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PAK786
After understood the analysis I trying to discuss toCad/Chf day.
After spending a great time on this pair I would be able to understand the trend of this pair. I am not 100% sure about it but it is my opinion only.
Trading : 1.6095
recommendation for a big profit is… ( sell )
I use the moving average for analysis
Moving Average (period 60) Red:up
Moving Average (Period 10) Yellow: up
Moving Average: (Period 200) green:state
Crossing Point.0.7445
End point of today market:0.7465
cad/chf Technical analysis
Resistance
1---Resistance 0.7462
2---Resistance 0.7484
3---Resistance 0.7475
Support
1---Support 0.7443
2---Support 0.7422
3---Support 0.7439
he CAD/CHF pair has been the victim of risk-aversion as a result of a poor growth outlook for the United States, but, the range bottom the CAD/CHF pair is flirting with now, should nonfarm payrolls out of the United States come in at-or-greater than expectations
Candle is above Moving Average period 20 in 30 Minutes chart so I think it’s still standing for Uptrend. First target must be at 0.8870 and second target at 0.8880 for next time. TRADE AT YOUR RISK IF YOU FOLLOW MY ANALYSIS & Happy green pips…
it seem 8656 got a strong resistance area.......i think it will go down back again after reach those area and projection will be around 8378 area to complete the down trend but it the price close above the 8656 then it will be a diffrence senario
Evaluasion
only this time I analyze these pairs. hopefully produce a profit. from what I saw, there was divergent.
trend in tf h4 d1 with opposite, I chose to follow the trend up in tf h4.
I try to open an instant position and one pending order.
Position For Order:
instan buy order @ 0.8467
buy limit 1 @ 0.8425
Money Management (MM):
Use multilevel lot. ...Lot Position 3 > lot position 2 > lot position 1.
Stop Loss and Target Propit up to you, but i like to cut loss and cut profits.
Image link:
http://i1123.photobucket.com/albums/...1113-25-03.png
Daily overview for CadChf
The price is finding the first support at 0.7428 and the next support is at 0.7409 The price is finding the first resistance at 0.7473 and the next resistance is at 0.7495
--- Trading recommendations for trading : Open Buy ---
I predict price will be continued flying today. The first target is the level 0.7478 After fixing below the first target, then price will go to the level of 0.7513 will become the next one.
we need looking fundamental news to get clear signal, don’t be overconfidence in our trading. this market is very dangerous for us. Keep apply our trading rules.
Standart Support – Resistance :
Resistent1 : 74.73
Resistent2 : 74.95
Resistent3 : 75.12
Support 1 : 74.28
Support 2 : 74.09
Support 3 : 74.24
he CAD/CHF pair has been the victim of risk-aversion as a result of a poor growth outlook for the United States, but, the range bottom the CAD/CHF pair is flirting with now, should nonfarm payrolls out of the United States come in at-or-greater than expectations
CADCHF had been rejected by the 0.9459 support level yesterday, and the rejection effect still occur until now. Now CADCHF is moving near the 0.9506 resistance level. If CADCHF can break that resistance level, this pair may continue going up to the next resistance level at around 0.9554
I try to make analysis for cadchf pair today.
I see this pair still in strong bullish movement . If this pair can break the 0.7477 resistance level, I predict this pair will go up to the next resistance level at 0.7525 But if this pair go down and break 0.7426 support level, I predict this pair will make some correction to the next support level at around 0.7374
Buy signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Buy with stoploss at 0.7440 and take profit at 0.7527
my advice ..don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.