CADCHF - Bearish Trend

4 Eyl 2023

CADCHF - A huge red candle after a bearish divergence is observed, breaking the previous Higher low, which indicates trend can potentially reverse. Confirmation will come if further Lower Lows are formed. Trade can be take at the breakout of the previous Lower Low with stop loss at the recent Lower High, TP1 at 1:1 Risk Reward and TP2 at 1:2 Risk Reward.