Cadchfshort
CADCHF - Catch This Big Wave ⚡️
CADCHF is currently showing us the perfect correction. In Elliot wave theory, this correction is called a Flat correction made up of 3-3-5.
3 waves - WXY (Wave A)
3 Waves - WXY (Wave B)
5 Waves - 12345 (Wave C - we are currently in the bigger Wave C)
Following on from our last CADCHF post, we have seen the wave 1 and now retracing for wave 2. Wave 3 is typically the biggest move so it would be best to trade that wave.
Trade Idea:
- Watch for bearish price action at the 61.8 fibonacci level and take CADCHF down.
- Stoploss above the rejected price
- For take profit, once price moves down, use a descending trendline to manage your trade and exit when price breaks that.
Goodluck and trade safe!
CAD/CHF 4HR CHART SELL Hi everyone this is my trade set up for the CAD/CHF
This is my analysis only please trade with caution and risk management in place
look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute
good luck for this weeks trading
please like and comment both are welcome thanks
CAD/CHF:DOWNTREND|PRICE CONTINUE TO FALLING DOWN..⚡️Welcome back Traders, Investors, and Community!
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CADCHFBullish Indicators:
1) Support zone at 0.73294
Bearish Indicators:
1) Resistance zone at 0.74278
2) Downward trend
Plan A: One can take short position on the rejection from the resistance zone of 0.74278 for the target of 0.73745 and 0.73387
Plan B: On contrary if pair break the resistance zone with a good bullish candle one can take long position for the target of 0.74944
Fri 22nd Oct 2021 CAD/CHF Daily Forex Chart Sell SetupA slightly higher risk sell trade setup on the CAD/CHF. This is generally a slow moving pair. You can read my notes on the charts regarding my thoughts about this setup. But if you normally risk 2% on a trade, then I would only consider 1% risk on a trade like this. Cheers.
CAD/CHF: REVERSAL HARMONIC PATTERN | SHORT SETUP READY....Welcome back Traders, Investors, and Community!
Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !