CADCHF 31/07/2019
DAILY:
What can we see:
1. Descending trend-line, third touch ( anticipating further downside mvnt if oil can break lower)
2. Inserted the fibonacci tool. The 61.8% fib level lies on the Weekly key level, therefore looking for a sell from Region
4H
What can we see:
1. Previous rejections off the zone indicating sellers in the market
Bias = short
NB: confirmation = oil to break lower (below the 61.8% fib level)
What can we see:
1. Descending trend-line, third touch ( anticipating further downside mvnt if oil can break lower)
2. Inserted the fibonacci tool. The 61.8% fib level lies on the Weekly key level, therefore looking for a sell from Region
4H
What can we see:
1. Previous rejections off the zone indicating sellers in the market
Bias = short
NB: confirmation = oil to break lower (below the 61.8% fib level)
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.
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.