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Found a nice trade today

I have found a nice trade that I have executed today on Cad/Chf
I found a good trade to take when I was looking through the charts
Cad/Chf has a excellent buy setup, and looks like a trade to take
I am in 4.2 mil. long, and I will tell you why:
on the daily chart a wedge pattern has been broken to the upside
while daily trendline acts as a support below it - SL is below that trendline, which is only about 30 pips
Also we see a bullish divergence in the Stochastic indicator, which is a indicator …
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CAD/CHF riding a bullish weekly channel up

Cad/Chf is moving up within a bullish channel
We see this channel on the weekly chart:
I drew the lower trendline and cloned that line and moved it up -- it fits perfectly and creates this bullish channel
Cad/Chf weekly chart
This is a true channel, and it will take some Cad weakness to break the lower border;
for now the price is near the lower border,
but the RSI is still bullish
and Stoachistic indicator shows bullish divergence
So there is reason to believe the lower border of the weekly cha…
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AdamFx42 10 Dez

Retest has broken the trendline support, price needs to return back in for any
bullish continuation to play out

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AdamFx42 29 Dez

Return within support area has helped the price recover and move up again,
now the price is running into resistance in the form of the 0.85 level,
my target just above seems in reach now, though

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AdamFx42 30 Dez

Break above 0.85 leads the pair close to my target
0.85 seems to be a likely support now, after the break, and it should end close to target

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Just 8 pips above target now

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missed by around 11 pips - good start to the new year prediction wise :-)

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CAD/CHF riding a bullish weekly channel upwards

Cad/Chf should end up higher after testing the lower border of the weekly bullish channel it is in
On the weekly chart we see that it is a textbook example of a weekly bullish channel,
also the weekly MACD and RSI are both bullish
Cad/Chf weekly chart
On the daily chart I have drawn the predicted price movement:
the fibonacci expansionlevels of the last move indicate some resistence levels that the pair may encounter
The pair is on its way down towards the lower border at the moment;
as the MACD…
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AdamFx42 19 Out

Pair has broken below weekly supportline, so unless it returns back in weekly channel this prediction will not hold

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AdamFx42 30 Out

testing lower border weekly channel now

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A long way down looming for CAD/CHF

On the weekly chart Cad/Chf seems to be on the move down, still;
a fibonacci expansion reveals a target area of below 0.74 - even:
Cad/Chf weekly chart
On the daily chart we see a pattern forming that may eventually lead to a further move down:
an inverted Head and Shoulders has been formed on the daily chart
after the pair has broken down through the daily trendline;
the target of this inverted H&S lies below daily trendline,
and - more importantly - below previous highs
which indicates that af…
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AdamFx42 29 Ago

daily target already reached, but double top has been broken to the upside, so downside is now uncertain

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AdamFx42 11 Set

The inversed head and shoulders target worked nicely, and if price reverses ddown again now
from previous daily trendline, my prediction will have been exactly right

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