CADCHF H1 SHORT PRICE ACTION FORECAST Although the price has been fighting to get into a healthy correction, to heal the EMA's overextension, a strong area of resistance continues to work as a line of defense, preventing the upward movement toward the FIB's golden levels.
If the price fails to break the area, a bearish continuation towards the next support level is unavoidable. The reason why a short entry is placed
The order:
Type: sell-stop
S/L: 20 pips - R:R | 1:2 -
T/P: support level
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Cadchfforecast
Daily Update--CAD/CHF-- Big Chat View Forecasting Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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CAD/CHF, we are looking for a another solid shorting opportunityCADCHF is currently creating a beautiful Head and Shoulders formation. Price has already broken bullish trend. More risky possibility is to open sell entry now and put your stop above resistance or safer one is to wait until price breaks neckline to take short.
CADCHF H1 SHORT PRICE ACTION FORECAST After the rejection from the key level forming a tweezer top, the bearish bias in the price action could be forecasted. Expecting the bearishness in the price action to continue and trigger the short order, following close due to the next support zone blue-dotted line, as the price can find some rejection at the level
The order:
Type: buy-limit
S/L: 25 pips - R:R | 1:2 -
T/P: aiming at the next support level
CADCHF H1 LONG PRICE ACTION FORECAST In the real of D1, the price structure has been trading with a rising channel, recently touching the support of the channel heading toward to upper levels.
Now, in H1, the price has found support above the Fibonacci 61.8, together with a support level. If price correction has arrived to an end, this will allow a long entry for the pair to capture the uptrend momentum that would follow.
If price continues its uptrend bias, a buy-stop entry could be placed, with the following features:
The order:
Type: buy-stop.
S/L: 25 pips - R:R | 1:2
T/P: previous high.
CADCHF H4 SHORT PRICE ACTION FORECAST -UPDATE-Price action kept dropping without pullback for no retest of entry-level for the first order. However, it is showing bearish momentum, and a second sell-limit entry is placed.
Expecting a correction to trigger order if it retests the critical zone
The price is showing some diminished seller pressure.
Hlf position is closed and S/L moved to BE.
CADCHF H4 SHORT PRICE ACTION FORECASTWith the price action about to form the right shoulder with the pullback, pair could continue its bearishness,
In the downtrend momentum continuos, a second entry after a pullback from trendline (purple) can also be caught.
Price in a pullback to the resistance level.
The order:
#1
Type: sell-limit.
S/L: 44 pips - R:R | 1:2 -
T/P: aiming to fibonacci level
CADCHF H4 LONG PRICE ACTION FORECASTPrice action continues to be trading with a rising channel spotted in D1. Then, in H4, an expected pullback to the trendline in confluence with Fibonacci level 61.8 for a long entry will be placed. The diminished bullish momentum in MACD could support this pullback.
A buy-limit entry for a bounce strategy from the trendline+Fib level, give enough room for the following setup:
S/L: 47 pips - R:R | 1:4 - T/P aiming to the next resistance level.
SHIFT IN MOMENTUM ON CADCHF : BEARISH Hi Guys,
Happy Friday! We are evidently bearish on CADCHF so longs have been closed at -46pips. I'll be looking for price to retrace at least to our entry point before potentially advancing lower.
A major attribute you ought to adopt is the ability to trade what you see and not what you think. The market will speak clearly only if you are willing to listen.
Do not risk more than 2%
FURTHER BULLISH MOMENTUM ON CADCHF I previously marked up this pair stating bearish potential However, price did not meet our entry criteria instead it rallied bullish. Price is currently showing signs of further bullish movement. Before price advances higher, it has potential to retrace to our marked entry point before extending.
Entry, stop loss and take profit levels have been marked. Should price move to TP1 , you should be scale out majority of your position and move the running position's stop loss in profit.
Do not risk more than 2% on this trade.
FURTHER SELLING POTENTIAL ON CADCHF Hi Guys, hope you all had a great weekend and are well in your health.
I am looking at FX:CADCHF for a potential further push down bearish. Before price moves bearish, we may see price retrace creating a great opportunity for entry. Entry, stop loss and take profit levels have been marked.
Between take profit levels 1 and 2 , you would be looking to scale out majority of your position at level 1, move your stop loss of the remaining position into profit and let it run risk free.
Do not risk more than 2% on this trade.
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Disclaimer:
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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CANADIAN DOLLAR / SWISS FRANC (CADCHF) Monthly, Weekly, DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
CADCHF Support Levels Breached - Next Support Is T/P Target NowWe sure did see a lot of volatility today, didn't we? Well, here we are now with a new short position in CADCHF, with 2 strong support levels breached in this pair. The next support level has become the target level for take-profit. This level is 0.69050. I don't see this pair making a big move otherwise.