CADCHF SHORT We can see clearly that we engulfed previous week.
That means that 0.7400 is inevitable.
Daily wait for a retracement, sell around 0.7550 cuz it's a zone when all sell orders were made.
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Cadchfshort
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.
CADCHF bounced from support, potential for a further rise!
CADCHF bounced off 0.75837 where it could potentially rise further to 0.76083.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF in sell zone againwe have nice opportunity to open short position here for CADCHF. we have strong resistance on the red line that keep price below itself for 9 month ago till now. we open short at .764 and put stoploss above red line and target is long Trend line (black) that is supporting price for more than 4 years!
CADCHF ShortCADCHF
0.76115 ------ Curical level of rezistance.
Daily 3 pin bar, wait for another retest of that zone and for cad news.
CAD/CHF shorts1) Triple bounce off the trend line
2) Consistent higher lows (HL)
3) Strong resistance at the .76139
CADCHF SHORT hello everyone, a nice short is appearing on cadchf! lets wait for price action and next week look to short it! good luck!
CAD/CHF SHORT SETUPHaving a very good CADCHF shorting opportunity coming up this week...100+ pip move I believe. Not only do we have this very steep uptrend it hit a major level with a confluence on the daily and 1hr timeframe. On top of all that the Stochastic RSI indicator is showing major divergence. This is probably a 70%+ chance trade with 1:4 RR. I would use 30-40 pip stop loss with 100-125 pip TP. Let is ride and have a 20pip trailing stop.
CADCHF bounced from support, potential for a further rise!
CADCHF bounced off 0.75702 where it could potentially rise further to 0.76204.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
POTENTIAL REVERSAL OPPORTUNITY price reached important zone, previously this pair reversed from this zone five times, am waiting for good signal to go short.
CAD/CHF SHORTCAD/CHF SELL LIMIT & 1 Market Execution
ENTRY 1 .75890
ENTRY 2 .76080
Sl .76279
Tp.1 .75660
Tp.2 .75240
Tp.3 .72840
CADCHF ShortPrice forming a rising wedge on the lower time frames. I will be taking this short with a tight stop once bearish PA confirms reversals. Conservative traders Can wait for break of local trendline.
Ideas on CAD/CHF Short after Tripple TopHi Traders,
following my trading ideas to the minor pair CAD/CHF for the next week. At first we should say that this pair is moving sideways for 5 years (since 2015). This makes it kind of difficult to tell the direction of the market.
With the closing of the market on Friday we are facing a huge resistance level round about 0.74936.
In my chart you can see two options:
1. LONG: Turning at the current resistance level and move in direction to price level 0.76152
2: SHORT: Breaking through the current resistance level in direction to the short term price level at 0.74338 and long term price level at 0.73603.
I believe in the continuing of the current short movement (Option 2). We have got 3 strong bearish candles and strong bearish momentum with the closing of the market on Friday. So if you ask me, after building of the tripple top last week we will see the short movement to the first price level on 0.74338 breaking the pattern line and continuing to 0.73603.
Its pretty easy to trade this pattern with the confirmation by the next candle and make sure to set a tight stoploss for this trade.
Feel free to share your thoughts!
Best,
Lukas
CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.74864 where it could potentially react off and up to 1st resistance at 0.75371.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.74872 where it could potentially react off and up to 1st resistance at 0.75281.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
