CADCHF signal (LONG)Hello friends.
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Everything on the chart.
open pos: on breaking resistance
targets: 0.7042 - 0.7065
after first target reached move ur stop to breakeven
stop: (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 4
Good luck
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Cadchflong
CADCHF - BULLISH BIASCAD - BULLISH
1️⃣ The Canadian dollar appreciated further, supported by higher oil prices and a weaker dollar.
2️⃣ News that Novavax Inc had reached an agreement with the Canadian government to supply up to 76 million doses of its experimental coronavirus vaccine lifted investors’ sentiment.
3️⃣ The Fed’s dovish signal, the risk-on mood continued weighing on the buck.
CHF - BEARISH
1️⃣ The global risk sentiment remained well supported by hopes of a potential vaccine and treatment for the COVID-19 virus. This coupled with a positive trade-related development further boosted investors' confidence.
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TECHNICAL
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- We are buying this pair on RBS level + SMA100 area + pivot point level on H1 chart.
- CADCHF in bullish zone.
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RISK TO THIS TRADE
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- This trade will hit stop loss if market sentiment turns to risk-off and oil prices going down.
CADCHF - BULLISH BIASCAD - BULLISH
1️⃣ CAD was lifted by a rise in oil prices after tropical storms Marco and Laura hit the Gulf of Mexico and amid optimism about coronavirus treatments.
CHF - BEARISH
1️⃣ The global risk sentiment remained well supported by hopes of a potential vaccine and treatment for the COVID-19 virus. This coupled with a positive trade-related development further boosted investors' confidence.
=====
TECHNICAL
=====
- We are buying this pair on pivot point + SMA 100 area + RBS level on H1 chart.
- CADCHF on bullish zone.
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RISK TO THIS TRADE
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- This trade will hit stop loss if oil prices going down.
CAD/CHF Buy biasFrom my analysis currently CAD overall is on an uptrend. we should wait and see whether this level able to hold or not. Dont rush to enter because it has a huge rejection after hitting the resistance level. there is quite high probability that this level will not hold from the current bearish pressure. however if it does hold, then it is good to buy at least to retest the resistance one more time.
CADCHF, WAIT FOR THE BREAK.*ENG*
- Price consolidating inside our breakout box.
- The entry will be according to the side that price breaks.
- If price breaks very impulsively, wait for the retest of this zone and then enter.
*PT*
- Preço a consolidar dentro da nossa box.
- A entrada será de acordo com o lado da quebra da mesma.
- Se o preço quebrar impulsivamente, procurar por um retest e entrar após o mesmo.
CADCHF H4 LONG PRICE ACTION FORECAST With the price action trading within an ascending channel, the bullish bias exists. Allowing the setup of a long entry to capture the upward momentum towards the channel's resistance level.
Expecting a pullback to trigger the buy limit entry
The order:
Type: buy-limit
S/L: 18 pips - R:R | 1:3 -
T/P: resistance level
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CADCHF signal (LONG)Hello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
targets: 0.692 and 0.694
after first target reached move ur stop to breakeven
stop: 0.683 (depending of ur risk). ALWAYS follow ur RM .
Good luck
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate.
Open to your questions or suggestions(PM to me).