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Cadchfshort

CADCHF facing bearish pressure | 21th Apr 2021CADCHF facing bearish pressure from descending trendline resistance which is in line with horizontal swing high resistance, 50% Fibonacci retracement, and 78.6% Fibonacci extension. Prices might push down further towards horizontal swing low support which coincides with 161.8% Fibonacci retracement. If prices push up further, prices might face resistance from horizontal swing high resistance which coincides with 78.6% Fibonacci retracement and 127.2% Fibonacci extension. Ichimoku cloud is above prices, showing a bearish pressure for prices.
Short
by FXCM
1
CADCHF - BEARISH BIAS===== MARKET OUTLOOK ===== CAD- BEARISH 1️⃣ COVID-19 continues to rage across Canada with vaccinations very slow. 2️⃣ PM Trudeau said third wave has taken turn for worse. 3️⃣ Declining oil prices undermined the CAD. CHF - BULLISH 1️⃣ CHF benefitted by renewed surge in coronavirus cases and a slow pace of vaccination. The US Food and Drug Administration recommended states pausing the use of Johnson & Johnson's coronavirus vaccine after six cases of blood clots. 2️⃣ Traders welcomed a further relaxation in Switzerland’s Covid-19 restrictions despite infections continued to rise gradually as the country has one of the highest rates of complete vaccination in Europe. 3️⃣ Risk-off the supported the safe-haven CHF. ===== TECHNICAL ===== - We are selling the CADCHF on the resistance area on the M15. This is short term trading strategy from Monsun Asia. - Risk reward ratio is 2:1. ===== RISK TO THIS TRADE ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia
CADCHF - Bearish BiasCAD - BEARISH 1️⃣ COVID-19 continues to rage across Canada with vaccinations very slow. 2️⃣ PM Trudeau said the third wave has taken turn for worse. 3️⃣ Declining oil prices undermined the CAD. CHF - BULLISH 1️⃣ CHF benefitted from a renewed surge in coronavirus cases and a slow pace of vaccination. The US Food and Drug Administration recommended states pausing the use of Johnson & Johnson's coronavirus vaccine after six cases of blood clots. 2️⃣ Traders welcomed a further relaxation in Switzerland’s Covid-19 restrictions despite infections continued to rise gradually as the country has one of the highest rates of complete vaccination in Europe. 3️⃣ Risk-off supported the safe-haven CHF. ===== Technical ===== - We are selling the CADCHF at SBR on M15. This is short term trading strategy from Monsun Asia. - Risk reward ratio is 2:1. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia
CADCHF: multi-time frame analysisHi Traders, This is my view on this cross for the next few days. #CADCHF 1. Wait for today’s closing blow support 2. Wait for the retest of the structure (which is 0.382 of Fibo) 3. Wait for a trigger SELL 1.74156 SL 0.74720 TP 0.73030 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Short
by kitchen_trading
CADCHF - Bearish BiasCAD - BEARISH 1️⃣ Oil prices sank 3% on Tuesday, with WTI crude trading below $60 a barrel and Brent about $62.7 a barrel amid escalating worries that the third wave of COVID-19 cases in some countries in Europe and slow vaccine rollouts in the continent will hurt a recovery in fuel demand. CHF - BULLISH 1️⃣ Concerns about a surge in COVID-19 cases and vaccine shortages in Europe boosted the CHF. ===== Technical ===== We are looking to sell the CADCHF at SBR + below SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia
CADCHF - Trend Continuation & Zone Break Retest, Mar. 23rd, 2021CADCHF short setups, trend recently reversed to bearish. We can expect trend continuation on the current 4h and 1h setups, if this doesn't workout then we can look for a pullback to the broken zone that helped to set the new bearish trend. Both of the short setups drawn are not exactly what I would look for, just a toss up for the ideas, would need to adjust the stops and entries on both, the profit target will likely be at the nearest zone. If I do enter the trade I will post an updated comment with the entry price, profit level, and stop level.
Short
by TonyAiello
Waiting for a SELL on CADCHFI think CADCHF on the 4hr timeframe is going bearish for a while. And my confluences are: *Double tops reversal pattern (bearish signal) *Rested of the neckline(healthy chart pattern). *Normal divergence (change of trend signal); you can check out the divergence yourself. And the last confluence would be the entry reason; A bearish engulfing candle( bearish signal). Stop loss is 1ATR above the high of the engulfing candle Take profit is the next structure. Feel free to criticize my analysis, we are all learners. 'Do not blindly buy CADCHF based on my confluences and do not enter the trade if my analysis is against yours.'
Short
by T-B-X