This is my idea on CADCHF pair. Good Luck Everyone. Going short from 3month resist.
back in sell area and expecting to take out this weeks low and back to the bottom
H4 time frame. Structure: Downtrend. Price formed a reversal pattern and broke the Key level at 0.72300. Wait for a sell signal and the profit target is the 0.71000 price area. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
CADCHF short analysis: On the daily timeframe, we see a bearish run from August 12 that ended with a bullish doji on August 20 and the pair has been correcting since then. On Friday, we saw a bearish hammer close just below 78.6% of the previous bearish move and yesterday's trade confirmed the bearish move with an engulfing candle which closed below 50%. 61.8% was...
FX:CADCHF The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
price makes a movement and now it looks like make a double top and last movement in little time frame price already make a double top and already breakout the neck of a double top, now maybe price will breakout the neck of the double top in 1H time frame.
As u can see the trap for uptrend on the line - And now is the time to dell all BUYER
CAD/CHF Signal Market Sell: 0.72860 Stop-Loss: 0.73460 Target 1: 0.72200 Target 2: 0.71050 Stop-Loss: 60 pips Risk: 0,5% Risk-Reward: 3.0
CADCHF tested the previous POC, targeting the thin valued area on the bottom.
CADCHF is checking long-term down trendline also forming rising wedge pattern. If it can't break the downtrend and break down to a rising wedge possible to go down to the 0.723 zone.
CADCHF Short , price retest back to the sell zone , we have a nice rejection on the daily with a classic bearish structure, So I'm expected the market will go down from here. Oswell.G
CADCHF respecting the downwards trendline, targeting the wick which hasn't been filled yet.
In this vide I explain all the reasons why I expert to see more downside for CADCHF back down into 0.71850 level Thanks for watching! If you agree or disagree drop a comment or a like on the video! :)
Confluences a. FIB 78.6% due to last monthly closure (doji) b. Trendline 3rd touch c. Corrective d. Minor key level
CADCHF has reached a high of the 18th, Aug and then retraced, it's countered not only the high but also the a zone of previous support which now is turned to resistance. Given the fact oil is falling today and CADCHF has rallied in the past few days causing lower time frames RSI approaching/is over bough, I believe a downward movement is a must. SL: around...
CADCHF is expected to sell to previous support after identifying divergence on 1hr chart for reversal
CAD/CHF Signal Market Sell: 0.72460 Stop-Loss: 0.73000 Target 1: 0.71900 Target 2: 0.71000 Stop-Loss: 54 pips Risk: 0,5% Risk-Reward: 2.7
As clearly depicted on the whiteboard charts, we see this pair in a downtrend. Massive downside legs are thrown to the downside with series of support levels broken along the way. We've got a recent level that has been broken and now we have price coming back to it. More than likely, we could see some downside continuations from here on in.. We're waiting for...