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Cadchfshort

CADCHF - FOREX - 26. NOVE. 2019Welcome to our weekly trade setup ( CADCHF )! - 1 HOUR Bullish price action turned. 4 HOUR Overall very bearish market with a lot of pullbacks. DAILY Bearish waving market structure, good short entries. - FOREX SETUP SELL CADCHF 1ST ENTRY @ 0.74830 (Wait for trigger) 2ND ENTRY @ 0.74980 SL @ 0.75250 TP @ 0.74360 RR: 1.1 / 2.35 Use 0.5% risk per Entry! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
4
CADCHF Short 4Hr sellI see a leg 4 to 5 back to the medium dashed line price zone. From there we could bounce and hold support or expance with an additional ABC correction below the dashed line. Daily, weekly, and monthly buyers are showing a possible " > < " In and out symmetrical pinching to expanding pattern on daily and 4hr. Hourly shows divergence for a short and stochastic shows we are getting weaker for bulls. Please adjust and manipulate chart to zoom in. I have drawn the > < trend lines to express the visual I see happening. Also Monthly is in a strong horizontal channel. A nice widening channel over the next few weeks will indicate we are accumulating buyer power for a monthly swing up sometime in 2021?? I could be wrong but overall I am expecting a daily expanding pattern to happen.
Short
by AschraM
2
CADCHF SELL SETUPCadchf has broken the channel and it has already retested the trendline. On retest it show very good rejection. As it can be seen in the chart below: THe second thing that gives me confidence about selling at this point is the head and shoulder formation which has been confirmed by the breakout of neckline and retest. I have placed a sell here and I have my tp in the red box as it can be seen in thee first chart. Sl depends on you. FOLLOW AT YOUR OWN RISK
Short
by Vitaminhovers
1
CADCHF SHORT SETUP (Supply & Demand, Head & Shoulders)You can clearly see a head & shoulders pattern on the h4 or daily timeframe. I am now waiting for a double top on the h1 or a fakout on h4. Wait for price action. Do not enter the trade immediately! Other confirmations to sell: Price broke supply -> now demand lower low created -> waiting now for lower high I set TP1 & TP2 based on fibonacci. I will risk 1% for this trade. After the trade is 40 pips in profit, i will move sl to entry. I will close 70% of my trade on tp1 & move my sl lower to a point where i think the trade will be invalid. Let me know your view in the comments. Join our community. Link in bio.
Short
by stibo