long - FlashcardCADCHF Long Direction: - Started a Bullish Cycle from 3 days ago when PFL (Peak Formation Low) formed. - H1 & H4 MBL (Market Base Line) on TDI leaning upwards, from below the 50. - H1 OB (Order Block) was being respected. Entry: - Low was held for multiple hours at the H1 OB (Order Block), which is a resistance point. Candles never closed below that low (resistance point), and in fact some candles pinned that low. This price action indicated that the pair was going to rise. - The candle that formed the low of the day was where the RSI crossed back into the volatility bands, indicating a probable rise in the pair. In addition, the RSI was at the 32, showing that the pair was oversold. - The MBL (Market Base Line) started to point upwards, indicating a rise in the pair. Exit: - 11 pip SL @ 7 pips below low. - 16 pip TP 1 @ just below 200 EMA (resistance point) - 24 pip TP 2 @ just below 800 EMA (resistance point)
Long
by FotiosDimitriou
ridethepig | CADCHF Market Commentary 2020.07.01📌 Marking the start of Short-term flows with CADCHF... The initial move down was grandiose which, however, was not strictly able to test the 0.690x lows. Sellers would have won the battle easily and continued the breakdown via weaker CAD fundamentals. => Instead luring unaware buyers into a compression range to later suffer from an embarrassment of a further breakdown. Tracking closely the 0.695x support, we all know about the diversionary role that CHF plays in risk, so I shall refrain from further comment. With the clash certainly decided over the coming 'hours' the configuration offers plenty of scope for manoeuvring from the sell side. Thanks for keeping the feedback coming 👍 or 👎
Short
by ridethepig
CADCHF - SWING - 29. JUNE. 2020Welcome to our weekly trade setup ( CADCHF )! - 1 HOUR Very bullish price action. 4 HOUR Price closure above main sr level, expecting a push now. DAILY Overall bearish market structure about to turn. - FOREX SWING BUY CADCHF ENTRY LEVEL @ 0.69560 SL @ 0.69210 TP @ 0.70060 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
20
Don't miss the great sell opportunity in CADCHFTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7027). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 0.6975 TP2= @ 0.6957 TP3= @ 0.6937 TP4= @ 0.6905 TP5= @ 0.6875 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 trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
21
Don't miss the great sell opportunity in CADCHFTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7027). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 50. Take Profits: TP1= @ 0.6975 TP2= @ 0.6957 TP3= @ 0.6937 TP4= @ 0.6905 TP5= @ 0.6875 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 trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
31
Don't miss the great sell opportunity in CADCHFTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7027). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 17. Take Profits: TP1= @ 0.6890 TP2= @ 0.6800 TP3= @ 0.6740 TP4= @ 0.6604 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 trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
13
Don't miss the great sell opportunity in CADCHFTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.7027). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 17. Take Profits: TP1= @ 0.6890 TP2= @ 0.6800 TP3= @ 0.6740 TP4= @ 0.6604 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 trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
19