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Sell CAD/CHF | Nov 12, 2019

Having seen scenario of CAD and CHF in previous analyses, selling CAD and buying CHF makes a perfect trade. Therefore, we are selling CAD/CHF.

Here is what I see on CAD/CHF:

We can set SL above right shoulder and can target either FIB50.0 (minimum target, it fulfills R:R::1:1) or ABCD100 .


There is no upcoming significant schedules even/data from Canada or Switzerland this week. I am not expecting BOC's Poloz to be hawkish on Thu.

Therefore, the price may go to ABCD100.0 in style of Newton's first law of motion. Keon Consultancy's 1st trade law of motion: price may remain at rest (sideways move in tight range) on in uniform motion (trending in a direction) unless an external force is applied. Technical levels and economic data/events work as external force.


If no external force applied, the fall may exceed to FIB61.8 that makes supprt cluster with ABCD100 or even to classical target of Head & Shoulder that coincides with FIB78.6.





7 comments

7 commentaires


Keon Consultancy
Keon Consultancy
19 nov. 2019

If you have read my comment on USD/CHF, you know that I have closed re-entered sell of USD/CHF today; which means I am no longer considering CHF strong. Therefore, re-entered sell of CAD/CHF trade (view its comment) has also been closed at BE.

J'aime

Keon Consultancy
Keon Consultancy
15 nov. 2019

The sell limit had been activated in Tokyo session as price really had retraced up ahead of text release of BOC Poloz's speech.

J'aime

K Trade
K Trade
15 nov. 2019

Ahead of text release of speech of BOC's Poloz, profit taking from sell positions may relieve pressure from CAD a bit. And the resultant retracement up may help the sell limit get activated.

J'aime

Anand Dubey
Anand Dubey
15 nov. 2019

As written earlier, we planned to re-enter a sell position for next target. In order to mitigate risk in this position, we are risking only half of what we already made in previous positions. We have set our sell limit at 30% retracement level of recent move down from C/the top of right shoulder.

J'aime

Anand Dubey
Anand Dubey
14 nov. 2019

The minimum TP target, FIB50.0 of whole swing up between Aug 7 - Oct 28, has been hit. The trade has been accomplished at TP. We may re-enter sell again after 30% upward retracement of total move down from peak of right shoulder, C.

J'aime
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