CADCHF 4H SHORTS
CADCHF - SHORT
What are we expecting?
- CHF Strength - CAD weakness = CADCHF Short Trades.
What is our confirmation?
- On the DAILY TF we are clearly in a strong bearish downtrend.
- So ONLY SELL Positions ONLY for this pair!
- We can also see huge wicks indicating that our sell set ups are coming into play as the bears are taking back over.
Where shall we enter?
- Watch for rejection of sell zone
- Risk entry on rejection of fib
- Targets: 0.712 (250pips), 0.69 (450pips), 0.65 (700pips)
Once entered where will our SL BE?
- SL will be above blue fib levels for a safe SL
Targets?
- Targets: 0.69 (450pips)
What are we expecting?
- CHF Strength - CAD weakness = CADCHF Short Trades.
What is our confirmation?
- On the DAILY TF we are clearly in a strong bearish downtrend.
- So ONLY SELL Positions ONLY for this pair!
- We can also see huge wicks indicating that our sell set ups are coming into play as the bears are taking back over.
Where shall we enter?
- Watch for rejection of sell zone
- Risk entry on rejection of fib
- Targets: 0.712 (250pips), 0.69 (450pips), 0.65 (700pips)
Once entered where will our SL BE?
- SL will be above blue fib levels for a safe SL
Targets?
- Targets: 0.69 (450pips)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.