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Cadchfshort

CADCHF bearish continuation the week of 19 Sep 2022This pair has been bearish for a while, for the most part has been respecting previous significant levels (areas). Price broke below the marked s/r zone and I am expecting a re-test of the 0.7320-0.7300 area. I will be looking for some bearish PA for a trend continuation trade to set up. The next target is located in the 0.7170 area. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
High Probability CADCHF shortsFirst the daily orderflow is bearish... Its not a must that price returns into a particular TF's reversal zone.. it can decide to reverse from anywhere it likes provided momentum is to the downside. ON the H4 timeframe we can see price (according to the Dow jones principle) has broken two lows to the downside thereby putting in motion bearish orderflow on the H4. Also on the H4 we can see price is Distributing( taking liquidity to the upside, breaking structure to the downside) Two very strong confluences telling us that price may be headed down... I'd be applying the DM_FX entry model within these zones to find an entry.
Short
by DM_FX_