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Cadchfshort

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
CADCHF - Bearish BiasCAD - Strong Bearish 1️⃣ The risk-off environment and further decline in crude oil prices depressed the CAD. 2️⃣ The Canadian inflation rate for July is expected to decline following the decline in the price component of the PMI IVEY. CHF - Strong Bullish 1️⃣ CHF benefited from safe-haven flows as investors sought protection due to negative sentiment. ===== Technical ===== We are selling the CADCHF below the resistance of 0.72500. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia