A #short trade opportunity recently presented itself on the #loonieswissy (#CADCHF) #trading chart 📉. This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.66868 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell). Sufficient downward momentum...
CADCHF,when you see a price rallying toward a certain price point, which is opposite to the trend which is bearish, we call it retracement since the price is trying to fill or revisit to its unfinished business, and this is what is happening ladies and gentlemen welcome abord, don't forget to follow me for more insights
I took a sell on friday on cadchf and i am currently in a draw-down on one of the trade but i strongly believe that the trade would drop from here because there is alot of head and shoulder patterns on multiple time frames suggesting it will drop and alot of confluences. I entered another trade again on a smaller timeframe again with fewer pips risk to add to my...
I am already going short on CadChf as it has broken the 1HR trendline and has retested the previous support/resistance zone area. My setup will be invalid if it breaks the last resistance at the top
I am going short on CadChf as it has broken the trendline and it is bouncing off the previous strong trendline resistance. My setup will be invalid if it breaks above the last resistance
The price has once again hit the ceiling of the red and black descending channel. At the same time, we see the price hitting the 200-day moving average and the supply range of 0.6700. In general, we see a very strong resistance range, which can result in a price drop. Note that if the price breaks this range upwards, a very strong buy signal will be issued....
MARKET PHASE OANDA:CADCHF is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses)...
I am still looking to follow price as it shows bearish moves. At the 0.65172 zone, i am waiting for price to clear this liquidity below it, tap in the supply zone and give me a push to the next demand zone while taking first profit at 0.64845.
CADCHF pair has rejected the range high amidst a broken ascending wedge. The retest to the broken pattern(rising wedge) gives the pair a continuous flow downwards. 0.65000 equal lows are the first expected target points.
Even though we have a high probability chance of going short from this zone at 0.65280. We have seen how price has decided to deliver price bearish. On this zone on the 5Min, price has already mitigated the Demand zone and its set to go bearish from my analysis. See where you come in and trail stop loss when it breaks through 0.64930 for the potential target at 0.64704
CADCHF is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the reasonable retracement level. If the sell momentum continues the next target could be 0.6460 What you guys think of this idea?
CADCHF price action shows: (1) 1H & 4H Divergence (2) Double Top Reversal (3) Trendline Strong Resistance Confirm bearish bias. ***Trade Plan (Bearish Bias)*** SL: Previous Top/Resistance Entry Price: Previous HL/ Sell Stop TP: 1:1 Reward & Strong Support
H4: Pointing Upwards (H1 is overbought) D1: Up (H4 is overbought) Moving Average: Against Daily MA H4 pointing upwards Pattern: M30 AB=CD Strong resistance at 0.6490 - 0.6510 30 pip stop loss. 60 pip target Why are we taking this? 1) H4 and H1 is overbought 2) Strong structure 3) Yesterday's high 4) Lots of divergence
Hello Traders, Hope you all are doing good!! I expect CADCHF to go Down from these levels. Potential B wave of bigger correction is almost completed. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position....
Hello traders! ‼️ This is my perspective on CADCHF. Technical analysis: After accumulation phase for the last couple of weeks, price took buy side liquidity. I expect we can see a rejection after filling the imbalance and distribution lower for sell side liquidity Like, comment and subscribe to be in touch with my content!
🕛 TOPDOWN - Bearish Continuation Setup for CAD/CHF Overview: The monthly and weekly analyses signal a bearish trend, validated by a series of bearish breakouts and consolidations. The focus is now on the daily timeframe for a detailed perspective. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish - 68% probability of further downward...
Here is my analysis for CADCHF on D1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!