Cadchfshort
CADCHF SWING SELLTrading is a marathon not a sprint - you want to be around for the long term not just a single week.
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CADCHF sell incoming - EQUIY.Dear traders,
So as you can see we expect CADCHF to go short. We think it will go short because the markt is now in a strong weekly supply zone. If you zoom in on the daily chart you can see we are now also moving to strong supply zone that’s been filled right now.
It will be much clear on the 4h chart, you can see we are creating now a nice “M formation”. We will wait till it reach our zone and then we will sell.
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CADCHF shorting scenarioDear traders,
Here we have a nice setup on CADCHF. As you have seen a decent rally in the past week and this pair has reached to a major level of structure and bounced back nicely with a bearish engulfing candle. I have gone short on this and marked the tp and sl for you as well. Wait for it to go up a little bit before entering short.
Let me know your thoughts.
Trade safe and good luck.
CADCHF SELL ON H4 & D1Trend continuation
Channel down.
Head and Shoulder formed and neckline broken and retested on h4.
We wait for gap and rally to catch the best entry and R/R
Goodluck!
This is a swing setup and might take a week or two to complete.
contact me to join our free channel or anything you need.
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.
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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.
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Considering that traditional technical analysis agrees with Elliot Wave analysis we now have solid evidence to go short on this pair.
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The target for this setup is the support 0.73333 that's between 61.8 and 100% FE of wave (a) of Y.
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Best of luck on the chart!
Veejahbee.
CADCHF retracement before continuation of the daily downtrendI am anticipating a 38.20% 2H retracement before price rallies to the daily 50.00% retracement level for 50 pips (also the third daily trend line touch). If price breaks the daily trend line we can expect a rally to the next resistance zone (0.75550); However, if price rejects the trend line, I expect the continuation of the current downtrend for the next lower low point or an hourly double bottom.
Regards
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 !!
CADCHF approaching support, potential bounce!CADCHF is approaching our first support at 0.7468 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 0.7518 (50% Fibonacci retracement).
Stochastic (89,5,3) is approaching support as well.
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Losses can exceed the initial investment so please ensure you fully understand the risks.