Get started

Cadchfshort

CADCHF TO COMPLETE A DOUBLE ZIGZAG CORRECTIVE PATTERNHi Traders, The CADCHF has just completed a zigzag correction which retested a swing level that lined up with 50.0 Fib ratio and descending trendline. . The correction which is most likely wave (b) of Y of double zigzag pattern signals the continuation of the downtrend in the wave (c) of Y. . Considering that traditional technical analysis agrees with Elliot Wave analysis we now have solid evidence to go short on this pair. . The target for this setup is the support 0.73333 that's between 61.8 and 100% FE of wave (a) of Y. . Best of luck on the chart! Veejahbee.
Short
by Veejahbee
Short Position for CADCHFAfter the breakout from the Ascending Triangle Pattern, CADCHF starts showing a Bearish Continuation by Declined the Moving Average Exponential. After the Decline, I decided to entry Short Position ( Sell ) SELL @0.7520 STOP LOSS @0.7570 TAKE PROFIT @0.7455 This action was taken by Chart Pattern analysis and a combination of Standard Indicator, Moving Average Exponential ( 10 & 20 ). This is just my analysis, don't consider this as a suggest unless you suit with the risks. Good luck !! Cheers !!
Short
by Maserati_KS
1
CADCHF - Short within ABCDear community, my SHORT idea is based on the Elliot Wave count, Fibonacci Retracement and classic chart analysis. Major facts that support my idea are: - The price formerly formed and broke out of a beautiful ending triagonal, indicating the end of the impulsive 1-2-3-4-5 up move and the start of the a-b-c correction. - The price dropped initially forming the A of the correctional a-b-c - The price recovered and corrected back into the 50% / 61.8% Fibonacci levels, which would traditionally be seen as strong reversal levels === Taking all these very convincing facts into account I am confident to believe that wave b is soon coming to an end, starting the last and most powerful downward wave c . A potential target can be determined as soon as wave b is complete and wave c has started (to be posted in the updates). Good luck!
Short
by TFLOfficial
CADCHF approaching resistance, potential drop!CADCHF is approaching our first resistance at 0.7544 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support at 0.7504 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
CADCHF - Can The Bears Override The Bulls ? Okay, so not a pair I usually trade or analyse but it was requested and I humbly accepted. So we can see bulls are in control at the moment, I see an upside move of around 80 pips before we can see a good reversal zone met. I will be looking for the descending trend line to be respected between the 71%-88.6% Fibonacci zone. This will also be a good rejection from the weekly key and we can look for bearish candle stick patterns to indicate a reversal and then our next Lower High will be confirmed. This will then be anticipating a Lower low to continue the downtrend and we can see price drop of around 250 pips. Stop losses will be just above the weekly key. Instagram: keownarcher
Short
by KeownArcher
1
CADCHF approaching resistance, potential drop!CADCHF is approaching our first resistance at 0.7544 (horizontal pullback resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support at 0.7502 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
CADCHF approaching resistance, potential drop! CADCHF is approaching our first resistance at 0.7544 (horizontal pullback resistance, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7502 (50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill