ifanwar

CADCHF: Sell at resistance

ifanwar Güncellendi   
FX:CADCHF   Canadian Dollar/Swiss Franc
This pair is showing lower highs and lower lows on 4 hourly chart. On the flip side last daily candle is a Bullish Hammer. My vote goes in favor of Dow Theory. My call is SELL at daily and weekly resistance with a Stop loss placed at last lower low.
Yorum:
Target achieved.
Plan: A rebound from here is expected due to formation of Bullish on daily chart.
Reentry with a SELL stance is due at weekly resistance 0.71471 and 0.71673 as the bearish trend is intact on both daily and 4 hourly charts.
Yorum:
Or we can enter with a SELL at 0.5 Fib retracement which is lying between 0.71471 and 0.71673 weekly resistances.

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.