CADCHF - Looking good for a SHORT (2 High probability Areas)We recently saw CAD weakness. Looking for more downside after this brief retracement period. Wait for the break of trendline
Cad-chf
Don't miss the great sell opportunity in CADCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7027). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 17.
Take Profits:
TP1= @ 0.6890
TP2= @ 0.6800
TP3= @ 0.6740
TP4= @ 0.6604
SL: Break Above R2
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Don't miss the great sell opportunity in CADCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7027). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 17.
Take Profits:
TP1= @ 0.6890
TP2= @ 0.6800
TP3= @ 0.6740
TP4= @ 0.6604
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CADCHF ShortCADCHF 🏦 Short opportunity 📉 arises. Haven’t placed trade yet. WAIT 🚨 for MACD to reverse before initiating entry on this one ✅. Use appropriate risk management ⚠️ as this trade will be negative 📉 long before it becomes positive 📈. Happy trading and stay safe 🥶
WOL3.0 #63CADCHF sell stop 0.70711
SL 0.71235
TP 0.69665
R= 52.4 pips
If price reaches 0.70185, move SL to 0.70605
CADCHFIs making a good rejection of the uptrend that's making resist on the price for now, we can get a good retrace shortly !
CADCHF potential long trade upon trend line pullback | 29 May 20CADCHF is on a bullish trendline and is respecting it well. We are waiting for potential pullback to the trendline for a long trade.
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
CADCHF Price has hit R2 will it run back to the pivot? This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
CADCHFHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions
CADCHF potential long trade upon trend line pullback | 29 May 20CADCHF is on a bullish trendline and is respecting it well. We are waiting for potential pullback to the trendline for a long trade.
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
Don't miss the great sell opportunity in CADCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.703). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.6968
TP2= @ 0.6916
TP3= @ 0.6800
SL: Break Above R2
Don't miss the great sell opportunity in CADCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.703). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.6968
TP2= @ 0.6916
TP3= @ 0.6800
SL: Break Above R2
CADCHF approaching support, potential bounce | 21 May 2020Price is approaching our first support in line with our 161.8% and 127.2% fibonacci extension as well as 78.6% fibonacci retracement where we might see a bounce above this level to our resistance level . Stochastic is approaching our support level as well. We have also posted the video analysis version linked below, do check that out as well and let us know what you would like to see next!
CADCHF approaching support, potential bounce | 21 May 2020Price is approaching our first support in line with our 161.8% and 127.2% fibonacci extension as well as 78.6% fibonacci retracement where we might see a bounce above this level to our resistance level. Stochastic is approaching our support level as well. We have also posted the written version linked below, do check that out as well and let us know what you would like to see next!
Trade Idea con CADCHF by ThinkingAntsOkUse this as a guide to develop your setup.
Main items we can see on the 4hs chart:
a) The price is on the edge of a major support resistance zone and a broken channel
b) There we can see a Wedge Patter that has already been broken
c) Currently, we can see a secondary correction (purple lines) on the edge of the Wedge Pattern
d) We think that if the price breaks the secondary correction, we will see a bearish movement towards the next Support zone (trendline)
e) The Risk-Reward ratio of this trade is 2.2
DAILY CHART:
CADCHF Price just stalled out at R2 in our bearish zone This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
CADCHF Bumb and Run Reverssal Top & potential CypherHello traders,
We already have the opportunity to sell after that Bump and Run reversal top.
Short until the Cypher pattern formation.
Kind regards,
Michail Sideris
CADCHF Trade SetupBuilding Rising Wedge
closing below the trend line is a short and taking support support at Trend line is a good long .
RSI is making retest on trend line which make this one more bearish we will see this next week for more confirmation.
have a good and safe weekend
