CADCHF Short (Sell) Trade SetupPrice is currently reacting from a zone of interest and we may get a bearish engulfing candlestick close on the open of the London session.
Cadchfshort
Bearish Bat PatternCADCHF BEARISH BAT PATTERN
Market Sell Order Set Up.
Sell Entry: (0.69862)
Min Take-Profit: (0.69554)
Max Take-Profit: (0.69362)
Stop-Loss: (0.70186)
Max Risk-Reward: (1.54)
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CADCHF - Bearish BiasCAD - BEARISH
1️⃣ investors digest prospects of further economic stimulus in the US, lower oil prices and concerns over rising coronavirus infections and the economic impact of lockdowns around the world.
CHF - BULLISH
1️⃣ Fading hopes for rapid approval of the long-awaited US economic stimulus plan comes amid growing market worries about the potential economic fallout from the continuous surge in coronavirus cases.
2️⃣ Escalating US-China tensions in the South China Sea, further weighed on investors' sentiment and dampened the market mood.
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Technical
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We are selling the CADCHF at resistance + below SMA 50 on the H1 chart.
CADCHF: A SHORT term opportunity on this PULLBACK!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
CAD/CHF
⚪ Technical Analysis :
In the weekly time frame, since the end of March 2020, the price has been moving creating an interesting ascending triangle pattern, bouncing on its dynamic support line in July, October 2020 and also in January 2021.
In the daily time frame, the price clearly got many rejections on a strong resistance zone at about 0.70400 and it's now moving in the opposite direction, with a possibility to see the price retesting the main weekly trendline.
In the h4 time frame, since the end of December 2020, the price has been following a strong ascending channel and it broke it on the 22th of January.
It has currently broken a daily S/R level at about 0.69650 and the next price action will be essential to understand the next market movement.
🔴 Conclusion :
In a long term I definitely want to see the price growing more but I'm confident to see it collapsing down until to retest the main trendline.
I'll be waiting for a pullback on the S/R level at about 0.69750 before getting a short position on this trade.
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
Bearish Shark PatternCADCHF BEARISH SHARK PATTERN
Market Sell Order Set Up.
Sell Entry: (0.70489)
Min Take-Profit: (0.70213)
Max Take-Profit: (0.69996)
Stop-Loss: (0.70764)
Max Risk-Reward: (1.79)
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CAD/CHF SHORT SETUPfter nearly 6 months of consolidation, we saw the bottom fakeout and the begining of the rising up of the Canadian currency. At the 66.7% fibo level, we saw the beginning of the start movement and the creating formation of the HnS pattern. At the moment, we expect a retest of the neckline and another drop down. If the market does not negate the pattern, we expect further reactions in the 50-66.7% fibo zone and a correction that will probably break out the imbalances that occurred around the neckline. The continuation of the movement is expected to the 1.61% level of fibo expansion, which at the same time may complete another HnS pattern in D1 tf, which will probably start of full trend reversing
The yellow fields are the supply / demand zones. The places marked in red are the most important zones where fibo, s / d, s / r pivots clusters overlap. Note that moving avarages in chart works as support / resistance .
It is also worth taking a look at the strong reaction at the fibo levels of 55.9% and 61.8 (excluded) -66.7% fibo+Elliot Waves
Warning! Im using different settings of cloud
If you want to know more about the strength teamt and the precise direction of the trend and reaction to the zones, I recommend that you start using Heikin Ashi and Renko candles
If u have any questions ur always welcome to write amilerski@icloud.com
~~~Remember that the above analysis is only an idea :) You are responsible for your money yourself.~~~~
The market will verify! Bless!
CADCHF - Bearish BiasCAD - BEARISH
1️⃣ Declined in oil prices weighing on the CAD.
2️⃣ Concerns over rising COVID-19 cases, fresh lockdowns and the slow pace of vaccination.
CHF - BULLISH
1️⃣ The negative risk tone boost the safe-havens flow.
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Technical
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We are looking to sell the CADCHF on the SBR + below SMA 50 on the H1 chart.
CADCHF Short SetupHello everyone, if you like the idea, do not forget to support with a like and follow.
As we can see Market structure for FX:CADCHF Has been Bullish
If Market fails to create a new High, this could be an opportunity to a sell
Wait for Confirmation, wait for rejection at Key zone
Best Of Luck
Cadchf sellcadchf is moving downside probably in the new York session (today) this is a good setup tp1- 20 pips, tp2-40 pips and tp3-80 pips (refer to the zones)
Goodluck
CADCHF ANALYSISCADCHF ANALYSIS
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Idea is not the financial advice!
CADCHF sell! Going down!! Sell at the break!Hello Traders, here is the full analysis for this pair
Watch strong price action at the current levels for SELL GOOD LUCK! Great SELL opportunity in CADCHF ..
I still did my best and this is the most likely count for me at the moment.
CADCHF W2 Jan 2021 CADCHF
Short Setup
Setup is done based on its consolidation pattern in a shape of a triangle since early June 2020.
Invalidation zone may be placed just outside of the triangle pattern around 0.70000-0.70500 area.
CADCHF - Bearish BiasCAD - BEARISH
1️⃣ Declining in oil prices pressured the CAD.
2️⃣ The risk-off tone undermined the commodity-linked currency like the CAD.
CHF - BULLISH
1️⃣ A slight deterioration in the global risk sentiment might undermine demand for the safe-haven Swiss franc.
2️⃣ Investors turned cautious amid worries about the continuous surge in coronavirus cases and the discovery of new variants of the highly contagious disease.
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Technical
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We are selling the CADCHF below the resistance of 0.69700 + below SMA 50 on the H1 chart.
cadchf long then short. Contact me best account managementcadchf long then short . Contact me best account management
CADCHF, 4hr tf, double top pattern inside descending channelHello my friends,
Another setup to trade is CADCHF pairs.
As you can see CADCHF moving inside a descending channel for the last 2 months.
I don't see any pattern to confirm a breakout yet.
As long as price inside this channel, we will only look to sell.
There is a double top pattern and price currently retracing at 61.8% fibonacci level.
Exactly at this area, there is EMA-200 which acted as resistance.
If you look to the left, there was a gap from this point as well before which i think will acted as a resistance as well.
In conclusion, this 0.6930 area is an area of confluence resistance.
Sell CADCHF 0.6930
Stop loss 0.6965
Take profit 0.6860 (2R)
RR Ratio 1 : 2
Use only 1-2% risk
Good luck
short on cadchfDescending triangle on cadchf we are looking to short it, setup will be invalid when a clear breakout of the descending triangle formation has occured.
CADCHF descending triangle (heading south) ShortTrend : Ranging --> Downtrend
Tihs pair is currently inside the descending triangle. im already inside the trade, will take profit once it reaches my support line. If you wish to enter a trade on this new idea, please wait for a clear breakout before you enter the trade. Thanks
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CADCHF - SWING - 28. DECE. 2020Welcome to our weekly trade setup ( CADCHF )!
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1 HOUR
Bearish price turn..
4 HOUR
Strong closure below main sr level.
DAILY
Overall bearish market structure after a pullback.
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FOREX SWING
SELL CADCHF
ENTRY LEVEL @ 0.69200
SL @ 0.69540
TP @ 0.68730
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
