CADCHF, 4hr tf, Head and Shoulders pattern to materializeHello my friends,
This setup might a little bit contradict my GBPCAD call as for GBPCAD to be favorable, we want to see CAD stonger than GBP.
But on the same time, CADCHF also making a potential shoulders head pattern and price already broken through the necklne or trenline.
That trendline or neckline was previously a support and also an area of confluences.
With price breaking below it wind a soid canle close on daily and 4hr tf, we could say sellers are really pushing it down hard.
Notice also the Friday candle of CADCHF looks like a bearish pinbar.
If this is really a head and shoulders pattern, then the measured objective is around 155 pips.
There is some key support on the way down so we will only try to aim arond 100 pips of the measured objective.
Sell CADCHF 0.6975
Stop loss 0.7000
Take profit 0.6875 (4R)
RR Ratio 1 : 4
Use only 1-2% risk
Good luck
Disclaimer : i hold cadchf sell position from 0.6975
Cadchfshort
CADCHF: Rejection From The Ichi Cloud...BEARISH Movement!!As price level move closer to the resistance line @0.6998, I will be see BEARISH pressure building for this pair. Currently, we can see price moving in the ichi cloud where a rejection from there could give us a nice BEARISH signal to the downside. I will be targeting the 1.618 price level which is also a strong support level @0.6916 price level. This will be a short term trade opportunity.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
CADCHF - Sell - Daily ChartCADCHF - Sell - Daily Chart
Horizontal Channel
Sell @ 0.70035 or a Break of the 0.70035 level
Stop Loss @ 0.70703
Take Profit @ 0.68364
Please share your opinion in the comments, and support the idea with a Like 👍
Thank you for your support 😊
Wishing you successful trading 🙏
------------------------------------------------------------------------------------
🔺 Disclaimer! The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market.
------------------------------------------------------------------------------------
CADCHF 4H [11/12/2020] Market OverviewCADCHF 4H Market Overview
Possible Sell opportunity, Strong rejection from Resistant area, we'll be looking to short the Cad-swiss from this area - Price has been contained in a little ascending channel towards .7050 resistance, I expect a move to downside going for .69666 and 2nd target .69100 Manage Your risks Accordingly.
Traders! if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together.
Disclaimer
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support!
CAD/CHF SELL 📉👋 Hello and welcome traders to another trade idea with Fobian
☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅
👉 WE have sell conformation:
- Trend was broken.
- EMA's give us SELL signal.
- Candle close below ASIAN session.
💡 Why should you follow our profile on TradingView?
Consistent chart updates
Clean charts
Short and long-term perspectives
Visually teaches you valuable lessons
High probability setups
Analysis on a wide range of major markets
SMASH that follow button! 👍
💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you!
Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
CAD/CHF SELL 📉👋 Hello and welcome traders to another trade idea with Fobian
☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅
👉 WE have sell conformation:
- Trend was broken.
- EMA's give us SELL signal.
- Candle close below ASIAN session.
💡 Why should you follow our profile on TradingView?
Consistent chart updates
Clean charts
Short and long-term perspectives
Visually teaches you valuable lessons
High probability setups
Analysis on a wide range of major markets
SMASH that follow button! 👍
💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you!
Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
CADCHF 4HRSHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
CADCHF SELL CADCHF SELL (Market Execution)
SL: 0.6947
TP:0.6863
Enter: Now
Type of Trade: Swing Trade
3% or Lower of account! (You're a businessman, not a Gambler.)
Hello Everyone. This Trade is part of my 2/3 pairs that I'm choosing to only trade for the remaining of the year.
On the weekly/Daily, this screams bearish.
On the 4hr time frame, we see where it broke structure at around .69279, and then it did a retest of that same area and came down to make a lower low.
This is an 80% sell long term to the downside that probably won't play till next week.
On the 1hr TF is where this trade will take place.