Get started

Cadchfshort

CADCHF, daily tf, sell on break of ascending supportHello my friends, I hope you all enjoyed weekend. I just checked some pairs for September trading plan and this pair looks very interesting to me. This pair not yet filtered by my screener but i think it will soon come to my sell position screener. What i am waiting for now, is a confirmation that price break below the ascending support line with a solid candle close. The moment that parabolic SAR indicator switch from below to above the price, it will fully confirm to take sell positions. Notice also there is a possibility bearish divergence forming on stochastic. I posted this in advance to let my fellow friends know it before hand so we will take sell position together when it confirmed. As long as price holding above the support then we will not take sell position yet. Only sell when we got our confirmation. The trade will look like this when it is active Sell CADCHF @0.6870 Stop loss @0.6955 Take profit 1 @0.6765 Take profit 2 @0.6670 RR ratio is 1 : 2,35 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
CADCHF H1 SHORT PRICE ACTION FORECAST After the price action reaching the supply zone, and getting a rejection from sellers, we could expect a downward movement back to the demand zone. This consolidation within the channel allows the setup of a short order to capture the pair's forthcoming downtrend. The order: Type: sell-stop S/L: 18 pips - R:R | 1:2 - T/P: demand level -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
CADCHF - BULLISH BIASCAD - BULLISH 1️⃣ Higher oil prices on the back of a bigger-than-expected drop in US crude oil inventories last week according to both the EIA and API. 2️⃣ All major economic data in Canada printed well. 3️⃣ CAD also supported by a weaker dollar amid a lack of progress in negotiations on a new US coronavirus relief package. CHF - BEARISH 1️⃣ The SNB President Thomas Jordan has been reiterating the CB will continue to intervene strongly in the foreign exchange market to stop the rise of the highly valued franc in order to prevent deflation and protect the export-orientated economy. 2️⃣ Switzerland is expected to maintain its ultra-expansive monetary policy for some time as it is facing the sharpest downturn since the aftermath of oil price shocks in the 1970s. ===== TECHNICAL ===== - We long CADCHF on RBS level + SMA50 area. - CADCHF on bullish zone. ===== RISK ON THIS TRADE ===== - This trade will hit stop loss if market sentiment turns to risk-off. Also, falling in oil prices will pressure this pair.
Short
by MonsunAsia