PRICE ACTION ON CADCHF moved impulsively from a reversal wedge formation and has also printed a head and shoulders for confluency..
looking forward to short the current continuation flag like formation on the break with stops just above the top
On the DAILY chart the trend started on May 4 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.6799.
But do not forget about SL = 0.6474
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested. Thank you!
Good luck!
Regards, WeBelieveInTrading
Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: Here I expect bearish price action as we can see that price filled the imbalance, took the liquidity above equal highs and then rejected from bearish order block. My target is the imbalance lower.
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Here is my view for CADCHF on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
On the 4-hour chart, the trend started on May 18 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.6562
But do not forget about the SL = 0.6720
Good luck!
Regards, WeBelieveInTrading
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
looking like we're starting to see rejection here on cadchf on the lower time frame at the same time showing bearish divergence in addition to price action breaking structure and the tread already!
we have a lot of news event incoming so use lower Risk the normal when entering the market this week is how i am approaching these conditions
Analysis CADCHF :
Considering the weakness seen in the price ceiling, I expect the price to move towards the specified targets.
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price: 0.66950
sl: 0.67250
tp1: 0.66450
tp2: 0.65800
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👤 Alireza hajighasem : @alirezahajighasem
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📅 5/19/2023
Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: We are here in a bearish market structure from daily perspective. I expect bearish price action from here as price filled the imbalance, took liquidity above equal highs and then rejected from bearish order block + institutional big figure 0.67000.
Like, comment and subscribe to be in...
in cadchf, price is looking to break the resistance zone. after breakout, price will increase up to the undervalued fair value gap zone.
if a valid breakout of resistance zone does not happen, then this setup will not be valid.
CadChf is taking reversal from its 4hr high.
We can enter for a sell trade here and look to scalp until the next levels.
Note: This is for informational purpose only and can change anytime without informing.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
hey everyone, back at it again this week! Lets dominate the Charts and set ups this week!
with that in mind, also remember we have A LOT of HIGH Impact news events taking place tomorrow and we can see some insane movement
please remember information shared is for educational and demo purposes only!
Disclaimer -- Past profits don't guarantee a future...
potential bearish entry
Dow Theory in Place: Lower High and Lower Low Expected in Place
The double top, coupled with bearish divergence (a bearish reversal pattern).
The bullish trend is still intact; (be careful with your levels)
Entry, SL, and TP levels are defined.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
