Hi Traders,
My view on BUYING
CADCHF
Price Action Analysis:
On the 4-hour timeframe, the market is currently in a clear downtrend. At this stage, there is no sign of buyers stepping in — price is still pushing lower without slowing down.
On the lower timeframes, there is no shift in momentum or structure break that would suggest buying pressure. As such, it's too early to consider a buy. We'll need to see price slow down, consolidate, or show a rejection from key support before any buy scenario becomes valid.
Good Luck
My view on BUYING
CADCHF Price Action Analysis:
On the 4-hour timeframe, the market is currently in a clear downtrend. At this stage, there is no sign of buyers stepping in — price is still pushing lower without slowing down.
On the lower timeframes, there is no shift in momentum or structure break that would suggest buying pressure. As such, it's too early to consider a buy. We'll need to see price slow down, consolidate, or show a rejection from key support before any buy scenario becomes valid.
Good Luck
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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.