Subscribeup, 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.
Thread: Cad/Chf
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.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Bindas36 (2020-03-01)
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
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Bindas36 (2020-03-01)
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
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Bindas36 (2020-03-01)
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 .
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Bindas36 (2020-03-01)
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.
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Bindas36 (2020-03-01)
Spoiler:
Price is below 12 EMA and 72 EMA indicates trend is still down
50 RSI is below 50 indicates the momentum of the trend is still down
Recommendation: sell if price is still above 12 EMA area
Range:0.9592-0.9450
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Bindas36 (2020-03-01)
On H4 time frame, we can see that the current candle is trying to break the 0.9506 support level. If it success and the current candle can close below that support, I think CADCHF will fall today and the target is at around 0.9459 support level
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Bindas36 (2020-03-01)
On the H1 chart below price is below the EMA 12 and EMA 72 indicates momentum trend is still down
50 RSI below 50 indicates momentum is still down
Recommendation: sell
Range: 0.9579-0.9440
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Bindas36 (2020-03-01)
i think that CADCHF will continue moving downward on the short term as we have a resistance level on the daily chart @38.2% so i suggest selling this pair now our target point will be@50% level.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Bindas36 (2020-03-01)
The trading rang for today is among the major support @ 0.8560 and the key of resistance @ 0.8705 .
The general over short term basis is to the upside targeting 0.8705 as far as area of 0.88 .
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Bindas36 (2020-03-01)
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