CADCHF has recently made an important change in structure from a daily perspective since breaking to the upside and forming the HH, price failed to respect the HL and broke the structure to the downside with a bearish impulse from a 1D perspective - forming a new LL.
After the bearish impulsive move as we would expect, price made a corrective move, in which it has just tested the 0.618 FIB in confluence with a strong level of daily supply and is potentially forming a new LH formation we will be monitoring PA on the LTF for potential entry confirmations to capitalise on the bearish continuation wave
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.