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CADCHF has formed a pin bar candle on daily time frame, and the pin bar was a rejection from the support level at 0.9506.
So, as we know, pin bar is the one of reversal signal. I think CADCHF will go up today and may reaches the resistance level at 0.9554 or higher. This set up will fail if CADCHF can break the yesterday's low.
No position is executed. we move onto the pending orders. The trend is up, green marbles were on the line o.The trading rang for today is among the major support @ 0.8430 and the key of resistance @ 0.86 . The general over short term basis is to the downside targeting 85 as far as area of 0.8430 .
CADCHF is moving around the 0.9506 support level now and I think this pair seems will form a double bottom chart pattern. I think CADCHF will go up to the 0.9554 resistance level today. But the scenario will fail if CADCHF can break the Tuesday's low at 0.9480
CADCHF has broken the resistance level at 0.9554. I think it will open the opportunity for CADCHF to go up today. This pair has a potential to reach the next resistance level at 0.9600. I think buy is a good choice for this pair today
up, and up, looks like prices will continue to rise,
see heiken successful candle close above the line of hig sma5 d1.
and green marbles are out of line.
one position had profit, +75.
as we have a support level on the daily chart @38.2% so i suggest buying this pair now with a target point @23.6% as i predict that CADCHF will move upward on the short term.
This pair has a potential to reach the next resistance level at 0.9600. I think buy is a good choice for this pair. resistance has been breached 0.9565 top buy and objective when Resistance 0.958x .If closing below 0.9537 support to the bottom of the sale and the target at 0.9522 support
From the shown H4 chart , we can notice that the price became near to the bullish trend shown , so i think we can wait a few pips down and we can start buying when the price touch this trend and put a small stop lose below it ,
Attachment 4619
There was no significant movement yesterday on CADCHF market. Then, we can see about that on the previous candle on daily chart. So, I think the breakout movement may happens today.
If CADCHF can break the yesterday's high, this pair may goes up to the resistance level at 0.9600 or even 0.9638.
But if CADCHF can break the yesterday's low, this pair may falls to the support level at 0.9506 or lower.
If CADCHF can break the yesterday's high, this pair may goes up to the resistance level at 0.9600 or even 0.9638.
But if CADCHF can break the yesterday's low, this pair may falls to the support level at 0.9506 or lower.