Cadchfshort
CAD/CHF price at resistance area💡Hello traders,
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CAD/CHF is in downtrend. We believe this trend will continue and price will continue it's down movement.
Let us know what you think about this idea.
Trade safe !
CADCHF DOUBLE BOTTOMIF THE PRICE BREAKS THE NECKLINE I EXPECT THE PRICE TO MOVE MORE TO THE DOWNSIDE
FOR THE COMPLETION OF M FORMATION
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COMMENT WITH YOU IDEA.....
CAD/CHF H4 SellMarket sentiment seems to be on the positive side at this time, risk-on currencies could see some positive upside move throughout the rest of the Asia session... however we could see a change during the EUR session so I'm looking to sell CAD anticipating a bearish market mood and continuation of the downward trend.
CADCHF SHORT- Break of ascending trendline, forming lower highs and lower lows
- Rejection of 50MA and 0.786 FIB
CAD/CHF SHORT APROACHING JUST WAITING ON MORE CONFIRMATION.I'M LOOKING TO GO SHORT HERE. JUST NEED TO SEE MORE SELLING PRESSURE COME IN.
CADCHF H1 SHORT PRICE ACTION FORECAST Although the price has been fighting to get into a healthy correction, to heal the EMA's overextension, a strong area of resistance continues to work as a line of defense, preventing the upward movement toward the FIB's golden levels.
If the price fails to break the area, a bearish continuation towards the next support level is unavoidable. The reason why a short entry is placed
The order:
Type: sell-stop
S/L: 20 pips - R:R | 1:2 -
T/P: support level
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CADCHF SHORT Setup mantapmantap uhuyWait for the SHORT moment near moving average.
Dont forget to set SL.
WHY WE LOOK TO SHORT CADCHF?=====
MARKET OUTLOOK
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CAD - BEARISH
1️⃣ Oil price gains are capped by concerns the resumption of COVID-19 in America will curtail demand.
2️⃣ Flaky risk sentiment are hampering the Loonie.
CHF - BULLISH
1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases.
2️⃣ Risk-off markets sentiment will help Swissy.
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TECHNICAL
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📊 We look to short #CADCHF on SBR level + SMA50 area.
📊 CADCHF in bearish zone.
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MONEY MANAGEMENT
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💵 Please use only 1-2% risk per trade or you can use recommended lot in pinned message.
CADCHF and Sell Area (27/7/2020)Please fill the lines..!
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Decide your target, manage your risk..!
Turn off your PC..! Let your choice running..!
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
cadchf shorttwo things to keep in mind :
1.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.
2.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
on the other hand oil market will head down this week and cad with it and gold is rising with chf
so its safe for sometime to keep with the trend here
u need to know your exit by your self
take this trade on your responsibility
The correctionFrom the figured of charts, we can see the price was in a bullish trend for a long time, thus the correction will happen when it hit the support line then enter the buying zone and when the price hits below the support line in the period of your retest you can consider it to sell. But on this pair, I strongly suggest buying because of the correction to the market price will happen soon. Thanks
CADCHF SHORT- Lower lows and lower highs
- Below MA's on all timeframes
- Rejection of 0.382 FIB
- Failure to close below 50MA on the 1hour
CADCHF Trend Sell!Hi traders,
We're selling CADCHF from current levels.
Price has done a small ABC pattern pullback and made it back to previously significant levels and can drop from here.
Updates to follow.
Trade safe!
CAD/CHF Update +100 Pips And New Entry Is Available CAD/CHF Update +100 Pips And New Entry Is Available
SELL CAD/CHF:
Stop Loss: 0.6935
Entry Point: 0.6917
Target Profit : 0.6890
Do not hesitate any question for clarification.
Good Luck!
CADCHF- More Downside expectedWith our rejection off the Fib 71% level and now break of the CTL we can expect further downside movement on this pair.
Exercise proper risk management if you have not yet entered this trade. :)
CADCHF, Breaking BadCritical Point.
Strong Rejection Zone.
Bearish Channel Broken.
If Respected then 0.69 and 0.683 incoming.
CADCHF Short Now?CADCHF has broken through a weekly support (yellow zone plotted on chart) and has perfectly retested the broken support. The previous support is now acting as resistance. On a daily timeframe, CADCHF is forming a bearish flag pattern (a continuation pattern), indicating that the pair may see further downside.
Price is currently attempting to break the supportive trendline and price is completely bearish on a 4H timeframe, presenting a good opportunity for bears to open short positions now.
Only open a position if you are satisfied that the setup meets your strategy's requirements.
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Best of luck traders!
