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Cadchfshort

CADCHF looks good for a sell!CADCHF created a resistance at around 0.78000. The pair had a rejection at around the same level in May 2022 and price fell significantly. This time we also see the pair doing the same, we just witnessed a strong rejection at the same level. I expect price to continue declining with short term target at 0.760. For best sell entry, I will wait for the current correction to be completed and if I see a break below the correction I will consider going short on the pair. If you enjoy reading my ideas please be kind to leave a like.
Short
by Forexintelligence_NA
2
SHORTING CADCHF FOR 268 PIPSCadChf has been in a buy zone for sometime but after the ascending triangle for the bullish continuation failed to continue on 10th May at the opening of the London session. Price fell 40 pips of the ascending triangle and failed to break to complete the bullish move. Hence i'm expectinng a rejection of the move to 0.73800. NB: there will be a massive price rejection at 0.74920 forming a possible head and shoulder or double top, still shorting CADCHF. TIPS: SUPPLY ZONE; Box Region (0.77050-0.76776) BREAKOUT ZONE: 0.74900-0.74600 SL: 0.77080 ROI: 1:4.97
Short
by DAdepa
Sell the retracement on CADCHFHello traders, On Friday CADCHF had a strong move to the upside and before the close of the week, there was a strong move to the downside. This move to the downside is an indication of the change in order flow from bullish to bearish. It was confirmed by the formation of a breaker block on the same day. However, since I missed out on the opportunity to go short on Friday, today I still pull the trigger to go short. This is because the price is targeting the Bullish Order block below. Also, the price must move more than 50% between the peak formation low and the peak formation high. Remember to apply proper risk management. Like and Subscribe
Short
by El_Chapo_Jr