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Cadchfidea

CADCHF Double Bottom at daily structureHey guys, i'm not trading until the new year but i want to give you some educational content. On the left hand side we have a daily chart. As you may see recently we broke to the upside two big resistance levels and now we are coming back to retest this level. The break and close above make me think the trend has changed and i think we may see another upmove. As soon as price comes into that zone i'm looking for bullish opportunities: in the 4hr chart on the right hand side we see there's a double bottom with RSI divergence right at that level. Usually i enter this kind of trade only with the confirmation given by an engulfing candle. I pointed out the candle i'm watching. If it's going to close above the previous i think this may be a good buy. If you have any questions, ask below. Otherwise, see you in the next chart!
Long
by Roker1
CADCHF Resistance LevelsDISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". So I've had a pretty crappy week of trading. Lost my focus last week after leaving money on the table on a trade and messed up my whole week. I started making impulsive trades instead of studying my way into trades. During one of my impulsive trades I noticed the CADCHF has been on an uptrend for a good while now. I remembererd what I've studied and learned and took a look to the left. Founf that it broke previous resistance from November 2015 and from April 2016. Now, Although it did break that resistance the price closed downards if you take a look at an hourly time frame. So I will stay put for now, just put this pair on my watch list. If it passes that resistance again, where will the next target be? Could it be the price from April 2015? Or could this be it for the bulls and now the bears kick in? Always remember to not revengre trade, to study and know why you are getting in a trend and where you want it to go. Remember not to get attached. Trade it dont date it!
by EdwardFabianRamirez
The most beautiful channel i ever traded!CADCHF been channeling since Maj 2016, in a great way! But this time the channel lower TL meets with a very good support area which make me look very close for another opportunity to trade a new swing and this time is up! Oil is also in a PRZ area, that give us another reason to watch this pair closer. As always we don't just place orders just coz we have a good reason, we go down to 1H-4H and look for entry reason! Like if you agree, follow and support please!
Long
by PA-FX
8