Hi everyone:
CADCHF is looking very good for some short term downside move.
We have an ascending channel here on the lower time frame inside the running channel on the higher time frame.
Price broke down from the channel impulsively, which gives a good indication of a reversal from the top.
Now we see on the lower time frame correction is forming. Wait for confirmation and enter the sell to the lows of the channel.
Thank you
CADCHF is looking very good for some short term downside move.
We have an ascending channel here on the lower time frame inside the running channel on the higher time frame.
Price broke down from the channel impulsively, which gives a good indication of a reversal from the top.
Now we see on the lower time frame correction is forming. Wait for confirmation and enter the sell to the lows of the channel.
Thank you
Note
higher time frame: Note
Price is approaching the lows of the correction, look to take profit and see what the price will do. 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.