Daily Bias Bearish
Fundamental
CAD reduced interest rate to 4.5% , CHF with a lower interest rate but their currency is bullish.
CAD is bearish now.
Price action
Price breakout of Daily SR level to for a lower low. In H4 TF, there is a double top pattern formed before the breakout happened.
Setup short trade at broken H1 support level with SL above the swing high of double top pattern. Targeting next daily SR level below.
Fundamental
CAD reduced interest rate to 4.5% , CHF with a lower interest rate but their currency is bullish.
CAD is bearish now.
Price action
Price breakout of Daily SR level to for a lower low. In H4 TF, there is a double top pattern formed before the breakout happened.
Setup short trade at broken H1 support level with SL above the swing high of double top pattern. Targeting next daily SR level below.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.