Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7466).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7465).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which...
This pair closed at a good level on the daily chart with an indication that you can take a long position in this pair if this happens...
At this position, we have to see the market reaction. If we see a daily close as a bullish candle then we will be taking a long here but we have to see if this support holds.
If it holds, then we can take long to our initial...
It is respecting the falling trendline with good risk reward trade for short term, potentially it is forming an Inverse H&S, this fall would potentially will make the head before heading to create right shoulder.
