CADCHF made a triple top on the daily timeframe in the 0.67 zone, and then an impulsive downward move, showing that the bearish trend is still maintained.
And this week there was a nice bearish pattern (pinbar and bearish engulfing) at the Fibonacci levels, indicating that this could be the end of the corrective movement, and that it will resume its downtrend.
I will update the idea as it develops.
And this week there was a nice bearish pattern (pinbar and bearish engulfing) at the Fibonacci levels, indicating that this could be the end of the corrective movement, and that it will resume its downtrend.
I will update the idea as it develops.
Note
Note
Note
Note
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Related publications
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.