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VaidoVeek
Jun 10, 2019 12:12 PM

CADCHF - Selling Area, Wait For a Confirmation! Short

Canadian Dollar/Swiss FrancFXCM

Description

Wait for a confirmation from 1H or 4H or even Daily. And the confirmation is a bearish candlestick pattern: Bearish Engulfing, Evening Star, Shooting Star, Bearish Railway Tracks, Spinning Top

Some criteria matching each other in one area:
- Trendline
- Fibonacci levels
- Previously worked resistance level
- Different timeframe EMA's
-* The gap: 80-90% of the time market fill those gaps. Currently, there is a gap after Monday's open which will be a slight indication that the market want's to go down.
-* The trend is your friend: currently we have nice short-term lower highs and lower lows


Feel free to support my effort by hitting the "LIKE", it is my only fee from You!

Best regards,
Vaido - Analysts for Swipex

Trade closed: target reached

Nicely into the target area!
Comments
martinesleonardo
Reading your analysis is so inspiring! I am learning so much, bro!! Thank you so much
SpartaBTC
Great trading idea.
I think it will
VaidoVeek
@SpartaBTC, thank you!
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