CADCHF is currently at the top of a sideways trend.
We already had a good reaction by sellers, with a big candlestick showing a strong upper shadow right on the level of resistance.
As usual, in ranging markets I prefer using oscillators instead of trending indicators. In this case, I use the MACD, that is a momentum indicator that here clearly shows how buyers are losing momentum. You can learn more about the MACD here: youtube.com/watch?v=uoSoVoRRNvM&t=1795s
Risk to reward ratio is almost 1:3, so good luck :)
We already had a good reaction by sellers, with a big candlestick showing a strong upper shadow right on the level of resistance.
As usual, in ranging markets I prefer using oscillators instead of trending indicators. In this case, I use the MACD, that is a momentum indicator that here clearly shows how buyers are losing momentum. You can learn more about the MACD here: youtube.com/watch?v=uoSoVoRRNvM&t=1795s
Risk to reward ratio is almost 1:3, so good luck :)
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Find out more at itstradingtime.com/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.