Cadchfshort
CADCHF Short Now?CADCHF has broken through a weekly support (yellow zone plotted on chart) and has perfectly retested the broken support. The previous support is now acting as resistance. On a daily timeframe, CADCHF is forming a bearish flag pattern (a continuation pattern), indicating that the pair may see further downside.
Price is currently attempting to break the supportive trendline and price is completely bearish on a 4H timeframe, presenting a good opportunity for bears to open short positions now.
Only open a position if you are satisfied that the setup meets your strategy's requirements.
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Daily Update--CAD/CHF-- Big Chat View Forecasting 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. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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CAD/CHF, we are looking for a another solid shorting opportunityCADCHF is currently creating a beautiful Head and Shoulders formation. Price has already broken bullish trend. More risky possibility is to open sell entry now and put your stop above resistance or safer one is to wait until price breaks neckline to take short.
CADCHF H1 SHORT PRICE ACTION FORECAST After the rejection from the key level forming a tweezer top, the bearish bias in the price action could be forecasted. Expecting the bearishness in the price action to continue and trigger the short order, following close due to the next support zone blue-dotted line, as the price can find some rejection at the level
The order:
Type: buy-limit
S/L: 25 pips - R:R | 1:2 -
T/P: aiming at the next support level