CADCHF IS BEARISH.
Technical Analysis:
Breakout out from the daily support zone.
A retest to the previous major supply zone.
Another breakout again in the 4 hour time frame (Breakout confirmed by volume).
Then a retest of a rejection candle which is confirmed by a high volume
Sell order confirmed.
Technical indicators:
Volume - ascending volume confirms a trend and corresponding (high/low) volume confirms the candle stick
Bias: Drawdown to 0.64900
Breakout out from the daily support zone.
A retest to the previous major supply zone.
Another breakout again in the 4 hour time frame (Breakout confirmed by volume).
Then a retest of a rejection candle which is confirmed by a high volume
Sell order confirmed.
Technical indicators:
Volume - ascending volume confirms a trend and corresponding (high/low) volume confirms the candle stick
Bias: Drawdown to 0.64900
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.