Cadchfidea
WHY WE LOOK TO SHORT CADCHF?=====
MARKET OUTLOOK
=====
CAD - BEARISH
1️⃣ Oil price gains are capped by concerns the resumption of COVID-19 in America will curtail demand.
2️⃣ Flaky risk sentiment are hampering the Loonie.
CHF - BULLISH
1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases.
2️⃣ Risk-off markets sentiment will help Swissy.
=====
TECHNICAL
=====
📊 We look to short #CADCHF on SBR level + SMA50 area.
📊 CADCHF in bearish zone.
=====
MONEY MANAGEMENT
=====
💵 Please use only 1-2% risk per trade or you can use recommended lot in pinned message.
CADCHF: forecasting July 2020Hi,
this is CADCHF as you can see it is developing a three touch pattern with possible double bottom all that is telling me a reversal to the upside is on it's way.
a closer look
please remember this is my analyses.
Kind Regards
CAD/CHF: Waiting for the Next PhaseI been mostly busy lately, but that didn't stop me from wanting to do an entry for the CADCHF pair before market close. Right now, the bearish action is making me anxious and some people may think this could be sign of a sell off, but I think it is actually due to market hours. Looking at the continuation pattern, I expect the upcoming wedges to be more towards signs of bullishness. I also think the next phase is likely positive. That being said, everything I say is on an opinion based basis. Please pursue at your own risk. Do your own due diligence and this is not meant to be taken as actionable financial advice.
CADCHF Potential rebound to 0.712 but might fail to test 0.72OANDA:CADCHF
CADCHF is in its lower bound of Bollinger band in the daily chart, so rebound potentially happening in a short term . Resistance 0.712 seems achievable but it will hard to breakthrough resistance 0.72xx unless there is significant financial news or fundamental progress.
If you want my view about other currencies/stocks/ commodities, I will love to share my view with you. Just simply comment below. I always open to discussion.
Disclaimer:
This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
CADCHF, Critical Rejection Point..
Critical Point.
Strong W,D,4H Rejection Zone.
Bearish Channel Broken.
0.5 Fib Level..
4H reflecting another Bullish Pattern
I am expecting Bullish Momentum from 0.69 zone
SELL CAD/CHF:
Stop Loss: 0.6935
Entry Point: 0.6917
Target Profit : 0.6890
Do not hesitate any question for clarification.
Good Luck!
CADCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CADCHF [1H] Upper Wave follow that Step 🔥🔥🔥🔥CADCHF Upper Wave follow that Step 🔥🔥🔥🔥
Cheer it 🚀🚀🚀🚀
R1 @ 0.70XXX
S1 @ 0.696XXX
Goodluck
(26.06.2020) CADCHF downwards to the area 0.69200(26.06.2020) CADCHF downwards to the area 0.69200, possibly lower.
Daily Update--CAD/CHF-- Big Chat View Forecasting Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
_______________________________________________________________________________________________________________________________________________________
Thank you for your support!
CAD/CHF, we are looking for a another solid shorting opportunityCADCHF is currently creating a beautiful Head and Shoulders formation. Price has already broken bullish trend. More risky possibility is to open sell entry now and put your stop above resistance or safer one is to wait until price breaks neckline to take short.
CADCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
CADCHF, Another Correction Phase..CAD showed some serious correction since last week.
But made a recovery on Friday..
Here's still possibility for downward momentum..
0.702 Seems to be another rejection zone.
Targets have been mentioned.
Wait for market to open and confirmations..
CADCHF price at trend line supportafter fake out our pair is now at support again let's wait for tomorrow close to decide our trade
CADCHF Fakeout price made the fake out here and now not looking good
price can touch 0.70200 and near of trend line support
still waiting for rejection from the upper trend line while retest.
CADCHF long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
SHIFT IN MOMENTUM ON CADCHF : BEARISH Hi Guys,
Happy Friday! We are evidently bearish on CADCHF so longs have been closed at -46pips. I'll be looking for price to retrace at least to our entry point before potentially advancing lower.
A major attribute you ought to adopt is the ability to trade what you see and not what you think. The market will speak clearly only if you are willing to listen.
Do not risk more than 2%
