SHORT CADCHF AFTER BREAKOUT FROM CHANNELCADCHF HAS BEEN CONSOLIDATING ON THE TRENDLINE, I EXPECT A BEARISH MOVEMENT IN THE COURSE OF THE WEEK
Cadchfshort
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.
CADCHF - SWING - 28. SEPT. 2020Welcome to our weekly trade setup ( CADCHF )!
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1 HOUR
Very bearish price action and pressure..
4 HOUR
Prices looking for more downside movements..
DAILY
Overall bearish market, good entry levels!
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FOREX SWING
SELL CADCHF
ENTRY LEVEL @ 0.69150
SL @ 0.69440
TP @ 0.68700
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
CADCHF - Take AdvantageAfter breaking the ascending triangle we began to see bearish momentum but that soon slowed down and now it looks like the price has failed to continue the downside and we are in the process of a structural shift indicating a potential buying opportunity.
COT DATA - 55% Short
CADCHF SHORTCADCHF set up Interesting too see how this plays out looks good across multiple timeframes. Failed retest of breakout indicating there is still some bearish momentum left in this pair . Also nice bearish candles on the hourly should see a push down today.
CADCHF SHORT TRADE SETUP CADCHF LOOKING FOR GOOD SELL POSITION FROM 0 0.6905 STOP LOSS Must be Above 0,6985
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!
CAD/CHF - Break & Retest Price has broken support. We are expecting price to continue further to the downside.
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.
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TECHNICAL
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- We're shorting this pair on SMA100 area + SBR level on H1 chart.
- CADCHF on bearish zone.
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.
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TECHNICAL
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- We are looking to short CADCHF on SBR level + SMA100 area on H1 chart.
- CADCHF in bearish zone.
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RISK TO THIS TRADE
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- This trade will hit stop loss if market sentiment turns to risk-off.
CADCHF SHORT PRICE ACTION FORECAST The price action shows a bearish bias with the Canadian dollar. However, only if the price can break through the demand zone and retest the level will allow the pair's short entry.
The order:
Type: sell-limit
S/L: 23 pips - R:R | 1:3 -
T/P: previous support level
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CAD/CHF - Ichimoku Short TradeThis pair broke out nicely last week and I'm looking to hop into a bearish trend continuation.
I am waiting for a break below current price structure to confirm my entry.
I've drawn out my partial take profit levels on the way to my overall price structure target I'm aiming for.
If we fail to break below recent price lows, or if our bearish confirmations change, this setup may become invalidated.
CADCHFOn recent price action, price makes higher highs and higher lows an ascending channel for weeks. Price has just tested the resistance of the higher high and does not succeed in breaking it. On the other hand, the RSI (14) shows that the market is over bought and has come back to break through the it's 70 support level. I am expecting price to come back to test the support level on the higher low. The trade idea invalidation level (Stop Loss) is 0.70184.
CADCHF on resistence levelCADCHF is on the way down due to a strong resistence level.
Entry: 0.69852
TP: 0.69440
SL: 0.70054
What do you think? Thanks for comment.
CADCHF SHORT HIGH PROB. SETUPChannel resistance may return price to the previous channel support level.
