Welcome to our weekly trade setup ( CADCHF )! - 1 HOUR Very bearish price action and pressure.. 4 HOUR Prices looking for more downside movements.. DAILY Overall bearish market, good entry levels! - FOREX SWING SELL CADCHF ENTRY LEVEL @ 0.69150 SL @ 0.69440 TP @ 0.68700 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different...
After breaking the ascending triangle we began to see bearish momentum but that soon slowed down and now it looks like the price has failed to continue the downside and we are in the process of a structural shift indicating a potential buying opportunity. COT DATA - 55% Short
CADCHF set up Interesting too see how this plays out looks good across multiple timeframes. Failed retest of breakout indicating there is still some bearish momentum left in this pair . Also nice bearish candles on the hourly should see a push down today.
CADCHF LOOKING FOR GOOD SELL POSITION FROM 0 0.6905 STOP LOSS Must be Above 0,6985
After forming a beautiful M and dropping price has been in range for days 9 in all. 9.5 depending on the kind of trader you are. So currently as I see it price is on Level 1, at the very top of level 1. Price can drop from here or continue upward to retest the breakout again. That would suck since I've entered 2 small positions. I will set limit orders for higher...
Price has broken support. We are expecting price to continue further to the downside.
CAD - BEARISH 1️⃣ Investors turned to safe-haven currencies amid concerns over surging coronavirus cases worldwide and the possibility of further lockdowns. 2️⃣ A fresh leg down in oil prices undermined the Loonie. 3️⃣ Ontario, the country’s most-populous province, cracked down on private social gatherings amid a spike in infections. CHF - BULLISH 1️⃣ The...
CAD - BEARISH 1️⃣ Investors turned to safe-haven currencies amid concerns over surging coronavirus cases worldwide and the possibility of further lockdowns. 2️⃣ A fresh leg down in oil prices undermined the Loonie. CHF - BULLISH 1️⃣ The risk-off tone likely to remain supported the safe-havens flow. ===== TECHNICAL ===== - We are looking to short CADCHF on SBR...
The price action shows a bearish bias with the Canadian dollar. However, only if the price can break through the demand zone and retest the level will allow the pair's short entry. The order: Type: sell-limit S/L: 23 pips - R:R | 1:3 - T/P: previous support level -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just...
CADCHF 1H Projection RR: 1.61 #TradingCircleIdeas #FollowRiskManagement
This pair broke out nicely last week and I'm looking to hop into a bearish trend continuation. I am waiting for a break below current price structure to confirm my entry. I've drawn out my partial take profit levels on the way to my overall price structure target I'm aiming for. If we fail to break below recent price lows, or if our bearish confirmations...
On recent price action, price makes higher highs and higher lows an ascending channel for weeks. Price has just tested the resistance of the higher high and does not succeed in breaking it. On the other hand, the RSI (14) shows that the market is over bought and has come back to break through the it's 70 support level. I am expecting price to come back to test the...
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CADCHF is on the way down due to a strong resistence level. Entry: 0.69852 TP: 0.69440 SL: 0.70054 What do you think? Thanks for comment.