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Cadchfshort

CADCHF, daily tf, descending channel short opportunityHello my friends, I hope you all enjoy your weekend. I will share my trading plan for next week and i hope it gonna be useful to everyone. The last few days CAD was so weak that i think it could fuel furher weakness. All the major pairs was strenghtening against USD but only CAD going into other direction. My first plan for next week is CADCHF pairs. As you can see we're currently inside a descending channel. As long as price inside this channel, taking sell/short positons are more favorable. Only a solid close above this channel can change our bias from sell to buy. Notice that the Friday candle validate a solid close below the inside bar pattern of previous 2 candles. We might see a continuation to the downside in the coming week I am not going to enter right away but i will wait for a retracement towards 0.6935 to enter my sell. Sell limit CADCHF 0.6935 Stop loss 0.6975 Take profit 0.6855 (2R) RR Ratio 1 : 2 Use 1-2% risk only Take partial profit once we got +40pips profit and set SL to entry. Good luck
Short
by HayatoDragonFX
1
CADCHF - Bearish BiasCAD - BEARISH 1️⃣ Rising US-China trade tensions after Reuters reported the US was planning sanctions on some Chinese officials over Hong Kong. CHF - BULLISH 1️⃣ The dollar remained under pressure amid progress towards a Covid-19 vaccine and further stimulus. 2️⃣ The Swiss National Bank will most likely leave interest rates unchanged at a record low when it meets next week. ===== Technical ===== We are selling the CADCHF on 0.69550 + below SMA 50 on the H1 chart.
Short
by MonsunAsia
CADCHF, 4hr tf, Head and Shoulders pattern to materializeHello my friends, This setup might a little bit contradict my GBPCAD call as for GBPCAD to be favorable, we want to see CAD stonger than GBP. But on the same time, CADCHF also making a potential shoulders head pattern and price already broken through the necklne or trenline. That trendline or neckline was previously a support and also an area of confluences. With price breaking below it wind a soid canle close on daily and 4hr tf, we could say sellers are really pushing it down hard. Notice also the Friday candle of CADCHF looks like a bearish pinbar. If this is really a head and shoulders pattern, then the measured objective is around 155 pips. There is some key support on the way down so we will only try to aim arond 100 pips of the measured objective. Sell CADCHF 0.6975 Stop loss 0.7000 Take profit 0.6875 (4R) RR Ratio 1 : 4 Use only 1-2% risk Good luck Disclaimer : i hold cadchf sell position from 0.6975
Short
by HayatoDragonFX
CADCHF: Rejection From The Ichi Cloud...BEARISH Movement!!As price level move closer to the resistance line @0.6998, I will be see BEARISH pressure building for this pair. Currently, we can see price moving in the ichi cloud where a rejection from there could give us a nice BEARISH signal to the downside. I will be targeting the 1.618 price level which is also a strong support level @0.6916 price level. This will be a short term trade opportunity. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
2
CADCHF - Sell - Daily ChartCADCHF - Sell - Daily Chart Horizontal Channel Sell @ 0.70035 or a Break of the 0.70035 level Stop Loss @ 0.70703 Take Profit @ 0.68364 Please share your opinion in the comments, and support the idea with a Like 👍 Thank you for your support 😊 Wishing you successful trading 🙏 ------------------------------------------------------------------------------------ 🔺 Disclaimer! The content of this analysis is subject to change at any time without notice. 🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions. 🔺 You must do your own research to create your own trading plan for the market. ------------------------------------------------------------------------------------
Short
by UnknownUnicorn5418842
CADCHF 4H [11/12/2020] Market OverviewCADCHF 4H Market Overview Possible Sell opportunity, Strong rejection from Resistant area, we'll be looking to short the Cad-swiss from this area - Price has been contained in a little ascending channel towards .7050 resistance, I expect a move to downside going for .69666 and 2nd target .69100 Manage Your risks Accordingly. Traders! if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together. Disclaimer the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________ Thank you for your support!
Short
by ForexCracked
CAD/CHF SELL 📉👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE have sell conformation: - Trend was broken. - EMA's give us SELL signal. - Candle close below ASIAN session. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Short
by TBFinan
CAD/CHF SELL 📉👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE have sell conformation: - Trend was broken. - EMA's give us SELL signal. - Candle close below ASIAN session. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Short
by TBFinan