I’ve taken a sell position on CAD/CHF as the pair continues to follow a strong bearish trend on both the daily and 4-hour timeframes. The overall market structure clearly shows consistent downside movement, with lower highs (LH) and lower lows (LL) forming across all key timeframes.
On the 1-hour chart, price recently formed a new lower high, rejecting the descending trendline — a clear confirmation of bearish continuation. This setup aligns perfectly with the higher timeframe trend and offers a clean confluence-based short entry with a favorable risk-to-reward ratio.
On the 1-hour chart, price recently formed a new lower high, rejecting the descending trendline — a clear confirmation of bearish continuation. This setup aligns perfectly with the higher timeframe trend and offers a clean confluence-based short entry with a favorable risk-to-reward ratio.
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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.