Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

📈 CADCHF Analysis & Trading Plan - 25 Sep 2024 📈 #forex #trading #forexsignals #fyp #shorts

25 Sept 2024 · 1 min

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Vladimir Ribakov sees CAD/CHF as a buy-the-dips setup. The 4-hour chart broke above a falling resistance line, and the 1-hour shows three consecutive higher highs and lows. He recommends entering long on pullbacks as long as key Fibonacci levels hold.

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Here is why CAD franc is buy the dips. The 4-hour chart breaks above the most recent falling resistance line, falling trend line. As it happens, the 1-hour chart gains the bullish momentum by making 3 higher highs, higher lows— classical bullish price structure. I do expect to see on the short term pullbacks, but as long as these key Fibonacci levels As you can see them on the charts hold, for me, buy the dips would be the plan.