CADCHF - FOREX - 06. JAN. 2020Welcome to our weekly trade setup ( CADCHF )!
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1 HOUR
Strongly waving market with some bullish pressure.
4 HOUR
Sideways market structure at its resistance.
DAILY
We need a pullback to the downside.
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FOREX SETUP
SELL CADCHF
1ST ENTRY @ 0.74670
2ND ENTRY @ 0.74830
SL @ 75.130
TP @ 74.180
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Cadchfshort
CADCHF analysisCADCHF analysis
**Disclaimer**
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Thank you for your support!
Tradewithsam
CADCHF - FOREX - 27. DECE. 2019Welcome to our weekly trade setup ( CADCHF )!
-
1 HOUR
Sideways moving market structure.
4 HOUR
Multiple pullbacks and waves.
DAILY
Overall bearish direction, good short entries!
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FOREX SETUP
SELL CADCHF
1ST ENTRY @ 0.74730
2ND ENTRY @ 0.74820
SL @ 0.74980
TP @ 0.74470
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
CADCHF Elliot Wave Short Setup: Triangle inside TriangleHere is an update on CADCHF.
A few weeks ago I published an analysis suggesting a triangle pattern could lead to a sell-off on CADCHF. Since then we've experienced a further contraction in price action, but everything is visible now and still in line with the Elliot Wave principle.
One of the guidelines for a Triangle pattern is that wave "e" of the triangle can also sub-divided to a triangle and that's what happened in the case of CADCHF as you can see in the chart above.
This gives us a high probability set up with a high risk to reward ratio. Price has already triggered the confirmation level so we could see a rapid sell-off for the rest of the week.
CADCHF approaching resistance, look out for potential reversal!
CADCHF is approaching its resistance at 0.75044 where it is could reverse down to its support at 0.74455.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Triangle Pattern Could Send CADCHF LowerCADCHF and EURCAD are negatively correlated; that is, if EURCAD is trading higher, then most of the time CADCHF will be trading lower.
I've been tracking a triangle pattern on EURCAD, but when a colleague sent me his view on CADCHF, I could easily spot an almost completed triangle pattern as well.
This further confirms that the triangle on EURCAD and the related pattern could send CADCHF lower in wave C.
See related ideas links for EURCAD analysis.
CADCHF Created A Head & Shoulders At The Down TL With A TL BreakCADCHF Bigger Picture on The Higher Time Frame Is In Between A Consolidation Wedge,
The Market Recently Came To Top of The Wedge And Got Rejected Forming A Head & Shoulders Pattern,
This Is The 4th Time The Market Gets Rejected Off of This Trend Line,
The Market Now Already Broke The Small Up Trend Line Putting The CAD Swiss In The Sell Zone.
CADCHF - Short #ForexTook this trade earlier based on the 4 hour, and the lovely engulfing candle which you can see was my trigger candle.
Was in the middle of publishing when i had to rush off to do something.
Price hasn't really moved to far from my entry point, so i just thought i would bring it to your attention.
CADCHF Next Market Move is Ready.In the name of Allah, the Most Gracious, the Most Merciful".
CADCHF In 1Hrs Time Frame Looks Bearish Because in 4 Hrs It has Broken its Last Support level which current making resistance level.
News : BOC Rate Statement, Overnight Rate At 8:30 pm Indian Time
Market Trend: In 1 Day Time Frame its Looks more bearish.
Risk is 14 pips Reward is 43 pips.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
CADCHF Analysis: Price may go downPrice broke an ascending channel and has since seem to have formed a falling channel and is testing the resistance line.
You can wait for more confirmations and sell if the price doesn't manage to break the line.
This idea will be invalidated if the price manages to break the line.