I SPOT SOME BEARISH PRESSURE COMING. THE BULLISH MOMENTUM SLOWED IN THE BULLISH MOVE SO IM ANTICIPATING SOME PROFIT TAKING FROM THE INSTITUTIONS. I EXPECT A DROP TO TE DEMAND AT THE LOW.
CADCHF LONG. PRICE MADE A STRONG BULLISH PUSH AFTER A STRONG BEARISH MOVE. SELLERS ARE CONSUMED, THE LAST BATCH OF BULL ORDERS ARE GOING IN AT THE 'C' LEVEL OF SUPPORT(DEMAND)
WAITING FOR THE STRUCTURE TO BE BROKEN AND A CLEAR TEST OF THE STRUCTURE
CHANNEL BREAK AND TEST IN A DOWNTREND, SIMPLE.
MY CURRENT SENTIMENTS FOR THIS GUY. STRUGGLED TO FALL AND I ANTICIPATE THE MOVE UP TO HAPPEN.
WAITING FOR CLEAR BEARISH REJECTIONS AT THE BROKEN STRUCTURAL LEVEL. AS OF NOW. I STILL BELIEVE THE BULLS ARE IN CONTROL.
TRADE THE BREAK AND REJECTION OF THE SHADED AREA(CONTRACTION PHASE). MY OVERALL BIAS IS BEARISH.