Get started

Cadchfshort

CADCHF BearishAfter forming a beautiful M and dropping price has been in range for days 9 in all. 9.5 depending on the kind of trader you are. So currently as I see it price is on Level 1, at the very top of level 1. Price can drop from here or continue upward to retest the breakout again. That would suck since I've entered 2 small positions. I will set limit orders for higher up in case of movement while I'm not in front of the chart. My timing may be off, but this is most def one to watch. Lets see if price falls from here!
Short
by SSJNat
CADCHF - BEARISH BIASCAD - BEARISH 1️⃣ Investors turned to safe-haven currencies amid concerns over surging coronavirus cases worldwide and the possibility of further lockdowns. 2️⃣ A fresh leg down in oil prices undermined the Loonie. 3️⃣ Ontario, the country’s most-populous province, cracked down on private social gatherings amid a spike in infections. CHF - BULLISH 1️⃣ The European country has been hit by a second wave of coronavirus infections with countries like Spain and the UK considering imposing more restrictive measures. ==== TECHNICAL ===== - We're shorting this pair on SMA100 area + SBR level on H1 chart. - CADCHF on bearish zone.
Short
by MonsunAsia
CADCHF - BEARISH BIASCAD - BEARISH 1️⃣ Investors turned to safe-haven currencies amid concerns over surging coronavirus cases worldwide and the possibility of further lockdowns. 2️⃣ A fresh leg down in oil prices undermined the Loonie. CHF - BULLISH 1️⃣ The risk-off tone likely to remain supported the safe-havens flow. ===== TECHNICAL ===== - We are looking to short CADCHF on SBR level + SMA100 area on H1 chart. - CADCHF in bearish zone. ===== RISK TO THIS TRADE ===== - This trade will hit stop loss if market sentiment turns to risk-off.
Short
by MonsunAsia
2