Cadchfshort
Cad/Chf Is still A Sell!As you can see from simple candlestick analysis on the daily chart , as price moved up to the trend line you can see that buyers have nearly lost all of their steam!
So We have a Very Nice Opportunity to go short for 3 to 5 Days! Patterns like this are always more rewarding when we spot the on the daily chart. On the 4 Hour Chart price has formed a small double top at this area as well!
So if you followed my idea from last week to short , keep the short going!
CADCHF Consolidation Zone Options On the CADCHF is testing the consolidation support of .7380 with the ADX over 20 and the Stoch leaving the SELL zone and Oil in the SELL zone on the daily and 2hr respectively there is more of a probability that the bearish run is xoming. However for myelf I would have to see the BEARS reject the .7380. The target level I would be looking at is the .7250 area to the .7150 area.
If the BULLS are able to hold that support area it could push back up to resistance highs at around .7600
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CAD/CHF: Swingtrade-Opportunity!#SellHey tradomaniacs,
welcome to another free signal!
Important: Wait for the retracement back to entry and sell!
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Type: Swingtrade
Sell-Limit: 0,74555
Stop-Loss: 0,74811
Target 1: 0,73585
Target 2: 0,72816
Point of risk-reduction: 0,74124
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Peace and good trades
Irasor
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BULLISH FOR THE SWISS FRANC Price made a bullish run and met resistance before the Swiss Franc pulled back bearish (50% fib level) to the point of support where price is currently trading. From this level, price has the potential to move Bullish to the price level i have marked with the green horizontal line which is 100% of the 50% fib retracement.
Entry - Grey line
Stop loss - Red line
Take profit - Green line
Risk exposure - 1%
Risk to reward 1:2
CADCHF approaching support, potential bounce! Price is approaching our first support (100% Fibonacci extension, horizontal swing low support) where a strong bounce might occur to our first resistance level (Horizontal pullback resistance, 38.2% Fibonacci retracement). Stochastic is also approaching support.
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