CAD/CHF:SELL From Resistance Level DIV RSI - SHORTCAD/CHF Inside a Bearish channel, today open the market with a strong Bearish candle on the resistance line 0.7290
There is a Divergence on RSI and the Stochastic is at an overbought level. This kind of scenario can be developed as a new Push down for the price in the direction of the main trend, the downtrend.
CAD (Canadian Dollar)
CADCHF IS ON DAILY SUPPORT. WILL WE SEE A REVERSAL HERE?Check out the trade plan for CADCHF today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
CADCHF has revisited the daily support once again. Here I am watching closely the lower timeframes to identify the next possible direction in which this pair can contribute. Expected targets for each breakout and reversal have been pinned on the chart for reference.
CADCHF 1 year Support + Channel Down bottomThe CADCHF pair hit for the second time in 7 days the 1 year Support Zone that has been holding since the August 20 2021 Low. This Zone has provided three rebounds in total. At the same time the price is near the bottom of the Channel Down pattern that started after the June 09 High and its 1D RSI is on a similar bullish divergence such as the previous Lower Low on June 24.
The common parameter on all the above rebounds is that they hit at least the 1D MA50 (blue trend-line). That is our target on the short-term.
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Short CAD CHFHi,
For my daily trades and for swing trades also I'm using historical levels of this pair and trend lines ; volume profile.
Volume profile. VWAP and trend lines are my main weapons to have some perfect trades with 2R+
I always start with the highest time frame and I'm going down up to 15 mins.
In this way, I will have always a clear vision for what matters
CAD/CHF:SELL From Pullback Dynamic Support NEW SHORT SetupCAD/CHF After our previous Take profit ( Link in description ), the price continued to move inside a Bearish channel until 22 September when a Strong breakdown of the dynamic support of the channel was followed by a Re-test of this level to continue falling down in the direction of the main trend. Today we are open a position exactly in this scenario. Re-test Previous support and new bearish impulse.
EURCAD Potential Long Breakout then Short from ResistanceWelcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy