Cadchfshort
$CADCHF POSSIBLE SCENARIO IF PRICE BREAKS BELOW THE CONSOLIDATION CLUSTER IT CAN FALL AS SHOWN IN FIG ABOVE. OTHERWISE RANGE PLAY WILL EXISTS AND I WILL LONG TILL TOP OF RANGE ON MARKET STRUCTURE BREAK
200 PIP TP CADCHFprice broke trendline after reaching the top of this channel, looking for a short position once this correction has been fully broken as well.
Cad/Chf Update 3! Moving Down in the Hour 1 ChannelCad/Chf is moving down but I believe we still need to break out of the Hour 1 Channel before we know for sure that the Reversal has truly happened.
If price breaks from the hour 1 channel down, a sell would be safe to enter but must watch out for minor support in the yellow zone below....
CAD/CHF ::: SELLSell CAD/CHF With 55 Pip Stop Loss and About 150 pip Take Profit. there are a lot of reasons that chart will Fall Down and Sellers will be Won Here.
CAD/CHF : Looking Hot For SELL BUY & 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 Strong resistanceLooking at the H4 chart we see rejection at the same mark as a previous H4 swing high, resting just above this level is a major Daily zone of which we have also tapped and shot out of. I will now be looking for reason to enter short positions into this trade!
Cad/Chf Reversal Soon Update!Price could reject this Yellow trendline and go straight down from here.....
Or Price could Go Up To Resistance and Reject Resistance and then Fall Down...
Use your entry reasons to enter sell as soon as the reversal happens!
Some people use the 5sma and 10sma Crossover...
Some People Use Trend LIne Breakouts....
Some People Use Candlesticks Only.....
Its up to you!!!! We watch this closely from here!
Cad/Chf Almost Ready For A Reversal (Divergence On Oscilator)Cad/Chf is near ready for a reversal. As you can see on the chart with hour 4 , Divergence has been spotted! Does this mean to enter a sell right now? ABSOLUTELY NOT!
So how do you enter a sell? You can enter with many confirmation tools.... Such as A Moving Average Crossover, Candlestick Analysis, Etc!!!!!
These Yellow Zones on the chart was created on the Daily Time Frame because when you trade, you always draw these zones on the time frame higher than the one your trading on!
So wait for price to hit the daily resistance level on HOUR4 Chart... Then Find your reason to go short!
Happy Trading!!!
POTENTIAL FURTHER DOWNSIDE ON CADCHF This pair is in an overall downtrend and we may see price re-test the zone i have marked with the grey line to potentially break bearish and make new lows.
Entry - grey line
Stop loss - red line
Take profit - green line
Risk exposure - 1%
RR- 1:2
CADCHF bounced from support, potential for a further rise!
CADCHF bounced off its support at 0.74909 where it could potentially rise further to 0.75469.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF short opportunity.I do not think this blue line holds. If it holds the next price to short would be from the next yellow resistance line.
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 potential reversal!CADCHF expected to rise up to 1st resistance at 0.74353 where it could potentially react off and drop down to 1st support at 0.73857.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF Latest Technical AnalysisCADCHF sale .74450
Target 0.73350, 0.73850
Stop Loss .75000
Mid Term Trade
Note: This is only for Educational Purpose this is not Investment advice.
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Thanks
Adil Khan
