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CADCHF - Bearish patterns
CADCHF
- Bearish Butterfly formation (extendable from 1.27 to 1.41) some pips above in the main golden zone
- the market will probably go up to test the Major quarter point, and go overbought touching the up Bollinger band.
- check the RSI for the divergence confirmation
Risk Reward ratio 1:5 (50/250)
however:
- we have a Bearish Gartley Completed with a nice bearish tweezers candlestick pattern at point D
- close to the major quarter Point.
so check the retest at the point D
- Bearish Butterfly formation (extendable from 1.27 to 1.41) some pips above in the main golden zone
- the market will probably go up to test the Major quarter point, and go overbought touching the up Bollinger band.
- check the RSI for the divergence confirmation
Risk Reward ratio 1:5 (50/250)
however:
- we have a Bearish Gartley Completed with a nice bearish tweezers candlestick pattern at point D
- close to the major quarter Point.
so check the retest at the point D
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