CADCHF - 4H - Bearish Continuation

13 ต.ค.

Technical Analysis: CADCHF is in a bearish trend, having broken out of a previously bullish channel and consistently closing candles outside the channel. We will enter a sell position at the 0.5 Fibonacci retracement level, below the channel and respecting the trendline. The pair is printing lower lows (LL) and lower highs (LH), indicating strong bearish momentum. There is No Divergence on higher timeframes, further supporting the continuation of the downtrend.

Fundamental Analysis: CHF has been gaining strength over CAD, particularly from the start of October, reinforcing the bearish outlook for CADCHF.

Seasonality: According to seasonal patterns, CADCHF is expected to remain in a downtrend until the end of October.

Entry Strategy:

Entry Point: Sell at 0.62529, around the 0.5 Fibonacci level.
Stop Loss: Set at 0.62888, above the last lower high (LH) in a strong resistance zone to manage risk effectively.
Take Profit: First target at 0.62081 to capture gains from the continued bearish movement.

This strategy leverages technical signals, seasonal trends, and fundamental strength differences between CHF and CAD, with a clear risk management structure in place.