CADCHF / D1 / Downtrend
Technically the pair has landed in our overlapping S/R Zone, and it didn't manage to break above. Also it retested dominant downtrend resistance line which was very respected back from September 2017 and the pair also did not break above.
This is telling us that bears are taking control of the market and that the pair could be dropping down to previous support zone at 0.7745
Let's see how it goes. Good luck!
This is telling us that bears are taking control of the market and that the pair could be dropping down to previous support zone at 0.7745
Let's see how it goes. Good luck!
Nota
Okay guys, bias is changing here. If daily closes above the trendline, we will wait for the retest of it on lower timeframe and open long position in case downtrend line starts acting as support.
Nota
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.