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CADCHF - potential sell setup

Atualizado

As per the weekly chart, we can see that price has violated the weekly demand zone (yellow box) suggesting that seller is in control. Potential further downward movement.

Referring to the daily timeframe, new daily supply zone created (good selling point). It is also at 38% fibo retracement level. Potential TP is on the opposite zone - which is the daily demand zone - -0.18% - 0.27% level.

I will be looking to enter this trade on h4 timeframe to sell (nothing lower).

What are your thoughts?

blessed trading y'all

Cheers,
ReneeH

Trade ativo

sell limit triggered.

Trade fechado: stop atingido

ReneeH

Aviso legal

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