CADCHF an extantion higher to form the right shoulder before a huge selloff
Looking into the weekly chart we can see that there is a strong overall down trend for this pair. As we come into our lower time frames the Daily/ 4hr we have a smaller bullish trend taking place inside of the overall trend. Do too fundamentals which took places yesterday we had a strong down movement in this pair which has bought us back too the bullish trend...
CADCHF bounced off 0.75837 where it could potentially rise further to 0.76083. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
we have nice opportunity to open short position here for CADCHF. we have strong resistance on the red line that keep price below itself for 9 month ago till now. we open short at .764 and put stoploss above red line and target is long Trend line (black) that is supporting price for more than 4 years!
CADCHF 0.76115 ------ Curical level of rezistance. Daily 3 pin bar, wait for another retest of that zone and for cad news.
1) Triple bounce off the trend line 2) Consistent higher lows (HL) 3) Strong resistance at the .76139
hello everyone, a nice short is appearing on cadchf! lets wait for price action and next week look to short it! good luck!
Having a very good CADCHF shorting opportunity coming up this week...100+ pip move I believe. Not only do we have this very steep uptrend it hit a major level with a confluence on the daily and 1hr timeframe. On top of all that the Stochastic RSI indicator is showing major divergence. This is probably a 70%+ chance trade with 1:4 RR. I would use 30-40 pip stop...
CADCHF bounced off 0.75702 where it could potentially rise further to 0.76204. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
price reached important zone, previously this pair reversed from this zone five times, am waiting for good signal to go short.
CAD/CHF SELL LIMIT & 1 Market Execution ENTRY 1 .75890 ENTRY 2 .76080 Sl .76279 Tp.1 .75660 Tp.2 .75240 Tp.3 .72840
1D / 1W sell oportunity. sl -60-80 pips, tp + 200-300 pips
Price forming a rising wedge on the lower time frames. I will be taking this short with a tight stop once bearish PA confirms reversals. Conservative traders Can wait for break of local trendline.