I got a signal in the CADCHF , it is trading in a very clear bullish market condition, the market retraced back and formed a significant pattern with upward pressure:
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I got a signal in the CADCHF , it is trading in a very clear bullish market condition, the market retraced back and formed a significant pattern with upward pressure:
price rejected resistance area. with big bearish candle.
will try to sell this pair with target around support zone which is 0.85 area.
cheers
The pair is moved down to test the support on 0.8400
if this is breaked we can see the pair move down
if this support is not breaked we can see the pair move up to test the 1st resistance on 0.8433
CAD/CHF has just completed the Triangle chart pattern on the 240-minute charts. The Quality of this Triangle is rated at the 5 bar level as a result of the low Initial Trend
The pair is moved up to test the resistance on 0.8398
if it is breaked we can see the pair move up
if this resistance is not breaked we can see the pair move down to test the 1st support on 0.8218
CAD/CHF's strong rebound this week suggests that a short term bottom is formed at 0.8408 on bullish convergence condition in daily MACD and RSI. Further rebound would likely be seen to 55 days EMA (now at 0.8853
I got a signal in the CADCHF , it is trading in a very clear bullish market condition, the market retraced back and formed a significant pattern with upward pressure:
he latest downward reversal from 50% Fibonacci Retracement of the previous sharp down impulse (from A to D) created the second connecting point for the upper resistance trendline of this chart pattern
price close above support of 0.8500 and I think we will see correction to level 0.870 but if price break the low of 0.8400 we will see further landing on this pair
CAD/CHF pendelt am Mittwochmorgen in einer Range von 21 Pips. Unmittelbar nach dem Tageswechsel markierte das Währungspaar sein Tief bei 0,9680.