CADCHF >> Retest of the H1 support // Short up to the WKLY Supp

FX:CADCHF   Canadian Dollar/Swiss Franc
Good afternoon traders,

I’m posting down here the cross I have showed you last week, so that with this one we can start directly from the daily timeframe .

We said that on the weekly chart we are in a bullish trend which follows the trendline .
On the daily oneb] we can see in detail the movement: after this bearish phase, prices seem to rise again creating growing picks and valleys:

On the other hand we are now in an up phase, and I think that prices might logically retrace, maybe till the support:

In the middle between the 38.2% and 50% of Fibonacci applied on the whole movement:

Which corresponds to the 50% of Fibonacci applied on just the last movement:

An excellent confluence of target.

With Ichimoku we can see that prices got closer to the Kumo, rejecting the SSB. It is interesting that the support zone represents the Kumo Twist (at least the beginning of it), and it is in the middle of the Tenkan Sen and the Kijun Sen so that it is still confluent.

On a H4 chart there is nothing important, I only see in detail the movement. But the H1 chart that gives me the entrance is very important:

In fact I believe that the breakout of these valleys is really interesting and that a retest of this zone is perfect for entering a bearish trade with the target on the support zone (paying attention to the Kijun Sen H4) and a stop on the picks.

What do you think? Do you like this trade?
評論: We're now re-testing the resistance zone due to news on CAD:

交易結束:達到停損點: Stopped out. It was a really nice trade I'm happy I took, whatever the result is. :-)

🎥 Sentiment di mercato su AUDCHF


ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人資料 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出