CADCHF Bearish Flag Provides Sell Opportunity

2
236
CADCHF Bearish Flag Provides Sell Opportunity

Click To Join Our Community Telegram Group

Hi Traders! CADCHF bearish flag provides sell opportunity for us. A detailed analysis of this sell setup is as follows:

CADCHF D1 Chart:

On the daily chart it looks like the price is creating a potential double wave down and the price has room lower towards the critical level. Currently it looks like a correction is happening and the price moving inside a bearish flag pattern. The price has now reached the top of this bearish flag pattern, we may now look for more evidences of bearish pressure on lower timeframes in order to join the bears.

CADCHF Bearish Flag Provides Sell Opportunity

CADCHF H4 Chart:

On the H4 chart we have a critical zone that has formed based on the fibo levels of the cycles and the top of the daily bearish flag pattern. The price which is moving higher has currently reached this zone, in addition to this we have a potential bearish divergence that is forming at the moment which we may consider as an evidence of bearish pressure. We may now look for bearish setups with more bearish evidences in order to start looking for the sells.

CADCHF Bearish Flag Provides Sell OpportunityInvalidation: If the price breaks and holds above the H4 critical zone then this sell setup will be invalidated (false breaks can be neglected).

Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell setup then you can use any setup and strategy that you have in your arsenal to look for bearish moves and join this sell trade.

Not sure how to spot reversals (bounces)? Not sure how to spot breakouts?

I invite you to join me in my live trading rooms, on daily basis, and improve your trading with us.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here

 

Yours to your success

Vladimir Ribakov

Advertisement

Click To Join Our Community Telegram Group

2
Leave a Reply

avatar
2 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
2 Comment authors
BrownRichard Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Brown
Guest
Brown

Thank you Vlad, it was good

Richard
Guest
Richard

Thanks Vladimir for the idea. It is really helpful in my trading. Keep up the good job