CADCHF - Up-trend broken to the downside | 1:3 RR Short📢CADCHF 4H - Technical Breakdown
📈Price action has successfully broken through the clear up-trend and has since re-tested the prior support.
📈A short opportunity from the current market price presents a 1:3 RR trade aiming to bank 150 pips down to the highlighted support at 0.67300.
Cadchfsell
CADCHF. The price will fall slightly.Hi subscribers!
The price of this currency pair has not changed much since March 8,
the price has long been in the range zone,
in the range between the key level and the support level.
The price will not overcome these boundaries in the near future,
it is one of the few currency pairs that continues to be stable.
However, the price will go down to its target. Good luck to you.
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CADCHF potential bounce!
CADCHF expected to reverse up to 1st support at 0.69716 where it could potentially react and bounce to its resistance at 1st resistance at 0.67494
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF.The price will continue to fall.Hi guys!
This chart shows how the price began to fall sharply about 10 days ago.
Now you have the right to sell this currency,
because it is likely that it will fall dramatically.
However, the price must reach the first target,
the price continues to fall.
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This idea does not provide the financial advice.
CADCHF | Melt | 23 FebHere we can clearly see that the market has reached a very strong area of resistance. You can tell by the huge amount of rejections from that area (shown in graphs with arrows). So we can expect a strong pullback from this area. We have to be very smart on where we place our stop loss, because the market may push to the upside, activate everyone’s stop losses, before dropping. Thus I encourage everyone to use smaller lots for this trade with a wider stop loss.
Another reason I’m strong on shorting CAD is due to the news:
1.“Top-performing hedge fund is shorting Canadian banks on all the usual suspects”
2.“80% of Canadian companies aren't generating enough cash to support their businesses”
business.financialpost.com
3.'Everyone's walking on eggshells': Short interest in the big Canadian banks now stands at US$11.39 billion
business.financialpost.com
On the 4H timeframe, upside trendline has broken down, and is about to activate a meltdown.
Trade with care
CADCHF potential bounce!
CADCHF expected to reverse up to 1st support at 0.73509 where it could potentially react and bounce to its resistance at 1st resistance at 0.73889.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF SELL Swissy is looking strong across all pairs, currently having a minor retracement, looking to hop on the continuation downwards for this particular pair. Wait for multiple 4 hr candle body's to close which are showing rejection of the purple zone given. Taking this all the way down to the -61.8.
265 PIP GAIN 9/1 RR
Brief analysis of CADCHF future trendsCADCHF has a short-term rebound demand, with a rebound target of 0.7450-0.7550. Obstacles to success in this area are expected to continue to fall, with a target of 0.7220 followed by 0.6908-0.7030. The price reached 0.6908-0.7030 to buy, and the stop loss is below 0.6800. The market outlook is expected to rise significantly
SELL CADCHF ENTER:0.7450-0.7550 SL:0.7650 TP1:0.7220 TP2:0.6908-0.7030
BUY CADCHF ENTER:0.6908-0.7030 SL:0.6800 TP1:0.8000 TP2:0.8719 TP3:0.9250
CADCHF - FOREX - 06. JAN. 2020Welcome to our weekly trade setup ( CADCHF )!
-
1 HOUR
Strongly waving market with some bullish pressure.
4 HOUR
Sideways market structure at its resistance.
DAILY
We need a pullback to the downside.
-
FOREX SETUP
SELL CADCHF
1ST ENTRY @ 0.74670
2ND ENTRY @ 0.74830
SL @ 75.130
TP @ 74.180
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
CADCHF analysisCADCHF analysis
**Disclaimer**
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Tradewithsam
CADCHF - FOREX - 27. DECE. 2019Welcome to our weekly trade setup ( CADCHF )!
-
1 HOUR
Sideways moving market structure.
4 HOUR
Multiple pullbacks and waves.
DAILY
Overall bearish direction, good short entries!
-
FOREX SETUP
SELL CADCHF
1ST ENTRY @ 0.74730
2ND ENTRY @ 0.74820
SL @ 0.74980
TP @ 0.74470
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