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Cadchflong

CADCHF - Long or Short OpportunityLooking into the weekly chart we can see that there is a strong overall down trend for this pair. As we come into our lower time frames the Daily/ 4hr we have a smaller bullish trend taking place inside of the overall trend. Do too fundamentals which took places yesterday we had a strong down movement in this pair which has bought us back too the bullish trend line acting as a support for this pairs current movements. This also aligns with a dynamic area of supply and demand. So we could be looking at a bounce off of the trend line and a bullish movement up toward the overall bearish trend line or a bearish movement in which the lower time frame trend line is broken and then looking for a retest to confirm the bearish movement in which we can begin to short looking toward the next area of demand.
by OnlyAnalysis
ORBEX: CADCHF - Primary C Expected to End Near 0.7950!It looks like the corrective wave (2) of the bullish minor degree has ended at 0.7434 with an open complex w,x,y minute pattern. The recent upside looks impulsive (awe could expect a more complex pattern with a flat likely to appear) and fresh highs could be expected once a valid breakout of minor 1 top is seen. In the short-term, we could receive a deeper pullback before continuing higher to take out minute wave ( iii ) near 0.77 round level. Or, we could get there first and then receive a pullback for a retest of minor 1 top. Minor wave 3 is expected to end near 0.7764 and as part of the intermediate impulse to the upside, minor 5 has a medium-term potential near 1.79. Intermediate wave 5 is part of the A,B,C primary correction (A: 0.7958, B: 0.7222) This opportunity would be invalidated below 0.7350. A break below 0.7430 would be an early sign of invalidation! Stavros Tousios Head of Investment Research Orbex
Long
by Orbex
CADCHF - FOREX - 21. OCTO. 2019Welcome to our weekly trade setup ( CADCHF )! - 1 HOUR Bullish market open and price action this monday. 4 HOUR We had a 50% Pullback of previous x-a wave formation. DAILY Bullish waving market with several pullbacks, great long entries now. - FOREX SETUP BUY CADCHF 1ST ENTRY @ 0.75220 (Wait for trigger) 2ND ENTRY @ 0.75090 SL @ 0.74860 TP @ 0.75600 RR: 1.1 / 2.35 Use 0.5% risk per Entry! (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