Daily close yesterday as a BEARISH ENGULFING CANDLE
We have 3 touches to the Trendline with 3 pin pattern come bearish engulfing on a daily.
A slight retracement before we go DOWN!
On the 4 hour chart, on multiple occasions rejecting support while printing a lower high.
Risk to reward 2:9
Let's see how this plays out.
Hello traders, from the multi-timeframe analysis here provided you can see that the pair is almost ready to complete the daily pattern and provide us with a good impulse to the upside. as always is important to use the proper risk management and risk to reward
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HOW TO AVOID FAKE TRENDS ( using...
Shorting based on on using the linear regression channel to establish value for money.
The price was overbought on the daily and H4 (i.e. interacting with the upper linear regression channel). The previous two days candle have been toppy and interacted with previous support and resistance areas. This adds weight to the decision to short, as well as a reference...
When doing my analysis I look for keys levels of support and resistance. Trend patterns etc.
In doing Fibs they are key levels I look for to give entry points and take profit.
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You can track the progress of the trade by clicking the chart below!
Hello everyone this is my first video so let me know what you think. I am looking to go Long on CADCHF. Price is at a weekly support level it has not seen since June.
![CADCHF: [CADCHF] Perks of doing multiple timeframe analysis](https://s3.tradingview.com/r/rhk93LPA_mid.png "[CADCHF] Perks of doing multiple timeframe analysis")
