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Cadchfshort

Wait for the opportunity to sell with CADCHFH1 time frame. Structure: Uptrend. The price moves in an ascending channel with a wide range. There is now a divergence signal and the key level is at 0.73000. Wait for the confirmation of the downtrend and the appearance of a sell signal, then you can sell with CADCHF. The profit target is the support line of the price channel, price zone 0.72400. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
CADCHF shortCADCHF short analysis: On the daily timeframe, we see a bearish run from August 12 that ended with a bullish doji on August 20 and the pair has been correcting since then. On Friday, we saw a bearish hammer close just below 78.6% of the previous bearish move and yesterday's trade confirmed the bearish move with an engulfing candle which closed below 50%. 61.8% was approached and rejected this morning (which gave the entry). On H4, H1 and M15,the 200/50ema cross has just been retested. A daily close below 50% should give an entry, sl above 61.8% and take profit at -27.2%. Good luck
Short
by Deut0818
potential double top short opportunityCADCHF has reached a high of the 18th, Aug and then retraced, it's countered not only the high but also the a zone of previous support which now is turned to resistance. Given the fact oil is falling today and CADCHF has rallied in the past few days causing lower time frames RSI approaching/is over bough, I believe a downward movement is a must. SL: around 0.7277 below 0.73 as 0.73 invalidate the analysis. TP: fib based previous low, - I'm doing conservatively here, but you may aim lower such as 0.723, 0.72 ir even 0.718 Be aware today's going to be a volatile day for many pairs. So manage your risk. GL
CShort
by mleader1