Cadchfshort
CADCHF TRADE FORECASTCADCHF is trading within the range indicated by the dotted line, which delineates swing points on the Daily and Weekly timeframe. After an aggressive sell-off this week, it has retraced to the 0.69200 level and 0.705 weekly fibonacci retracement.
I think it may rise up next week to pick up liquidity, before coming back down to take out the sell stops resting below 0.69200 and beyond!
CADCHF H4 SHORT PRICE ACTION FORECAST -UPDATE-Price action kept dropping without pullback for no retest of entry-level for the first order. However, it is showing bearish momentum, and a second sell-limit entry is placed.
Expecting a correction to trigger order if it retests the critical zone
The price is showing some diminished seller pressure.
Hlf position is closed and S/L moved to BE.
CADCHF H4 SHORT PRICE ACTION FORECASTWith the price action about to form the right shoulder with the pullback, pair could continue its bearishness,
In the downtrend momentum continuos, a second entry after a pullback from trendline (purple) can also be caught.
Price in a pullback to the resistance level.
The order:
#1
Type: sell-limit.
S/L: 44 pips - R:R | 1:2 -
T/P: aiming to fibonacci level
CAD/CHF SELL SIGNAL Hey tradomaniacs,
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Market Sell: 0,71030
Stop-Loss: 0,71400
Target 1: 0,70630
Target 2: 0,70405
Target 3: 0,70175
Stop-Loss: 37 pips
Risk: 1%
RIsk-Reward: 2,4
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
SHIFT IN MOMENTUM ON CADCHF : BEARISH Hi Guys,
Happy Friday! We are evidently bearish on CADCHF so longs have been closed at -46pips. I'll be looking for price to retrace at least to our entry point before potentially advancing lower.
A major attribute you ought to adopt is the ability to trade what you see and not what you think. The market will speak clearly only if you are willing to listen.
Do not risk more than 2%
CADCHF approaching support, potential bounce | 21 May 2020Price is approaching our first support in line with our 161.8% and 127.2% fibonacci extension as well as 78.6% fibonacci retracement where we might see a bounce above this level to our resistance level . Stochastic is approaching our support level as well. We have also posted the video analysis version linked below, do check that out as well and let us know what you would like to see next!