CADCHF Critical Zones Provide Bearish Opportunity

2
316
CADCHF Range Breakout Provides Bearish Opportunity

Click To Join Our Community Telegram Group

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

CADCHF H4 Chart:

On the H4 chart we have a special or triple cycle, currently it looks like this cycle has completed itself and a retrace is happening at the moment. As per the book scenario we may now expect a correction to happen until the price reaches the 38.2% – 50% fibo retrace zone of this cycle. We also have a bearish hidden divergence that has formed which we may consider as an evidence of bearish pressure. We may now move to lower timeframes and look for bearish evidences in order to join the bears.

CADCHF Critical Zones Provide Bearish Opportunity

 

CADCHF H1 Chart:

On the H1 chart based on the fibo levels of the cycles, we have two critical zones that has formed. Currently the price has reached the first critical zone and we also have bearish divergence which we may consider as an evidence of bearish pressure. Until this critical zone holds, we may look for more evidences of bearish pressure in order to join the bears. Alternatively if the price moves higher then the next area to look for sells with bearish evidences would be the second critical zone.

CADCHF Critical Zones Provide Bearish Opportunity

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.

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
1 Comment authors
HenryLandon Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Henry
Guest
Henry

These information are very useful, thanks a lot Vlad and team

Landon
Guest
Landon

Thank you Vlad