CADCHF Double Scenario Forming At The Moment

2
525
CADCHF Critical Zones Provide Bearish Opportunity

Click To Join Our Community Telegram Group

Hi Traders! We have CADCHF double scenario forming at the moment. A detailed analysis of this short term sell and long term buy setup is as follows:

CADCHF D1 Chart:

On the daily chart we have a potential double wave up that is forming at the moment. We have a critical level that has formed based on the fibo level of this cycle. We may now expect the price to possibly move higher towards this level. We may now look for evidences of bullish pressure on lower timeframes in order to join the bulls.

CADCHF Double Scenario Forming At The Moment

 

CADCHF H4 Chat:

On the H4 chart we have a potential special or triple cycle that is forming at the moment. We also have a critical zone that has formed based on the fibo levels of the cycles which is slightly higher from the current zone. We may now expect one more push higher from the current zone towards this critical zone with the bearish divergence completing itself. We may then start looking for short term sells with more bearish evidences towards the 38.2% – 50% fibo retrace zone. Once we get opposite evidences then I will be looking for bullish setups in order to join the bulls.

CADCHF Double Scenario Forming At The MomentNote: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell and buy setup then you can use any setup and strategy that you have in your arsenal to look for bearish and  bullish moves and join this sell and buy trade.

I invite you to join me in my live trading rooms, on daily basis, and improve your trading with us.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here

 

Yours to your success

Vladimir Ribakov

Advertisement

Click To Join Our Community Telegram Group

2
Leave a Reply

avatar
2 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
1 Comment authors
AdamKatherine Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Adam
Guest
Adam

Thanks Vlad for the analysis

Katherine
Guest
Katherine

Thanks for the update Vlad, very useful