With a Monthly and Weekly bearish trend, the ideal is to go bearish on the lower time frame. And on the 4H there is a supply area the coincides with the 78.6 Fib. With the 3 time frame in sync, if price can come to that area then for me it is a good short position
This is not a financial advice, and make sure to calculate your risk before taking any trade
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.
Hi,
The price was in a downtrend until it started ranging for roughly about 12 weeks, it eventually broke the support of the range with a strong Bearish move but found support again at the 2020 low of around 0.6600.
Price retraced back to the broken support of the range which should now be quite a strong resistance and made a nice rejection doji on the...
Hi,
Price is testing the daily resistance, on the 1HR it is forming a nice little double top. Waiting for the hourly close below to sell on a retrace of the broken neckline.
Any feedback on the analysis would be appreciated, this is not a signal.
Thanks
Hello traders!
‼️ This is my perspective on CADCHF .
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I have 2 points of interest here, if price rejects from bearish order block at 0.68000 or from bearish order block at 0.69000.
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Box formation formed on CADCHF
Price broke out and also formed 3 Black Crows.
This confirmed downside to come.
200>21>7 - Bearish
RSI<50
Medium Target -> 0.64720
SMC
Sell side liquidity formed forming an Order Block.
This is where the Smart Money goes down and stops out all the shorters. They then grab their orders and buys which causes a push up.
This...
Price tapped the lowest point in history and started to push away from the zone creating a double-bottom formation.
Double bottoms mean one thing, retail stops ESPECIALLY in an area of such high importance.
I would like to see a sweep of seller liquidity around the order block before we return to sweep the herd of buyers.
Again, no entries until I am...
CADCHF Bearish Engulfing Candle
LH LL Patterns Emerging.
Bearish Pattern confirmed by a Red Engulfing Candle on LH.
Sell/Short Order
ENTRY: 0.6900
STOPLOSS: 0.69279
2 Orders of .29 Lots
TP 1:0.68650
TP 2:0.68300
RISK REWARD in 2 orders is 1:1.5
PRICE has reversed impulsively from a double top value area inside a trend continuation pattern, and is currently forming a lower degree continuation pattern. Looking forward to take short side on the breakout.
Hello ! According To me CADCHF Will GO Upto 0.6928 , If 4 Hour Candle Close Below 0.6928 Then you Can Take Short Position On CADCHF . I Have Mention All Entry/SL/TP On Chart . I Hope This Trade Will Give Us Good Profit .
Thank you
