Canadian Dollar/Swiss FrancUpdated CADCHF Trend Reversal?
CADCHF has broken through trendline established since the March with convincing fashion. RSI and MACD is indicating strong downwards momentum. 50 EMA crossing 200 EMA.
Currently between 0.688-0.693 supports, new trend could be established if broken through lower support level.
My strategy:
Look to short if 4 hour candle close below 0.688
Look to long if 0.688 support holds.
Would love some feedback, first post :)
Currently between 0.688-0.693 supports, new trend could be established if broken through lower support level.
My strategy:
Look to short if 4 hour candle close below 0.688
Look to long if 0.688 support holds.
Would love some feedback, first post :)
Note
Head and shoulders pattern sorta there too
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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.