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Cadchfshort

CADCHF - Bearish Trend 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. However, it is essential that you conduct your own thorough research and risk management strategies before making any trading decisions.
Short
by mansooryousafzai
TRADE UPDATE: CADCHF dropping to its target of 0.6472Box 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) which creates supply and downside for the market. All signals are down.
Short
by Timonrosso
CAD/CHF: Continuing Bearish Trend and Short Setup OpportunitiesThe 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 timeframes, the price continues to exhibit a bearish trend, presenting traders with limited opportunities. Consequently, the best approach for traders is to focus on short setups and continue following the prevailing trend. Given these circumstances, our suggested strategy would be to maintain a bearish outlook and seize any opportunities that arise for short positions. This would allow traders to capitalize on the current market dynamics and potentially earn some gains.
Short
by FOREXN1
8
CAD/CHF March April Challange 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 waiting a retest in our candle, rejecting the resitance level and then going back to support, we gonna also pay attetion if the price after the retest in the resistance will not go directly to the next suport zone, but is gonna restest at a fib level.
by CherPetitPrince