Market Instrument: CADCHF
Timeframe: H4
Analysis: Technical
Structure: Trend Breakout and Support
Prediction: Bullish
CADCHF on major support formed on H4. Here I have picked up a downtrend where this requires confirmation of a breakout on the trend line. If we see a clean breakout on this bearish trend we can take it as a bullish sign or confirmation to find the next opportunity with CADCHF. The support I have picked up here is very important at the moment a well-managed position will generate a good return in the future. Keeping a close watch inside the circled area to spot any opportunities.
Timeframe: H4
Analysis: Technical
Structure: Trend Breakout and Support
Prediction: Bullish
CADCHF on major support formed on H4. Here I have picked up a downtrend where this requires confirmation of a breakout on the trend line. If we see a clean breakout on this bearish trend we can take it as a bullish sign or confirmation to find the next opportunity with CADCHF. The support I have picked up here is very important at the moment a well-managed position will generate a good return in the future. Keeping a close watch inside the circled area to spot any opportunities.
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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.