CADCHF IS BEARISH.
Technical Analysis:
Breakout out from the daily support zone.
A retest to the previous major supply zone.
Another breakout again in the 4 hour time frame (Breakout confirmed by volume).
Then a retest of a rejection candle which is confirmed by a high volume
Sell order confirmed.
Technical indicators:
Volume - ascending volume confirms a trend and corresponding (high/low) volume confirms the candle stick
Bias: Drawdown to 0.64900
Breakout out from the daily support zone.
A retest to the previous major supply zone.
Another breakout again in the 4 hour time frame (Breakout confirmed by volume).
Then a retest of a rejection candle which is confirmed by a high volume
Sell order confirmed.
Technical indicators:
Volume - ascending volume confirms a trend and corresponding (high/low) volume confirms the candle stick
Bias: Drawdown to 0.64900
Aviso legal
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