Cadchfshort
CADCHF | Good Opportunity to sell.When it comes to CADCHF technical analysis , this currency pair is right now in a downtrend.
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This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
CADCHF FOR A BULLISH REVERSAL?Price is in a downtrend on the hourly timeframe, as lower highs and lower lows are being printed. However, recent price action tells us that we might see a short term reversal.
Price is testing a key resistance level at 0.72350, after a possible higher low has been formed.
Before taking long positions, price needs to break above the level with a clear impulse, and then on the pullback shows signs of a continuation.
We do not want to get caught against the trend, so patience is needed to see this trade play out.
CADCHF clear bearish price action Hi Traders,
CADCHF is consolidating within a bearish continuation correction which with the Global events occurring I suspect CHF to gain strength. Price action clearly shows sharp impulses after the corrections complete and with the Russia and Ukraine tension happening, we may expect another impulse move downward.
Always wait for confirmation before taking your trade. Follow your trading plan!
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Bearish price action, look for a SELLHi Traders
CADCHF is showing bearish price action with multiple corrective structures developing. The last correction gave us an LTF correction at the top of the channel to validate a sell opportunity. Price pushed down and gave us a CAB entry (correction after breakout).
Manage your targets appropriately and follow your trading plan.
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CAD/CHF 1HR SELL SET UPHi TRADERS this is my trade set up for the CAD/CHF
CAD/CHF Coming in to area of resistance I am looking to take a sell only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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Short CADCHFI expect price to fall towards the previous swing low as it has been respected several times since December 2021. My second reason is because price has broken out of the ascending trend line which has also shown strength since December 2021. After seeing that there has been a clear break to the low side, I won't be surprised if price heads up for a retest before shorting towards 0.71950, which is also a major ascending trend line that started in March 2020.
CADCHF hitting Highs..For More Daily Detailed Analysis, Go ahead and click on the follow button. Also please do ask any Questions should you have them,
Here we have our CADCHF chart on the 4H..
We have recently seen a run up to previous highs on the latest news regarding the BOC. Attacking these resistance levels is Providing us with a short side Bias. We have moved far off our Key MA's..
We can look short down to the eclipse symbol area for a clear Exit at some comfortable support.
CADCHF SHORT OPPORTUNITYThe risk here is that the CAD has been showing some strength across the board, however there is a solid break of the ascending channel which appears to be a complex pullback after an important rejection of a key area from HTFs.
Price is likely to create a new low before doing anything else, however before doing that, we could see price to capture some liquidity by breaking current intraday equal highs. Will see how it develops
CADCHF SetupCADCHF is trading in a parrallel bearish channel, making swing lower high and lower lows.
We are expecting bears to drag the price from the resistance zone.
Trade your levels accordingly.
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CADCHF Price analysis towards the buying area.CADCHF is showing bullish market and not overbought it will continue move towards the level of 0.7348 on next trading session.
Analysis - Stoch is showing market is bullish and not overbought./RSI is in no trading zone at the point of 59 which is very risky to trade and market if CADCHF pair is moving toward the next higher resistance at the level of 0.7348.
Cadchf Sells 0.74600cadchf: currently running for almost 30 mins now, still holding and am interested for upcoming 4 hour candle closure at 1pm est. From my analysis yesterday night est, the "spike and wick here" at my line at the 0.72600 did in fact happen. How did i know? Thus, also where my entry was this morning and for those that are holding with me, my tp remains open for this trade setup