Cadchflong
CADCHF long swing trade ideaCADCHF potential for a long swing trade setup if we get a pullback to the 50-61.8 fib zone. Momentum to upside evident with price action above EMAs on higher time frames, bullish pennant formation and break above previous high as we can see on the 2H at around T1. Not to be construed as financial advice. This is an idea based on how I see the chart with no guarantee of this playing out favorably. Trading FX carries a high level of risk.
AUDUSD Approaching Resistance, Potential ReversalCADCHF is approaching its resistance at 0.7617 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, Horizontal swing high resistance) where it may reverse down to its support at 0.7582 (61.8% Fibonacci extension, 50% Fibonacci retracement, Horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.
CADCHF approaching support, potential bounce! CADCHF is approaching our first support level at 0.7541 (horizontal swing low support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7569 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF Approaching Support, Potential BounceCADCHF is approaching its support at 0.7543 (38.2% Fibonacci retracement, Horizontal swing low support) where it could potentially bounce to its resistance at 0.7574(50% fibonacci retracement).
Stochastic (89, 5, 3) is approaching its support at 9.1% where a corresponding bounce could occur.
CADCHF - WEEKLY SWING - 28. JAN. 2018WELCOME TO DACAPITAL-TRADING!
CADCHF FOREX BREAKDOWN 28 JANUARY 2018
1 HOUR
Strong bearish drop without any support.
4 HOUR
Price melted and need to push back up!
DAILY
Overall bullish waving market we need another wave to the upside!
LEVELS
BUY CADCHF
ENTRY @ 0.74650
SL @ 0.74360 (25 Pips)
TP @ 0.75040 (40 Pips)
RR: 1.40, use normal risk!
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
CADCHF Approaching Support, Potential BounceCADCHF is approaching its support at 0.7441 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7515 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 5.2% where a corresponding bounce could occur.
CADCHF / H4 / LONGHi traders, as you can see that we have broken above a daily resistance level which has now become support. This pair has been in an uptrend and gotten some nice pullback to the support level. We're also still above the 200 and 50EMA which prompts us to think that there can be a further move upward from this pair.
Use proper risk.
Good luck and Trade Green.
CADCHF approaching resistance, potential drop! CADCHF is approaching our first resistance at 0.7589 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7473 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF H4 SignalWe continue to follow the upward trend and recommend buying! We are above average moving 200, We are over Ichimoku cloud, the red line above the blue
All of these figures point to a continuing trend of price increases
Entry Price: 0.7490 (Waiting for a small price correction)
Stop Loss: 0.7440
take Profit: 0.7595
FOREX: CADCHF - SWING - 14. JAN. 2018WELCOME TO DACAPITAL-TRADING!
CADCHF FOREX BREAKDOWN 14 JANUARY 2018
1 HOUR
Bearish market open and instant price action toward 50% Fib and retracement!
4 HOUR
Bullish market with a pretty strong pullback after previous H4 Wave
DAILY
Skyrocket since 0.72 takeout on 28Th December!
LEVELS
(Please split your Position to 3 small ones for perfect entrys!)
BUY CADCHF
1ST @ 0.73920
2ND @ 0.73870
3RD @ 0.73820
SL @ 0.73440 (45 Pips)
TP @ 0.74390 (50 Pips)
RR: 1.30, normal swing trade!
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
CADCHF Long popIDEA: Although CADCHF is trending down, we are looking for quick "pop" up before continuing down.
RULES:
1) Daily Support - check
2) 3 point fractal with bullish engulfing candle - check
3) RSI - was below 20 at prev low - check
4) Risk to Reward - 1.11 greater than 1 - check
After ticking the above points, this trade meets my rules.
CADCHF Approaching Resistance, Potential ReversalCADCHF is approaching its resistance at 0.7291(61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse down to its support at 0.7221 (61.8% fibonacci extension ).
RSI (89, 5, 3) is approaching its resistance where a corresponding reversal may occur.
CADCHF long trade opportunity.CADCHF bounced off of strong support that is holding for sometime already and if you took the trade at the support line marked with yellow circle the well done but for those who have not then here is how we could get involved: 1st we wait for the price to come back to the support as i draw it on the chart with 4:1, 5:1 reward/risk ratio or if the price push higher then we have to find another support with a nice pullback to it. For now it is too late to enter and lets wait for another chance to get involved.