Potential sell scenario on CADCHF The Pair created a perfect double top Pattern on a daily timeframe and also created trendline resistance at around 0.78072. I will be looking to take profit at around 0.75824, it might go down more This is my analysis, please trade with care. hello traders, let me know your thought on this
Double top has made me enter this short, jumped onto whilst a red candle confirmed the drop off. Someone in TV chat pointed out, can't remember the name but thanks!
CADCHF has reached its resistance zone where a double top pattern is formed. We think the price will take a major correction from here. One can place sell orders with managed risk on top. Trade your levels accordingly
Here I expect bearish price action from bearish orderblock after the price took out liquidity above previous daily high and filled the imbalance.
As you can in this chart price back at supply zone. price could rejected but have some behind works, until USDCAD pump or USDCHF drop CADCHF will not work. but the PA is already explain in chart let's see if we rejected.
USDCHF Making Ascending Channel Which is Reversal pattern Very Soon We Can see Next impulse For SELL Opportunity. SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Thank You !!
Kindly refer to the chart and tell me what you think about the pair. I am thinking a possible bearish move.
The pair has broken below its rising trendline support. We now see a retest of this trendline. I anticipate price to drop from here with four targets as shown on the chart. I will appreciate your continuous support, your likes do really matters to me. If you have any question feel free to ask in the comment section below. Big Love❤️
List of Confluence: 1. Head and Shoulders 2. Trendline Breakout 3. Key Level Breakout The risk reward for this trade is 1 to 5.86.
CADCHF Has Grabbed the BUY SIDE LIQUIDITY and Hence has Less Chances to Move Up Again. And will Continue Its Bearish Trend
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
CADCHF looks bearish after defining a top. It is currently breaking the rising support trendline which has been reactive in the past. We are expecting a lower high to be formed which will be testing the support line again. Trade your levels accordingly.
Confluences 1. Broke the Trendline 2. Daily New downtrend 3. New weekly candlestick low 4. Broke the inner trendline in downtrend Looking to react in lower timeframe to these two entry points. But, still high probability the price will go in 50% FIB due to Daily lower high and broke the inner trendline.
CADCHF NEXT MOVE - Potential reversal to the Monthly Demand before we ride to the top
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a CAD/CHF Sell. Enjoy the day all. Cheers. Jim
CADCHF TECHNICAL ANALYSICS + SHORT TERM SETUP Elliotwave analysics Supplyanddemand Fib Retracement All are involve
CadChf has been in a buy zone for sometime but after the ascending triangle for the bullish continuation failed to continue on 10th May at the opening of the London session. Price fell 40 pips of the ascending triangle and failed to break to complete the bullish move. Hence i'm expectinng a rejection of the move to 0.73800. NB: there will be a massive price...