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Cadchfshort

CADCHF Short 4Hr sellI see a leg 4 to 5 back to the medium dashed line price zone. From there we could bounce and hold support or expance with an additional ABC correction below the dashed line. Daily, weekly, and monthly buyers are showing a possible " > < " In and out symmetrical pinching to expanding pattern on daily and 4hr. Hourly shows divergence for a short and stochastic shows we are getting weaker for bulls. Please adjust and manipulate chart to zoom in. I have drawn the > < trend lines to express the visual I see happening. Also Monthly is in a strong horizontal channel. A nice widening channel over the next few weeks will indicate we are accumulating buyer power for a monthly swing up sometime in 2021?? I could be wrong but overall I am expecting a daily expanding pattern to happen.
Short
by AschraM
2
CADCHF SELL SETUPCadchf has broken the channel and it has already retested the trendline. On retest it show very good rejection. As it can be seen in the chart below: THe second thing that gives me confidence about selling at this point is the head and shoulder formation which has been confirmed by the breakout of neckline and retest. I have placed a sell here and I have my tp in the red box as it can be seen in thee first chart. Sl depends on you. FOLLOW AT YOUR OWN RISK
Short
by Vitaminhovers
1
CADCHF SHORT SETUP (Supply & Demand, Head & Shoulders)You can clearly see a head & shoulders pattern on the h4 or daily timeframe. I am now waiting for a double top on the h1 or a fakout on h4. Wait for price action. Do not enter the trade immediately! Other confirmations to sell: Price broke supply -> now demand lower low created -> waiting now for lower high I set TP1 & TP2 based on fibonacci. I will risk 1% for this trade. After the trade is 40 pips in profit, i will move sl to entry. I will close 70% of my trade on tp1 & move my sl lower to a point where i think the trade will be invalid. Let me know your view in the comments. Join our community. Link in bio.
Short
by stibo
CADCHF - Long or Short OpportunityLooking into the weekly chart we can see that there is a strong overall down trend for this pair. As we come into our lower time frames the Daily/ 4hr we have a smaller bullish trend taking place inside of the overall trend. Do too fundamentals which took places yesterday we had a strong down movement in this pair which has bought us back too the bullish trend line acting as a support for this pairs current movements. This also aligns with a dynamic area of supply and demand. So we could be looking at a bounce off of the trend line and a bullish movement up toward the overall bearish trend line or a bearish movement in which the lower time frame trend line is broken and then looking for a retest to confirm the bearish movement in which we can begin to short looking toward the next area of demand.
by OnlyAnalysis