Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7795).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Hey traders,
Here is our forecast on CADCHF.
The level where the price is trading right now is peculiar
and the price will most likely retrace from that.
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Hello,Friends!
Indecision in the market is changing
Towards a well defined bearish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a goodidea to go short!
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CADCHF is approaching to important support zone where bulls once again can show a reaction.
Remember this is the continuation of CADCHF analysis where we predicted the breakout from the wedge. (Please read a related idea on CADCHF).
This update is the LH into play and we may see upside till the trendline (mentioned arrow)
Trade your levels accordingly.
as messy the price action as it looks , if you look thoroughly and zoom in into the 1h frame you can easily distinguish the lower highs/lower lows , being formed and the bearish market structure still respected , if you zoom out the chart to the 4 hours frame , you will notice that the general trend is bearish , and as a trend trader as my self i'm on the sell...
CADCHF Long position on basis of HHs and HLs as learned in Dow Theory and on basis of bullish indicators in the bearish trend.
- Hammer and Bullish Engulfing has been marked
- SL is last HL
I am looking at a potential buy setup on CAD/CHF in the new york session if I can see price come into this area and show a bullish confirmation signal.
I won't be going over the technical reasons for this trade idea.
the yellow line is the monthly support and resistance
my stop loss will be a daily close higher than 0.7476 am going to short at the current price
current channel is descending.
The instrument is trading below the monthly support line; the Bearish trend is still strong.
Canadian Dollar/Swiss Franc forming a awesome Gartley Harmonic Pattern in H1 timeframe. The price it's move into this bearish channel and this it's another opportunity to short CAD/CHF. in that trade, I will put a sell order lmit to $0.7422 CHF. My Stop Loss to $0.7452 CHF and take profit of $0.7352 CHF. This it's an opportunity to find down 69 pips.
The H4...
CADCHF recently made an impulse drop and we know that motive waves are always followed by a correction. At a current price it would make sense to wait for a pullback before the next drop continuation. Although we can't currently tell which correction we can expect as wave (B) over time we can tell. We can expect any correction pattern ( Zig-Zag, Flat, Triangle,...
Maybe another bounce and LH retest will happen with a continuation. New low created, potentially lH as well, now I wanna see another LH bounce or a LL , Break and Retest, so new LL - LH on that current LL zone
✅CAD_CHF is going down currently
As the pair broke the key structure level
Which is now a resistance, and after the pullback
And retest, I think the price will go further down
SHORT🔥
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Hello,Traders!
CAD-CHF is trading in a local downtrend
And we are now seeing a bearish breakout
So I think that after the pullback and retest
Of the broken level we will see a further move down
Sell!
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See other ideas below too!
