CADCHF - FOREX - 26. NOVE. 2019Welcome to our weekly trade setup ( CADCHF )!
-
1 HOUR
Bullish price action turned.
4 HOUR
Overall very bearish market with a lot of pullbacks.
DAILY
Bearish waving market structure, good short entries.
-
FOREX SETUP
SELL CADCHF
1ST ENTRY @ 0.74830 (Wait for trigger)
2ND ENTRY @ 0.74980
SL @ 0.75250
TP @ 0.74360
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Cad-chf
cad chf looking to shorti see supply in the marked area and look for a short here ..we have slightly engulfed the base of the last upward push giving us a sign that market i likely to go lower soon
we have also qm structure but due to the upper supply level i see i expect price to break the qm entry level to the upside before going lower
Don't miss the great sell opportunity in CADCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7488). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of downtrend is expected.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. The RSI is at 35.
Take Profits:
TP1= @ 0.74300
TP2= @ 0.73800
TP3= @ 0.72700
SL: Break Above R2
Don't miss the great sell opportunity in CADCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7488). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of downtrend is expected.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. The RSI is at 35.
Take Profits:
TP1= @ 0.74300
TP2= @ 0.73800
TP3= @ 0.72700
SL: Break Above R2
Short CADCHFCash sell on rally in CADCHF as it is forming a Head and Shoulder pattern in the 4 hours chart. The pair remains bearish after hitting a tip of the right shoulder at 0.7570. It is likely to continue the southward journey towards the support of the pattern at 0.7480 level.
Trade Information:
Sell : 0.7532
SL : 0.7570
TP : 0.7480
Risk Reward: 1.23