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CADCHF /H1 / Daily Forex Technical Analysis / 5.10.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is May 10th, 2019 and we will be taking a look at the Canadian Dollar against the Swiss Franc. On the higher time frames price action recently has been bearish as we broke the support area of .7552. Looking at the 1 hour time frame we will be looking for some kind of relief bounce back near the retest of the .7552 area. This is where we would look to enter Short. With an entry Short near the .75552 area, and a Stop Loss near the highs of .75661, with a target profit level of .75301 we could possibly yield a 2.3 to 1 R/R.
Short
by FuturesForexClasses
USDCAD / H1 / Daily Forex Technical Analysis / 4.23.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 23rd, 2019 and we will be taking a look at the U.S. Dollar against the Canadian dollar. Looking at the 1 hour time frame we can see price action has retraced back around to the 1.33631 area. Price action coming back to these levels coincides with the 50% fib retracement level and seeing a rejection here, we maybe getting another opportunity to set our selves up for a profitable short position. Entry for a Short position near the 1.33631 area, with a Stop Loss near the 1.33725 zone, could ensure a profitable trade with a 2.06 to 1 R/R. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Short
by FuturesForexClasses
Is this signal for short?I see this trade in Amateurs eyes for very risky short position. If you would like to get in, it's not smart because on the other side, we have buyers who are waiting for small sellers. At this moment every amateur looks at M15 and think; ''Oh,this is range and we broke through. Now I can get into and earn some money''. It can go to 1:1 (sl/profit) from entry where we broke through range, but it's very risky, so I rather wait sellers to come into higher timeframe zone (we are already in this zone) If sellers break though buyers strong zone, next buyers push will be even harder. Prepare yourself! Enjoy reading my analysis and see you next time Martin
by MP4
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