Good setup, strong resistance level + Confirmation. I would like to add that I am bearish on CAD and this trade complies with my overall longer term direction
Hey Traders, Check this trade on CADCHF out. The pair consolidated for the best part of Friday then broke out after US data was released. Wait for the break of the previous low (breakout low) before entering a short opportunity. Trade Safe.
The price moves in a descending channel and has reached the upper part of the channel and a strong resistance level. It is expected to move downwards and target previous support levels as well as the lower part of the channel. 1D descending channel: Good trading! If you find it useful, like, follow, share!
Divergence is formed. CHF is Bullish for today. CAD is bearish for today. Take 2% of your whole Account Entry Price: 0.66314 Stop Loss: 0.66778 Take PRofit 1: 0.65853 Take Profit 2: 0.65384
it seems that the strength of up-trend is getting weaker and it's suitable for Sell (Short Position)
potential bearish entry Dow Theory in Place: Lower High and Lower Low Expected in Place The double top, coupled with bearish divergence (a bearish reversal pattern). The bullish trend is still intact; (be careful with your levels) Entry, SL, and TP levels are defined.
Waiting for confirmation at 0.66520 to short CADCHF back down to prior lows at 0.64852 If you agree drop a like and if you have nay questions leave a comment :)
According to my analysis using the Relative Strength Index (RSI) indicator, there is a divergence present at the moment. A bearish trend would be confirmed once the first Higher Low (HL) is broken and the first Lower High (LH) and Lower Low (LL) are formed. As part of my personal trade plan, I intend to enter a short trade with a 1:1 risk/reward ratio....
Box formation formed on Daily. We now have an M Formation (confirming further downside). Once the price broke below, we had our first target in mind. Which it's now heading to with grace. 200>21>7 - Bearish RSI<50 Target remains 0.64720 SMC Buy side liquidity (Above the M Formaiton). This is where Smart money comes and sweeps the buying (selling into it)...
The CAD/CHF currency pair has been caught in a bearish trend since the 4th of April, and this downward trend has persisted, leading to the historical minimum for this pair. Currently, the price movement is not indicating any signs of a reversal or retracement, leaving traders uncertain about where the bearish rally will eventually come to a halt. Across all...
Here is my view for CADCHF on H4. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello traders! ‼️ This is my perspective on CADCHF. Technical analysis: Here I expect bullish price action as price took sell stop liquidity and rejected from institutional mid figure 0.66500. My target is the imbalance higher and liquidity above equal highs Like, comment and subscribe to be in touch with my content!
Hello traders we are currently looking at CadChf Sell for very long time the cadchf has been on a down trend, at this point we wait for price confirmation if price fails to break level 0.66694 that means we would be expecting price to complete the neck line retest at level 0.67427 on the daily time frame (TF) and if price breaks lvl 0.66694 then we would see...
The price of this currency pair has been moving in a downward trend on the D1 chart since June 2022. On the H4 chart, the price has reached a resistance level that previously served as an important support level. In addition, the price is very close to the upper line of the descending trend channel, which is another indication of an opportunity to open a SELL position.
Hello my friends! How is going your trading week? I hope that is doing well, anyways lets talk about this operation! Bulish: We are preparing for a trend continuation after the break of the resistance level that we are currently in, for entrys we gonna wait a strong candle, a pattern cadle or something like that. Bearish: Here for the bearish operation we are...
Hello traders! ‼️ This is my perspective on CADCHF. Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect price to continue the retracement to take buy stop liquidity and then to reject from bearish order block + institutional big figure 0.69000. Like, comment and subscribe to be in touch...
strong order block at 4 hr frame so i think it will fall down to touch the daily support again so it is good idea to sell it