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Cadchfshort

💡Don't miss the great sell opportunity in CADCHFTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7795). 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 a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 48. Take Profits: TP1= @ 0.7711 TP2= @ 0.7661 TP3= @ 0.7617 TP4= @ 0.7564 TP5= @ 0.7470 TP6= @ 0.7365 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
13
CADCHF short ideaas messy the price action as it looks , if you look thoroughly and zoom in into the 1h frame you can easily distinguish the lower highs/lower lows , being formed and the bearish market structure still respected , if you zoom out the chart to the 4 hours frame , you will notice that the general trend is bearish , and as a trend trader as my self i'm on the sell mode for the CADCHF as long as the price keeps being traded under 0.7474. so I'm expecting for the price to drop to 0.7368 and a possible bearish continuation all the way down to 0.7316 if the price succeed to break under 0.7413 . so I'm on sell mode on this pair if we have a price break under 0.7413 and if the price remain being traded under 0.7474 and doesn't break above . if you find the analysis of use and value please do support me with your like and comment, if you are new around here make sure to follow me many upcoming market analysis and trading ideas are to come ! I see you soon in the next post
Short
by Gol-DTrader
CADCHF looks good for a sell!CADCHF created a resistance at around 0.78000. The pair had a rejection at around the same level in May 2022 and price fell significantly. This time we also see the pair doing the same, we just witnessed a strong rejection at the same level. I expect price to continue declining with short term target at 0.760. For best sell entry, I will wait for the current correction to be completed and if I see a break below the correction I will consider going short on the pair. If you enjoy reading my ideas please be kind to leave a like.
Short
by Forexintelligence_NA
2