CADCHF short analysis:
On the daily timeframe, we see a bearish run from August 12 that ended with a bullish doji on August 20 and the pair has been correcting since then. On Friday, we saw a bearish hammer close just below 78.6% of the previous bearish move and yesterday's trade confirmed the bearish move with an engulfing candle which closed below 50%. 61.8% was approached and rejected this morning (which gave the entry).
On H4, H1 and M15,the 200/50ema cross has just been retested.
A daily close below 50% should give an entry, sl above 61.8% and take profit at -27.2%.
Good luck
On the daily timeframe, we see a bearish run from August 12 that ended with a bullish doji on August 20 and the pair has been correcting since then. On Friday, we saw a bearish hammer close just below 78.6% of the previous bearish move and yesterday's trade confirmed the bearish move with an engulfing candle which closed below 50%. 61.8% was approached and rejected this morning (which gave the entry).
On H4, H1 and M15,the 200/50ema cross has just been retested.
A daily close below 50% should give an entry, sl above 61.8% and take profit at -27.2%.
Good luck
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.