Get started

Cadchfsetup

20 reason for Sell CADCHF🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑 1 🧐Eagle eye: Canadian Doller always the weakest Currency Against CHF According to available Data, so Most Of the time, it Was bearish .for now, The impulse move is also intact, so the big picture is bearish 2 👌Monthly: the trend is established as bearish, and this time, an impulsive action is in full power by formatting higher low 3 👌Weekly: A solid and clear downtrend with a sudden leg near the target 4 👌Daily After a contra correction, Impulsive Move is about to start 😇7 Dimension analysis 🟢 analysis time frame: Daily D1 5: 1 Price Structure: Bearish 6: 2 Pattern Candle Chart: Keyreversal after a slight correction 7: 3 Volume: Not an ideal, but it is near the target 8: 4 Momentum UNCONVENTIONAL Rsi: in a super bearish zone below 40 levels after a resistance as a range shift after a long bearish to sideways phase 9: 5 Volatility measure Bollinger bands: in bearish range forming w pattern middle impulse leg 10: 6 Strength ADX: strengthen as bear DMi and also mainline in favor of bear 11: 7 Sentiment ROC: Not so much difference, but we know Chf is always Stronger Then CAD ✔️ Entry Time Frame: H4 12: 1 Entry TF Structure: Bearish 13: 2 entry move: Impulse 14: 3 Support resistance base: resistance at the H4 Supply zone 15: 4 FIB: trigger event Done ☑️ final comments: Sell at Opening 16: 1 decision: Sell 17: 2 Entry: 0.7059 18: 3 Stop losel: 0.7102 19: 4 Take profit: 0.6922 20:5 Risk to reward Ratio:1:5 🕛 Excepted Duration: 10 days
Short
by Optimum369
1
CADCHF SHORTAs we can see with the last trades NFP price has not created explosive moves on USD pairs until Monday and Tuesday this week. As far as this pair the CadChf has showed exhausted bulls. Price had a 0.78131 high back in May this year but the trend wasn't established until price decided not to break that high coming short of the high making a lower high at 0.77980 which means we have been in a downtrend with slight pullbacks until late September price had broken out of the trend line making a correction which seems to come to an end as of now
Short
by hollowbanks412