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Cadchfshort

CADCHF | Melt | 23 FebHere we can clearly see that the market has reached a very strong area of resistance. You can tell by the huge amount of rejections from that area (shown in graphs with arrows). So we can expect a strong pullback from this area. We have to be very smart on where we place our stop loss, because the market may push to the upside, activate everyone’s stop losses, before dropping. Thus I encourage everyone to use smaller lots for this trade with a wider stop loss. Another reason I’m strong on shorting CAD is due to the news: 1.“Top-performing hedge fund is shorting Canadian banks on all the usual suspects” 2.“80% of Canadian companies aren't generating enough cash to support their businesses” business.financialpost.com 3.'Everyone's walking on eggshells': Short interest in the big Canadian banks now stands at US$11.39 billion business.financialpost.com On the 4H timeframe, upside trendline has broken down, and is about to activate a meltdown. Trade with care
Short
by UncleBullFX
1
W,D,H4 and many other confirmationWhy I am planning to Short, 3 Reasons - W,D,H4 - downtrend, Pattern - Going in I.C.I pattern in Daily (if recognised right) Broke Strong Support line and turned resistance When would I enter (need to confirm 4 things through indicator on H4) Bollinger bands (below SDdev) EMA 10 below EMA 20 (means bearish ) and structure below 10 EMA When MACD in bearish When Stoch inside 80 ATR starts falling (already) - good point RSI inside (already) - good point If I am wrong somewhere please tell me and If you like my theory and analysis Please follow me and like this idea to get it on top
Short
by sachin555
CADCHF - ShortGood afternoon, Thank you for taking time to look at our analysis. So in my view, this is a short. Why? There is a trend continuation and a double top that has been formed. In my view, this pair is going down to the area marked with a circle and then we will have a new outlook and look for a buy entry. But before that happens there are a few things to we need to ascertain before entry. This is my take, what's yours? TriforeX P.S we would love to hear from you, please drop us a comment or like.
Short
by TriForex
CADCHF Looking for Short EntryThe chart shows clearly what I am looking at here. We have the impulse wave down breaking below the support zone and now I am looking for a sell opportunity in this pair. I will then aim to ride the wave down to the longer term trend line below! I am looking for a pullback up to the support/resistance area before awaiting confirmation on a sell trade. If price doesn't pullback to the highlighted area I will be skipping this trade. We have a 3.5 Risk Reward ratio on this trade.
by RingerFX