Cadchfshort
CADCHF - Up-trend broken to the downside | 1:3 RR Short📢CADCHF 4H - Technical Breakdown
📈Price action has successfully broken through the clear up-trend and has since re-tested the prior support.
📈A short opportunity from the current market price presents a 1:3 RR trade aiming to bank 150 pips down to the highlighted support at 0.67300.
CADCHF technicaly based forecast
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💡 CADCHF technicaly based idea, candlels formation good bearish, we can see price is bounce from trend line, expecting to see push down in price till lower trend line. CAD one of weakest, CHF slowly gathering power today, exepcting continuation.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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CAD CHF will continue in line / short & longCAD CHF will continue short downtrend at first movement, then it will rais upward and goes uptrend.
So if you decide to take short position at the beginning of movement, just start selling with putting STOP LOSS at the top of the resistant line,
But if you prefer a long position use buying after it moved to the bottom of the movement at the near place of support line. Dont forget to use stop loss.
CADCHF Short Possible Scenario..Fundamental View
Crude OIL OPEC meeting has been delayed.
Collapse of OIL is possible as well as CAD.
As illustrated above .It has formed a bat formation.
Since Fake breakout can be seen as well.
Price has retraced and formed exact bat formation.
R:R is clearly mentioned above.
Let's see where market opens for further confirmation..
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CADCHF. The key level will not allow the price to grow.Hello dear subscribers!
This chart shows how the Canadian dollar price cannot cross the key level,
the price will drop to the support level at 0.67500.
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This idea does not provide the financial advice.