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Cadchfanalysis

BEARISH RUN AFTER RETRACEMENT FOR CADCHFWe can currently see this pair retracing thus gaining momentum and also creating bearish divergence for a potential bearish continuation. We can see the same setup on USDCHF. The grey line has been marked at 50% fib level of that bearish move. Should price move to the red line which is our SL, this would invalidate our trade idea. Our tp is marked at 100% of the retracement. Grey line- entry Red line - Stop loss Green line - Take profit Risk exposure - 1% Risk to reward 1:2
Short
by Malika_Analysis
CADCHF Analysis: Bearish BiasConclusion for today's CADCHF analysis: A sell off in the CAD CHF is anticipated that should last for weeks or months The Daily timeframe of the CADCHF is presented in this analysis with a falling wedge chart pattern highlighted. A falling wedge is ideally bullish, but in this case, price consolidating and selling off at the upper boundary of the wedge implies bearish consequences. A bearish divergence on the Daily timeframe also argues for a sell off in the CADCHF and trade is expected to last for weeks to months. Target for such a trade is the long term bullish trendline in the CADCHF or the lower boundary of the wedge.
Short
by Coin_Analyst
CADCHF sell incoming - EQUIY.Dear traders, So as you can see we expect CADCHF to go short. We think it will go short because the markt is now in a strong weekly supply zone. If you zoom in on the daily chart you can see we are now also moving to strong supply zone that’s been filled right now. It will be much clear on the 4h chart, you can see we are creating now a nice “M formation”. We will wait till it reach our zone and then we will sell. For take profit levels and stoplos check our telegram group: t.me NOTE; if you follow our telegram group you will be always up to date about the last market trades and conditions. This is not everything, there is a lot more in the telegram group: What can you expect from us in the telegram group? -A watchlist video. This will be uploaded every Monday in the morning. -Trade setups. We only share high probability trade setups. -At the end of the week we will upload a market recap video. This means that we will look back at the trade setups we have discussed in the trading group. - Mini lessons about our strategy and mindset Furthermore, we have created this Equiy trading community group, because we want to create a community in which you can ask us questions, but also other people in the trading group. In that way we can grow as a community. We will share the link to this group in this message: t.me So, we hope you will enjoy this whole idea and that we will grow together! Team Equiy.
Short
by EQUIYtrading
1
CAD/CHF 4H Chart: Pressure by 50-hour SMAThe Canadian Dollar has been depreciating against the Swiss Franc in a channel down since the beginning of December. During this period of decline, the currency pair managed to reach March 2018 low at 0.7229. Daily technical indicators demonstrate that bears are likely to dominate the exchange rate today. The potential target for bearish traders will be at the lower boundary of the descending channel pattern at 0.7088. On the other hand, the currency exchange rate could reverse from current price level at 0.7250 and aim near a resistance cluster at 0.7325 during the following trading session.
by UnknownUnicorn890690