CAD/CHF Resistance On CAD/CHF is nice to see strong sell-off from the price 0.73080 , there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale
CAD (Canadian Dollar)
CAD/CHF:SHORT From Retest Resistance 61.8% FIBO SELLCAD/CHF after our previous Winning Idea, Today the price after a retest of the previous support seems ready to have another push down in the direction of the main trend with rejection on the 61.08% Fibonacci level from the last swing. 0.7185 is our next target.
CAD/CHF: Review!!!In this review, I trade CAD/CHF to short and I was vey good when the price reach $0.7260 CHF, but I closed up this short before of it in $0.7304 CHF. What I get a earnings of 2.74% in this trade. As also, I put a long position in this black arrow in the bullish evolving but the price fell entry in$0.7303 CHF and I loss 0.76%.. So in comparison, I get more earns than loss in this trade, as only I got 1.98% in earnings. But the only to fix it's being disciplined a little more and also when we trade into this bearish channel, the best bought it's in the support of the channel.
This it's the bearish channel in H4 timeframe what CAD/CHF developed
So guys, technically we see a potential long position in these levels as we see a buliish divergence in RSI forming a lower high, and price action lower low. indicating a possible change of trend. What we could to get this opportunity to long CAD/CHF.
So, in the past week I had 12.70% in profit and plus 1.98% it's that I have 14.68% in profit during this month September
***But now, I'm in long in USD/JPY from Friday the last week as I decide to hold this long position in U.S. Dollar against Yen Japanese. So, the profit in this par could be significantly to know.. But I will make an update on USD/JPY and not a review yet until goes to my target as Stop Loss in case.
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.
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CADCHF | new zone | 16sepBe sure to see the previous two analyzes
Their link is at the bottom of this post
I still think that the trend of CADCHF is bearish and we should look for the best range to sell
This is the second time I update this analysis
And I lower my range
Important point: The point is that those two upper ranges have not been used yet and it is possible that the price will return to them
So be sure to enter this new range after confirmation in the lower time frame
CADCHF Swing SHORT + 150 PipsWelcome back! Let me know your thoughts in the comments!
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CAD/CHF Finally Closed Below Our Support , Time To Sell It ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
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CAD/CHF: bullish envolving patternI this update as I do in the comment box in CAD/CHF where I was shorting. My bearish movement was a good expectative, but price action show us a bullish envolving pattern that you must to be carefully, because in that point we're in the market reversal.
Also, I want to share in H4 that we're in the bearish channel, and also we forming like a descending line that in any moment as we see a bullish signal, we could to break-up this market structure in this par, and this it's look very interesting to trade in long position.
This it's the descending line that we could to see better in this zoom up.
So, at the moment, I'm in long position from this morning that I update my position in the comment box in CAD/CHF where I was shorting very good and at least I get 2.60% in profit in this trade with 27 pips in profit. But not bad, but I see that CAD can to strength now.
Technically, we see 2 point to be pending in $0.7558 CHF and $0.7390 CHF. My Stop Loss it's around $0.7269 CHF and take profit until $0.7390 CHF.
Good luck!!!