CADCHF Short: Montly:
On the Montly we our still bullish but we see theat we received the M formation which we alreday retested for more downside momentum, We also received a W formation which needed to be retested to complete it and it is also nice aligning with our nice S&D zone. (Bullish)
Weekly:
Weekly is Making a clear Bearish W with a nice descending trend line, we received previous week also a nice Bearish candle close which is a nice indication for me. The only thing that can stop our price is the Weekly IC which aligns with our TP zone. (Bearish) Daily:
On the Daily we received a nice reversal pattern in the form of a H&S, our last Daily candle close was bearish so this is a nice indication for more downside momentum, we had also a bigger descending trend line which was our 3rd touch this is the strongest one for a big impulsive move to the downside. (bearish) 4H:
we received a pattern within a pattern (4H bearish W+Natural W) which increases our setup to play out, we have also a nice descending trend line holding the price down. (Bearish)
Weekly:
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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.