CADCHF
We can see a bearish channel forming, there was a false breakout and price is currently hovering in the upside channel TL. If we close below and close below that small vertical TL within the channel, I would assume this pair would drop towards the next daily support as indicated.
We've broken daily support, price is currently testing this zone. We have also broken the daily TL therefore should be looking at overall bearishness.
We've broken daily support, price is currently testing this zone. We have also broken the daily TL therefore should be looking at overall bearishness.
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.