Get started

Cadchfsell

CADCHF, 4hr tf, double top pattern inside descending channelHello my friends, Another setup to trade is CADCHF pairs. As you can see CADCHF moving inside a descending channel for the last 2 months. I don't see any pattern to confirm a breakout yet. As long as price inside this channel, we will only look to sell. There is a double top pattern and price currently retracing at 61.8% fibonacci level. Exactly at this area, there is EMA-200 which acted as resistance. If you look to the left, there was a gap from this point as well before which i think will acted as a resistance as well. In conclusion, this 0.6930 area is an area of confluence resistance. Sell CADCHF 0.6930 Stop loss 0.6965 Take profit 0.6860 (2R) RR Ratio 1 : 2 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
3
CADCHF - SWING - 28. DECE. 2020Welcome to our weekly trade setup ( CADCHF )! - 1 HOUR Bearish price turn.. 4 HOUR Strong closure below main sr level. DAILY Overall bearish market structure after a pullback. - FOREX SWING SELL CADCHF ENTRY LEVEL @ 0.69200 SL @ 0.69540 TP @ 0.68730 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
14
CADCHF, daily tf, descending channel short opportunityHello my friends, I hope you all enjoy your weekend. I will share my trading plan for next week and i hope it gonna be useful to everyone. The last few days CAD was so weak that i think it could fuel furher weakness. All the major pairs was strenghtening against USD but only CAD going into other direction. My first plan for next week is CADCHF pairs. As you can see we're currently inside a descending channel. As long as price inside this channel, taking sell/short positons are more favorable. Only a solid close above this channel can change our bias from sell to buy. Notice that the Friday candle validate a solid close below the inside bar pattern of previous 2 candles. We might see a continuation to the downside in the coming week I am not going to enter right away but i will wait for a retracement towards 0.6935 to enter my sell. Sell limit CADCHF 0.6935 Stop loss 0.6975 Take profit 0.6855 (2R) RR Ratio 1 : 2 Use 1-2% risk only Take partial profit once we got +40pips profit and set SL to entry. Good luck
Short
by HayatoDragonFX
1
CADCHF, 4hr tf, Head and Shoulders pattern to materializeHello my friends, This setup might a little bit contradict my GBPCAD call as for GBPCAD to be favorable, we want to see CAD stonger than GBP. But on the same time, CADCHF also making a potential shoulders head pattern and price already broken through the necklne or trenline. That trendline or neckline was previously a support and also an area of confluences. With price breaking below it wind a soid canle close on daily and 4hr tf, we could say sellers are really pushing it down hard. Notice also the Friday candle of CADCHF looks like a bearish pinbar. If this is really a head and shoulders pattern, then the measured objective is around 155 pips. There is some key support on the way down so we will only try to aim arond 100 pips of the measured objective. Sell CADCHF 0.6975 Stop loss 0.7000 Take profit 0.6875 (4R) RR Ratio 1 : 4 Use only 1-2% risk Good luck Disclaimer : i hold cadchf sell position from 0.6975
Short
by HayatoDragonFX
CADCHF 4H [11/12/2020] Market OverviewCADCHF 4H Market Overview Possible Sell opportunity, Strong rejection from Resistant area, we'll be looking to short the Cad-swiss from this area - Price has been contained in a little ascending channel towards .7050 resistance, I expect a move to downside going for .69666 and 2nd target .69100 Manage Your risks Accordingly. Traders! if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together. 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. _________________________________________________________________________________________________________________________________________ Thank you for your support!
Short
by ForexCracked
CAD/CHF SELL 📉👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE have sell conformation: - Trend was broken. - EMA's give us SELL signal. - Candle close below ASIAN session. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Short
by TBFinan
CADCHF - SWING - 28. SEPT. 2020Welcome to our weekly trade setup ( CADCHF )! - 1 HOUR Very bearish price action and pressure.. 4 HOUR Prices looking for more downside movements.. DAILY Overall bearish market, good entry levels! - FOREX SWING SELL CADCHF ENTRY LEVEL @ 0.69150 SL @ 0.69440 TP @ 0.68700 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
44