CADCHF ShortCADCHF has reached a very important level of resistance and is now forming a head and shoulders. Enter after a breakthrough of the bottom line after completion of the right shoulder.
Cadchfshort
CADCHF SHORT PENDING HOURLY CLOSUREA nice short opportunity has appeared for CADCHF. We had a live analysis of this pair on our daily live session today. A nice inverted hammer off the top of a bearish pennant. The setup also has a nice R:R. We need a closure outside of the hourly trendline to confirm the short.
CADCHF CLOSE TO RESISTANCEPrice is now approaching resistance, as long as the market is weak we can expect it to drop.
CADCHF - Supply Zone SELL 4H This idea is based on my understanding of order flow.
A significant drop allowed me to define a supply zone where open sell orders are left over (red zone). After the drop , the price has recovered in a compression zone (Green zone). The compression zone ensures that in this area, where the price is slowly rising, the buy orders are "eaten up" piece by piece.
If the price moves up to our supply zone, we can expect a pullback as there are still open sell orders in the zone that are now triggered.
I am looking for my target on the last demand zone which is exactly before the significant rally. Thats good for the idea!
If the demand zone after hitting TP breaks, we can go for the second target. Important: Only if demand zone breaks!
Due to our compression zone, in which almost no buy orders are now placed, we can assume that our second target can be reached quickly at the beginning of the compression zone.
Infos about the Trade:
Entry: 0.7526
SL: 0.75605
TP1: 0.73903
TP2: 0.72659
Risk: 34.5 Pips
Reward TP1: 136 Pips
Reward TP2: 260 Pips
Risk/Reward ratio: 3.94
Use proper money management!
I recoment to risk max 2% of your entire balance if it hits SL.
Happy trading!
I'll keep you up to date and give trade updates. Stay tuned!
CADCHF reversed from resistance, potential drop!
CADCHF reversed off its resistance at 0.74828 where it could potentially drop further to 0.74364.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CAD/CHF : Possible Big DropBUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !
CADCHF reversed from resistance, potential drop!
CADCHF reversed off its resistance at 0.74444 where it could potentially drop further to 0.74218.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF bounced from support, potential for a further rise!
CADCHF bounced off 0.74063 where it could potentially rise further to 0.74535.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF - SHORT POSSIBILITYPRICE BROKE LAST SUPPORT WHICH BECOME NOW RESISTENCE, SELL THE RESISTENCE RETEST TO THE NEXT SUPPORT
CADCHF bearish| Fundamental AnalysisHurricane may influence the Oil prices. Overall, we do see more downside for the Cad because of the trade war. More economies are cutting rates because of the tariffs and BoC has the potential to announce some dovishness in this week's meeting.
Incase of CHF, Risk-off continues to flow into the market and haven flows have the possibility to stay elevated in the short term.
Go Short as CADCHF Consolidates Below Trend LineIn the daily chart, we can see that the CADCHF has been consolidating after breaking the support trend line earlier this month. It is now testing the support-turn-resistance trend line again after a 160-pip rally from 0.7266. This provides a good opportunity to sell on a pullback.
CADCHF shortWe have seen price trading sideways on this pair since january 2015. There has been no clear indications of the long term direction of this pair.After the strong move down at the end off beginning of august price has started to form a bear flag on the 4 hour time frame. This consolidation zone sugest there is more downside to come. Targets at 0.69
CADCHF-Short on 240minI have been waiting for this trend line break and retrace.
Entering this morning.
CADCHF SHORTTook me out for -1.67%
I still stand on my analysis. Short again.
It is important to risk manage so even if my trades end up in losses, i cant still trade another day!
IVE LEARNT THAT THE HARD WAY TRUST ME :).
CADCHF Retest Halt. Ready to dropPrice retested trendline. Long wick on 4HR chart indicates that it is going to drop today
REMINDER | FOLLOW UP SPECULATION ON CADCHF | LONG TERM TRADESee chart for illustration.
This is a follow up from earlier publication (see link below) as SHORT tendency keeps building up!
Lower time frame speculation shall come up soon as price action is been monitored
CADCHF TO CONTINUE BEARISH Price is currently at resistance and is showing bearish potential along with bearish divergence.
Entry - Grey line
Take profit - Green line
Stop loss - Red line
