Cadchfsell
CADCHF approaching resistance, look out for potential reversal!
CADCHF is approaching its resistance at 0.75044 where it is could reverse down to its support at 0.74455.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Triangle Pattern Could Send CADCHF LowerCADCHF and EURCAD are negatively correlated; that is, if EURCAD is trading higher, then most of the time CADCHF will be trading lower.
I've been tracking a triangle pattern on EURCAD, but when a colleague sent me his view on CADCHF, I could easily spot an almost completed triangle pattern as well.
This further confirms that the triangle on EURCAD and the related pattern could send CADCHF lower in wave C.
See related ideas links for EURCAD analysis.
CADCHF Created A Head & Shoulders At The Down TL With A TL BreakCADCHF Bigger Picture on The Higher Time Frame Is In Between A Consolidation Wedge,
The Market Recently Came To Top of The Wedge And Got Rejected Forming A Head & Shoulders Pattern,
This Is The 4th Time The Market Gets Rejected Off of This Trend Line,
The Market Now Already Broke The Small Up Trend Line Putting The CAD Swiss In The Sell Zone.
CADCHF Next Market Move is Ready.In the name of Allah, the Most Gracious, the Most Merciful".
CADCHF In 1Hrs Time Frame Looks Bearish Because in 4 Hrs It has Broken its Last Support level which current making resistance level.
News : BOC Rate Statement, Overnight Rate At 8:30 pm Indian Time
Market Trend: In 1 Day Time Frame its Looks more bearish.
Risk is 14 pips Reward is 43 pips.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
CADCHF - FOREX - 26. NOVE. 2019Welcome to our weekly trade setup ( CADCHF )!
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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.
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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!)
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Have a great week everyone!
ALAN
CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.74530 where it could potentially react off and up to 1st resistance at 0.74983.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.75335 where it could potentially react off and up to 1st resistance at 0.74753.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.