CAD/CHF Bearish Movement Confirmed4H CHART EXPLANATION:
As we can see on the higher timeframes, price was facing the Confluence Zone between the Resistance Zone and the Descending Trendline. It bounced there a few days ago, but the decisive support zone that confirmed the downside move was recently broke. At this moment price is about to face the middle support zone, and then, if this zone is broken, then the next target level is the Daily Support at 0.73500-0.73600.
MULTI TIMEFRAME VISION:
-Daily:
-Weekly:
Cad-chf
Short View on CAD/CHF by ThinkingAntsOk4H CHART EXPLANATION:
Price was moving sideways between the support and resistance zones, and after that broke up starting a strong bullish movement. We consider this movement is about to end, since price is near to face the Descending Trendline. MACD Bearish Divergence is also showing some weakness. If the rejection is confirmed it would be a nice place to take short positions towards the first support zone. If this zone is broken, then it has potential to reach the second support zone.
MULTI TIMEFRAME VISION:
- Daily:
- Weekly:
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.74917). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 0.76150
TP2= @ 0.77145
TP3= @ 0.78658
SL= @ 0.73500
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.74917). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 0.76150
TP2= @ 0.77145
TP3= @ 0.78658
SL= @ 0.73500
CADCHF - Selling Area, Wait For a Confirmation!Wait for a confirmation from 1H or 4H or even Daily. And the confirmation is a bearish candlestick pattern: Bearish Engulfing, Evening Star, Shooting Star, Bearish Railway Tracks, Spinning Top
Some criteria matching each other in one area:
- Trendline
- Fibonacci levels
- Previously worked resistance level
- Different timeframe EMA's
-* The gap: 80-90% of the time market fill those gaps. Currently, there is a gap after Monday's open which will be a slight indication that the market want's to go down.
-* The trend is your friend: currently we have nice short-term lower highs and lower lows
Feel free to support my effort by hitting the "LIKE", it is my only fee from You!
Best regards,
Vaido - Analysts for Swipex
"Top and Bottom Analysis" CAD/CHF by ThinkingAntsOk4H CHART EXPLANATION:
Price has broke an Ascending Trendline after bouncing at the Resistance Zone. After the breakout, it formed two bearish corrective structures, and provided us with two clear short trades.
It is now bouncing at the Support Level, so we will wait to the downside movement to continue to take another position. The next target level is the support zone at 0.72200.
Updates coming soon!
MULTITIMEFRAME VISION:
Daily:
Weekly:
CADCHF approaching support, potential bounce! Price is approaching our first support (100% Fibonacci extension, horizontal swing low support) where a strong bounce might occur to our first resistance level (Horizontal pullback resistance, 38.2% Fibonacci retracement). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF SHORT CTL SETUPLooking to open up some more positions on CADHCF from the previous setup. We had a break and retest on our 4hr CTL (Counter-Trend Line). Now the We're looking for a retest on the Daily CTL
-I Will be looking for a pullback to the trend line (0.7520) and then I will be waiting for reversal patterns to form around that region.
CADCHF SHORTCADCHF is below a day resistance and below the 30EMA, It has also broken the uptrend and has retested. Short in my opinion.
Note: I've made a youtube channel that does not yet have any content but at some point in the future i'll be uploading videos about my trading journey and some educational content if you'd like to subscribe now and be the first to see it when i upload. Youtube: Flynnex
Continuation trade short 5/16/2019I managed to trade this short twice already and should still be in this trade. There is not much volume right now on the pair but thats partly why I like it. Less manipulated.
This is a continuation of analysis done two weeks ago and this week. Re entering short on current retrace up.
What do you think about CADCHF? Any fundamental reasons I am wrong or right? Lemme know