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Cadchflong

CADCHF looking upCADCHF was in a big downtrend but major support zone around 0.67800 made price redirect up The young Uptrend channel is evolving Price has bounced today from the lower channel line at 0.68604 and is coinciding with the 50 EMA So we are most likely waiting for the price to bounce higher up to the 0.692x area. Maybe further to 0.71 To add to this analysis, last week's Thursday and Friday Day candles rejected closes below the 0.69 or 0.688 high levels contributing to the Weekly TF close as a bullish engulfing candle with a positive growth twice the size of the previous week. =========== * If you like this idea please leave a comment so we can talk about it * Remember that it´s never a straight line to the target. * BIG profits to you ALL!!! === I am happy and grateful to the Universe and myself for both teaching me how to trade and multiply my money by thousands My money grows every day. Thank you
Long
by Memo_Mountain
CADCHF (LONG) 🔥🔥🔥ENTRY OPPORTUNITY Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck
Long
by Thewest-sidetrader
CADCHF: Waiting for further CONTINUATION!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In our previous post, about few weeks ago, we forecasted a potential upside movement considering the overall reversal bias. The market clearly performed it, breaking the main high timeframe structure and it’s currently forming a potential continuation. The momentum doesn’t look very strong, so it may form a bigger structure, retesting the zone 0.73500, 0.7300, creating deeper pattern where we would try to take advantage. Overall in HTF a double bottom and breakout of the main structure, are clues enough to justify a further bullish movement. In LTF a sequence of bullish small structures are moving up targeting the next swing high. When, where and why would we step into the market? Before entering long on this market, we will be waiting a greater entry, patiently waiting for the confirmation and formation of a bullish continuation pattern. In the scenario of reversal and/or price not forming the expected price action, no action will be taken on this market and the overall setup will be invalidated . If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Long
by Cybernetics_tl
25