CADCHF: Shorting At Potential Reversal Zone!

FX:CADCHF   Canadian Dollar/Swiss Franc
1202 11 23
Update: 1st Target reached without triggering entry... Trade cancelled.

-A harmonic Gartley on the daily chart with an ideal ABCD pattern
-Multiple Pin Bars at the potential reversal zone of the pattern
-Triple top on the four-hour chart
-Bearish divergence on the four-hour chart

Lets see how this one goes mates, Trade Safe, and Best of Luck ,
Join me at
Also at my Facebook             page
My best regards,

Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
1) If 90 percent of first target is reached I move stop loss to breakeven.
2) If 90 percent of first target is reached without triggering entry I cancel the trade.
3) Remember: Losing is a main part of the game
My trading ideas channel

Get your gift :
Can I ask why don't you rather buy EURCAD if you have this view? I mean EURCHF has a floor at 1,2000 which is unlikely to be released any time soon. This way CHF appreciation is limited a bit.
Technician TOP Kumowizard
The limit is only effective against the euro, i dont do it on the eurcad cause the fundamentals of the euro looks negative , and bad economic data is expected anytime.
Nice analysis....Do you see these Gartley patterns before you plot the lines? like is it just something you naturally see now as an experienced trader?
Technician TOP CryptoFactor
The Gartley pattern is not important per se, but when other technicals confirm the trade it becomes more important in my view.
+2 Reply
Great. Posted earlier a similar idea.
#CADCHF Bearish move confirmed
+3 Reply
Technician TOP HamedAghajani
Great, lets hope it works for us :)
+1 Reply
thanks for this post
1st target reached without entry.
Update: 1st Target reached without triggering entry... Trade cancelled.
Timing is key Technician
Great call none the less!, Pin Bars @ 0.786 with Pattern, No pullback on this one:(, no choice but to cancel....Interested to know if you have a method to determine the level of your pullback for entry, % of previous candle, Set Pip value based on R/R?
+1 Reply
I think there is still a loss
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out