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Cadchfshort

CADCHF Short Trade Setup A #short trade opportunity recently presented itself on the #loonieswissy (#CADCHF) #trading chart 📉. This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.66868 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 0.65000 psychological level and possibly testing the strength of the 0.64840 horizontal support level. As always, please apply appropriate risk management. Happy trading! #crosspair
Short
by charles-okoukoni
2
CADCHF Quick sell 1:3 Risk reward ratioI took a sell on friday on cadchf and i am currently in a draw-down on one of the trade but i strongly believe that the trade would drop from here because there is alot of head and shoulder patterns on multiple time frames suggesting it will drop and alot of confluences. I entered another trade again on a smaller timeframe again with fewer pips risk to add to my position. I see cadchf dropping all the way to that juicy zone down there Let me get your take on this signal and kindly follow and leave a boost thanks!
Short
by ForexPotatoe
CADCHF Short IdeaMARKET PHASE OANDA:CADCHF is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has started it's initial move down but due to the velocity of the downward move, it's gapped some orders around 0.65272. Price is likely to retrace to this level before continuing downwards. TRADE I will be entering short on OANDA:CADCHF with the following parameters: Sell Limit: 0.65272 Stop Loss: 0.65397 Take Profit: 0.65022
Short
by Mankz
CADCHF Trading Plan - 07/Feb/2024Hello Traders, Hope you all are doing good!! I expect CADCHF to go Down from these levels. Potential B wave of bigger correction is almost completed. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
1
7 Dimension Analysis For CADCHF🕛 TOPDOWN - Bearish Continuation Setup for CAD/CHF Overview: The monthly and weekly analyses signal a bearish trend, validated by a series of bearish breakouts and consolidations. The focus is now on the daily timeframe for a detailed perspective. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish - 68% probability of further downward movement. 🟢 Structure Behavior: Break of Structure (BoS). 🟢 Swing Move: Impulsive. 🟢 Inducement: Breakout with liquidity sweep indicating continued bearish momentum. 🟢 Pull Back 1st: Awaiting confirmation, position holding is crucial. 🟢 Internal Structure: Bearish. 🟢 Ext OB: Unmitigated. 🟢 Support Breakout CIP: Acts as resistance. 🟢 Post-Breakout Quality: Clearly favors bears, evident in small consolidation with bearish candle size and multiple wicks. 🟢 Traps: Shakeout observed, indicating bearish sentiment. 🟢 Time Frame Confluence: Daily. 2️⃣ Pattern 🟢 CHART PATTERNS Reversal: Head and shoulders, double top. Continuation: Bearish flag with a 38% tilt, shakeout continuation with flag consolidation. Consolidation Rectangle: Small consolidation with shakeout liquidity. 🟢 CANDLE PATTERNS Key Considerations: Record session count with multiple dojis signals change in guard. Long wick bearish closing indicates rejection from multiple wicks and doji area. Momentum signals include strict engulfing. 3️⃣ Volume: 🟢 High volume on the breakout confirms its validity. 4️⃣ Momentum RSI: 🟢 Momentum is in a super bearish zone. 🟢 Range shift is evident with proper bearish indications. 🟢 Divergence: Hidden bearish divergence observed at the start of the move. 🟢 Loud moves: Momentum shifted from sideways to bearish with a loud move. 🟢 Grandfather-father-son entries indicate a strong bearish setup. 5️⃣ Volatility Bollinger Bands: 🟢 Middle band rejection at the middle band. 🟢 Squeeze starting indicates potential consolidation for volatility compression, followed by a wild bearish move. 6️⃣ Strength According to ROC: 🟢 ROC values: CAD 0.37 vs CHF 1.31, indicating CHF is much stronger. 7️⃣ Sentiment: All market parameters and top-down analysis indicate that CAD is under substantial pressure against CHF. The sentiment suggests looking for sell opportunities. ✔️ Entry Time Frame: Daily ✅ Entry TF Structure: Bearish ☑️ Current Move: Impulsive ✔ Support/Resistance Base: Bearish post buildup. ☑️ Candles Behavior: Bearish long wicks, bearish momentum. 💡 Decision: Sell at open. 🚀 Entry: 0.6443 ✋ Stop Loss: 0.6505 🎯 Take Profit: 0.6118 2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:4.5 🕛 Expected Duration: 30 days SUMMARY: The analysis strongly supports a bearish continuation setup, aligning with the monthly and weekly bearish trends. Key indicators such as candle patterns, volume considerations, and momentum signals reinforce the sell decision. The strategy involves clear risk management and exit criteria.
Short
by Optimum369
4
CADCHF LONG TERM Buying TRADEHello Traders In This Chart CADCHF HOURLY Forex Forecast By FOREX PLANET today CADCHF analysis 👆 🟢This Chart includes_ (CADCHF market update) 🟢What is The Next Opportunity on CADCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
1
Exploring the Impact of CBDC on Forex Trading in CanadaI am reaching out to discuss an intriguing topic that has been gaining significant attention in the financial realm: the potential impact of Central Bank Digital Currency (CBDC) on forex trading in Canada. As you may be aware, the introduction of CBDC has sparked numerous discussions and debates among forex traders. The purpose of this idea is to delve into the concerns raised by these traders and shed light on how the implementation of CBDC could potentially affect their trading strategies, market liquidity, and overall dynamics of the forex market. Forex traders have expressed several apprehensions regarding the introduction of CBDC. Firstly, they are concerned about the potential disruption to their trading strategies. Since CBDC would be a digital representation of the national currency, traders fear that its introduction could alter the existing forex market dynamics, making their current strategies less effective or even obsolete. Moreover, market liquidity is another aspect that traders are closely monitoring. The introduction of CBDC could potentially impact the liquidity of the forex market, as it may attract a significant portion of trading volume towards this new digital currency. This shift in liquidity could have implications for traders who rely on the current market conditions and liquidity levels to execute their trades effectively. Furthermore, the overall dynamics of the forex market might experience some changes with the introduction of CBDC. Traders are concerned about potential shifts in exchange rates, volatility, and the relationship between different currency pairs. These changes could create uncertainties and challenges for traders who have built their strategies based on the existing market dynamics. In conclusion, the potential implications of CBDC on forex trading in Canada have raised valid concerns among traders. The impact on trading strategies, market liquidity, and overall forex market dynamics are critical factors that need to be carefully considered. Understanding these concerns and their potential consequences is crucial for traders and policymakers alike. cointelegraph.com
CME_MINI:MCD1!
by bryandowningqln
CAD/CHF carnage not over yet next target 0.6050The currency pair has been falling since 6 June 2023... It's gone on a strong downtrend channel, which has not been good for the Canadian Dollar. Lately it's formed not one but TWO bearish chart patterns. M Formation and Inv C&H And the price has broken below both the neckline and brim level. This means, there is more downside to come with a target of 0.6050. Other indicators confirm the bearish momentum 200>21>7 - Bear market RSI<50 Target 0.6050
Short
by Timonrosso
CAD/CHF SHORT CADCHF bounced from a major support level on the 4 hour time frame, and also bounced from the upper trend line of a bearish channel on the daily timeframe chart CAD to be volatile during BoC interest rate decision today (25/10/2023) We expect the pair to re-test the key support levels listed on the chart, We taking this trade based on technical analysis and candlestick patterns. Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a breakdown of your pip value in ZAR and Dollars 0, 01 = $0,10c 0. 05 = $0.50 0.10 = $1.00 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Let's say your broker gives you 1:500, and you open 0,2 size, How much are you exposing? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long-term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Short
by Pro-Trading-Africa