CADCHF shortGood setup, strong resistance level + Confirmation. I would like to add that I am bearish on CAD and this trade complies with my overall longer term direction
Cadchfshort
SELL TRADE SETUP ON CADCHFHey Traders,
Check this trade on CADCHF out.
The pair consolidated for the best part of Friday then broke out after US data was released.
Wait for the break of the previous low (breakout low) before entering a short opportunity.
Trade Safe.
CADCHF - Descending channelThe price moves in a descending channel and has reached the upper part of the channel and a strong resistance level. It is expected to move downwards and target previous support levels as well as the lower part of the channel.
1D descending channel:
Good trading!
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CADCHF Bearish ShortDivergence is formed.
CHF is Bullish for today.
CAD is bearish for today.
Take 2% of your whole Account
Entry Price: 0.66314
Stop Loss: 0.66778
Take PRofit 1: 0.65853
Take Profit 2: 0.65384
CADCHF SELLit seems that the strength of up-trend is getting weaker and it's suitable for Sell (Short Position)
CADCHF BEARISH IDEA (DOUBLE TOP)potential bearish entry
Dow Theory in Place: Lower High and Lower Low Expected in Place
The double top, coupled with bearish divergence (a bearish reversal pattern).
The bullish trend is still intact; (be careful with your levels)
Entry, SL, and TP levels are defined.
CAFCHF SHORT - PRICE AT KEY AREA!Waiting for confirmation at 0.66520 to short CADCHF back down to prior lows at 0.64852
If you agree drop a like and if you have nay questions leave a comment :)
CADCHF - Bearish Trend According to my analysis using the Relative Strength Index (RSI) indicator, there is a divergence present at the moment.
A bearish trend would be confirmed once the first Higher Low (HL) is broken and the first Lower High (LH) and Lower Low (LL) are formed.
As part of my personal trade plan, I intend to enter a short trade with a 1:1 risk/reward ratio.
However, it is essential that you conduct your own thorough research and risk management strategies before making any trading decisions.
TRADE UPDATE: CADCHF dropping to its target of 0.6472Box formation formed on Daily.
We now have an M Formation (confirming further downside).
Once the price broke below, we had our first target in mind.
Which it's now heading to with grace.
200>21>7 - Bearish
RSI<50
Target remains 0.64720
SMC
Buy side liquidity (Above the M Formaiton). This is where Smart money comes and sweeps the buying (selling into it) which creates supply and downside for the market.
All signals are down.
CAD/CHF: Continuing Bearish Trend and Short Setup OpportunitiesThe CAD/CHF currency pair has been caught in a bearish trend since the 4th of April, and this downward trend has persisted, leading to the historical minimum for this pair. Currently, the price movement is not indicating any signs of a reversal or retracement, leaving traders uncertain about where the bearish rally will eventually come to a halt. Across all timeframes, the price continues to exhibit a bearish trend, presenting traders with limited opportunities. Consequently, the best approach for traders is to focus on short setups and continue following the prevailing trend.
Given these circumstances, our suggested strategy would be to maintain a bearish outlook and seize any opportunities that arise for short positions. This would allow traders to capitalize on the current market dynamics and potentially earn some gains.
CADCHF Chart H4Here is my view for CADCHF on H4. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
CADCHF - Long for equal highs ✅Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: Here I expect bullish price action as price took sell stop liquidity and rejected from institutional mid figure 0.66500. My target is the imbalance higher and liquidity above equal highs
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CADCHF SELLHello traders we are currently looking at CadChf Sell for very long time the cadchf has been on a down trend, at this point we wait for price confirmation if price fails to break level 0.66694 that means we would be expecting price to complete the neck line retest at level 0.67427 on the daily time frame (TF) and if price breaks lvl 0.66694 then we would see more of bearish movement, at this point in time we patiently wait for price confirmation thank.
CADCHFFew days market was bearish. But now i think market still going bearish. And now making pattern. So waiting that pattern make some signal. And than i will enter short.
CAD-CHFThe price of this currency pair has been moving in a downward trend on the D1 chart since June 2022. On the H4 chart, the price has reached a resistance level that previously served as an important support level. In addition, the price is very close to the upper line of the descending trend channel, which is another indication of an opportunity to open a SELL position.
CAD/CHF March April Challange Hello my friends! How is going your trading week? I hope that is doing well, anyways lets talk about this operation!
Bulish: We are preparing for a trend continuation after the break of the resistance level that we are currently in, for entrys we gonna wait a strong candle, a pattern cadle or something like that.
Bearish: Here for the bearish operation we are waiting a retest in our candle, rejecting the resitance level and then going back to support, we gonna also pay attetion if the price after the retest in the resistance will not go directly to the next suport zone, but is gonna restest at a fib level.
CADCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect price to continue the retracement to take buy stop liquidity and then to reject from bearish order block + institutional big figure 0.69000.
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cadchfstrong order block at 4 hr frame so i think it will fall down to touch the daily support again so it is good idea to sell it
CADCHF, D1 Technical Analysis | 22 March, 2023Symmetrical triangle formed. Suppoert line breakout happened. Fibo 61.8% retracement completed with strong bearish candle.
WAIT FOR A RETRACEMENTWith a Monthly and Weekly bearish trend, the ideal is to go bearish on the lower time frame. And on the 4H there is a supply area the coincides with the 78.6 Fib. With the 3 time frame in sync, if price can come to that area then for me it is a good short position
This is not a financial advice, and make sure to calculate your risk before taking any trade
CAD / CHF 1HThe ascending trend line was breached, the support level was breached, it closed below it, and closed below the indicator DEMA 200 low
Dumped 750lot cadchfDump it
Dumpot
Dumpit
Cadchf short
Yes dump it
We are firm we do trading toheyher
CADCHF top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
