Hey guys, i want to share another type of analysis today that i really enjoy doing: it is called CTS and it stands for Combined Tecnhical Score. It basically consists on finding more reasons all together in order to increase the likelihood of the trade itself. First, i want to select my trading zones by using higher timeframe structure: the blue box i've drawn...
CHF seems to be strong across other pairs. I am short different pairs against CHF for some time now, but found this to be a nice entry point for new or already short positioned traders. It's not a pip harvest, but a comfortable setup for a potential small profit.
As a follow up on my previous 3TAP short on CADCHF (see link below). I have sold half my position and holding the rest down to the resistance around 0.02003. Be ready Monday, because if it does not break 200MA which it's currently AT, it might reverse. For newcomers, wait for it to break 200MA and add a small position. It's a bit late to get in this for a bigger...
CADCHF hitting its third tap on the daily chart. If it does not break through the next couple of days. It will then be a good short position. With a expected wave pattern on the way down. Waiting for volume to pick up on the way down.
Cadchf Trend is bulish but now retrace is must Ist :Strong Resistance 2nd:Pin bar
CADCHF is channeling for almost a year now, and getting closer to that major yearly TL that's holding since 2012. For now we have two indecision candles, much wicks on the top. If we go by the book, then all rules says short here as a trend continuation. Like if you agree, follow and support please!
FX:CADCHF 1. Daily trend line resistance reached. 2. Aroon, MACD, RSI forecasts is so bearish to me. 3. Swiss economic reports coming this week. Goodluck!
Strong bearish candle, with little lower shadow. Spinning tops before, means indecision. I will sell if monday closes further down.
IS CLEAR GUYS THAT CADCHF FORMED A REVERSE HEAD AND SHOULDERS AND WENT UP BUT IT DIDN'T BROKE THE TRENDLINE NOW I AM WAITING FOR A SELL TP @ 0.73000 ---> 230 PIPS HAVE FUN GUYS !
CADCHF WAITING CHANNEL BREAK FOR SHORT
Rules To Short : If any candle Closes Below 0.76650 Short Position is Triggered By Financial Institutions Cadchf Is looking Bearish As it has following Reasons To Short Below 0.76650 Reasons To Short: 1-Moving Averages Are Bending 2-Market Having High Sell Off At Resistance Level 3-Straight Trend line Resistance Is Present (Major Resistance Level ...
We've bought Swiss franc, Bearish bat - see the chart I posted last week below.