CADCHF FORECAST Canadian Dollar vs Swiss FrancPEPPERSTONE:CADCHFmathiaswilliamHigher Time Frame Analysis We determine trend directional bias on higher time frame (H4). The price is in an uptrend and currently is in a range. Price created change of character (CHoCH) from the uptrend to downtrend. Since it changed character, we will look for shorting opportunities. Intermediate Time Frame Analysis While creating CHoCH on H4 time frame, it left behind supply zone and an imbalance on H1. Price is retracing to the supply and imbalance zone. So we will now look for trading opportunities on 15 minutes (M15) time frame. Lower Time Frame Analysis On retracement, price got rejected forming CHoCH and further confirms it by forming break of structure (BOS) on lower time frame. This confirms that sellers have taken control to drive the price lower. Entry Analysis We short the market upon sighting bearish engulfing candlestick pattern. We entered short on 0.57506, targeting a profit of 23 pips at the low of H1 zone 0.57275, with a 6.5 pips stop loss at 0.57571. Let's wait and see 👀 how price plays out.