Cadchflong
Go Short as CADCHF Consolidates Below Trend LineIn the daily chart, we can see that the CADCHF has been consolidating after breaking the support trend line earlier this month. It is now testing the support-turn-resistance trend line again after a 160-pip rally from 0.7266. This provides a good opportunity to sell on a pullback.
CADCHF approaching support, potential for a bounce!
CADCHF is expected to drop to 1st support at 0.74833 where it could potentially react off and up to 1st resistance at 0.75377.
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CADCHF: Analysis and Plan for the week ahead (15 JULY 2019)Looking at the CADCHF pair, price has been following the trend line (going upwards at 4H chart). Looking at the 1H chart, the price has been staying at the SUPPORT. The price has been having some difficulties to break the SUPPORT level. Therefore there is a probability that the price will be going bullish.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.