Cadchfshort
CADCHF - WEEKLY SWING - 12. FEB. 2019WELCOME TO DACAPITAL-TRADING!
NZDUSD FOREX BREAKDOWN 30 JANUARY 2018
1 HOUR
Bullish pullback towards our entry and resistance
4 HOUR
Bearish market with small pullback now!
DAILY
Strong bearish reaction to 0.76400!
LEVELS
SELL CADCHF
ENTRY @ 0.75870
SL @ 0.76330 (45 Pips)
TP @ 0.75340 (50 Pips)
RR: 1.15, use normal risk!
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CAD/CHF 4H SHORT POSITIONSHORT POSITION:
Price has already broke and retested the upwards trend channel, resistance
and 0.382 Fib retracement level
Waiting for entries on this pair depending on market open on the {11/02.19}
I will enter straight away but if market gaps up I will wait for a second retest at
the resistance level and 0.382 Fibonacci Retracement Level before going SHORT.
CadCHF getting lower to the keylevel 74.00the CADCHF broke the Trendline and retested it. now it is following a clearly downside movement to make an. double bottom togo bullish again. this downside movement is just a retracement for the current level.
after 74.000 CadChf will rise again. to a target of 0.79. mason for this is that I believe that CAD has scope a strengthen further, extending its recent recovery. and this in contrast with the CHF where the SNB is dovish about their monetary plan.
CADCHF Short Idea 1HENTRY: 0.75909
SL: 0.76011
TP: 0.74850
Entered this trade off of a market execution.
This is one of my friend and mentor's favorite pairs.
on the 4H time frame I boxed out the consolidation zone. I waited for a break out of that box and the retest off of the Kijun.
Other signals:
- Break out of Kumo
- Dark Future
- TK Crossover
Let's see what happens!!
CADCHF Approaching Support, Potential BounceCADCHF is approaching its support at 0.7543 (38.2% Fibonacci retracement, Horizontal swing low support) where it could potentially bounce to its resistance at 0.7574(50% fibonacci retracement).
Stochastic (89, 5, 3) is approaching its support at 9.1% where a corresponding bounce could occur.