CADCHF >> Retest of the H1 support // Short up to the WKLY Supp

Atualizado
Good afternoon traders,

I’m posting down here the cross I have showed you last week, so that with this one we can start directly from the daily timeframe.

We said that on the weekly chart we are in a bullish trend which follows the trendline.
On the daily oneb] we can see in detail the movement: after this bearish phase, prices seem to rise again creating growing picks and valleys:

snapshot

On the other hand we are now in an up phase, and I think that prices might logically retrace, maybe till the support:

snapshot

In the middle between the 38.2% and 50% of Fibonacci applied on the whole movement:

snapshot

Which corresponds to the 50% of Fibonacci applied on just the last movement:

snapshot

An excellent confluence of target.

snapshot

With Ichimoku we can see that prices got closer to the Kumo, rejecting the SSB. It is interesting that the support zone represents the Kumo Twist (at least the beginning of it), and it is in the middle of the Tenkan Sen and the Kijun Sen so that it is still confluent.

snapshot

On a H4 chart there is nothing important, I only see in detail the movement. But the H1 chart that gives me the entrance is very important:

snapshot

In fact I believe that the breakout of these valleys is really interesting and that a retest of this zone is perfect for entering a bearish trade with the target on the support zone (paying attention to the Kijun Sen H4) and a stop on the picks.

snapshot

What do you think? Do you like this trade?
Nota
We're now re-testing the resistance zone due to news on CAD:

snapshot
Trade fechado: stop atingido
Stopped out. It was a really nice trade I'm happy I took, whatever the result is. :-)
Bearish PatternsChart PatternsIchimoku CloudichimokukinkohyoTechnical IndicatorsshortsupportSupport and ResistanceTrend Analysis

⛩ ENTRA NELLA COMMUNITY DEGLI ICHIMOKERS
>> bit.ly/Ichimokers

🎥 YOUTUBE:
>> bit.ly/YouTubeMartina

📷 SEGUIMI SU INSTAGRAM
>> bit.ly/InstagramMartina

🇨🇭IL MIO BROKER
>> bit.ly/3DpTo8s
Também em:

Publicações relacionadas

Aviso legal