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Cadchfshort

CADCHF H1 SHORT PRICE ACTION FORECAST Although the price has been fighting to get into a healthy correction, to heal the EMA's overextension, a strong area of resistance continues to work as a line of defense, preventing the upward movement toward the FIB's golden levels. If the price fails to break the area, a bearish continuation towards the next support level is unavoidable. The reason why a short entry is placed The order: Type: sell-stop S/L: 20 pips - R:R | 1:2 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
WHY WE LOOK TO SHORT CADCHF?===== MARKET OUTLOOK ===== CAD - BEARISH 1️⃣ Oil price gains are capped by concerns the resumption of COVID-19 in America will curtail demand. 2️⃣ Flaky risk sentiment are hampering the Loonie. CHF - BULLISH 1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases. 2️⃣ Risk-off markets sentiment will help Swissy. ===== TECHNICAL ===== 📊 We look to short #CADCHF on SBR level + SMA50 area. 📊 CADCHF in bearish zone. ===== MONEY MANAGEMENT ===== 💵 Please use only 1-2% risk per trade or you can use recommended lot in pinned message.
Short
by MonsunAsia
cadchf shorttwo things to keep in mind : 1.Switzerland is expected to maintain its ultra-expansive monetary policy for some time as it is facing the sharpest downturn since the aftermath of oil price shocks in the 1970s. 2.The SNB President Thomas Jordan has been reiterating the CB will continue to intervene strongly in the foreign exchange market to stop the rise of the highly valued franc in order to prevent deflation and protect the export-orientated economy on the other hand oil market will head down this week and cad with it and gold is rising with chf so its safe for sometime to keep with the trend here u need to know your exit by your self take this trade on your responsibility
Short
by Adel_Tunisi