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Cadchfsetup

CADCHF SHORT✅TP - green lines ❌SL - red line EP -start of yellow line Original Analysis CADCHF Channel Up has broken through the support line at 22-Apr-12:00 2022 GMT. Possible bearish price movement forecast for the next 2 days towards 0.74907. Support Levels 0.7472 Resistance Levels 0.7618 This does not constitute investment advice and does not have regard to the specific needs of any person who may receive it. No warranty is given as to the accuracy or completeness of the information and any person acting on it does so entirely at their own risk.
Short
by pmfxideas
CADCHF | Good Short Opportunity. When it comes to the technical analysis of CADCHF , it is still in downtrend and likely to get at least 100 Pips to the downside. Based on technical analysis, it looks weak even in higher time frames and smaller time frames alike. That's why I came to this conclusion that this currency pair is still in downtrend. However, if the price breaks the above supply zone, don't go short. If you are going short, better place the stop above the supply zone and should wait for a proper pullback to go short. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by Maxproftrade
CADCHF | Good Opportunity to sell.When it comes to CADCHF technical analysis , this currency pair is right now in a downtrend. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by maxprofprofile
CADCHF - LONGIs CADCHF set up to go LONG? First we look at the Monthly and we see a 10 year trend connecting tops was broken in 2017 and the market has been ranging since 2014. We are now in the middle of that range. We see the low in Jan 2016 was surpassed in March 2020 when Covid 19 broke out, symbolically hunting out the stops and taking out the early buyers. The weekly/daily shows us that the market created a smaller range in April 2021 and doubled the range in August. We are now at the bottom of the range. We can also see the market has currently retraced between the 382 and 50% of the current swing. Price action shows a failure to make new lows. If we take a trend-based fib extension (A-B-C-D pattern) from the low in Mar 2020 to the top of that swing Mar 2021 and back to the low in Aug we have a projected target at 0.80 - see green box. Somewhere in this zone we can look for the long. Do you wait for the market to dip a little more to a 1.272 or 618 ext on the daily? Does the alignment of the 618 ext and the 50% retracement of the latest swing provide more supplementation to our perception of the market? Do we take the long now and not wait for an extension? If so, our stop will need to be below the 618/50% and possibly the 2. Is that too big a stop? I can't tell you exactly when to go but from our analysis I can say we are in the buy zone and we are always looking for optimal entry with a small stop. Yes we would love the price to hit the 618 and show a buying tail but it may not get there. All we can do is stack the odds on 'our side'.
Long
by enzenator