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Cadchfshort

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
Short
by LBAsset
1
CADCHF SELLTraders! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. CADCHF SELL @0.75394 SL @0.76101 TP @0.74953 TP @0.74501 TP @0.74102 LINK IN BIO!! **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. _________________________________________________________________________________________________________________________________________ Thank you for your support! AkilajFX
Short
by AkilajFX
1
Cad Chf Sell The Daily Triple Top!!!!Cad Chf Has A Daily Triple Top. If you use a Fib Retracement tool you can see that literally every level is acting as support. This is a triple top trend reversal pattern on the daily chart. This means that price will move down very far and then the pullbacks can be up to 50 pips... So we have the high , we need a low, then we need a higher low, and a lower low. If you trade the daily chart , this will all happen on hour 4! Use a small lot size, you can open 3 trades with tp1 , tp2, and tp3! After tp1 hits , move stop loss to entry on the other 2 trades for a risk free trade! P.S. Of all the trades I see on the charts, this pattern is the most rewarding and highest probability of being correct.
Short
by RlcTrading
CADCHF Bearish PennantOn the Weekly chart, the CAD has been progressively falling against the CHF from around 11 SEP 2017 in a choppy but progressive manner. The bearish resistance trend line has been a strong point throughout this time and hasn't been broken in a strong manner. Moving towards the daily chart, price has recently rejected the swing high of the resistance trendline and now I am of the opinion that CADCHF is now ready for a bearish push. My targets are around 40 - 80 pips fall however since we are in the direction of the overall trend the fall may be much stronger and longer.
Short
by IllusiveShroud
1