Another push down? Support turns into Resistance
Hi traders,
today on CADCHF price is coming back to retest a key structure area where we can look for selling setups in order to follow the latest trend here. As you can see it's like an ideal setup, when you see price breaking a support that then turn into resistance and push toward a downward continuation. Of course, we need some sort of signal in that zone, being a double top, a candlestick pattern or whatever you want, as long as it respects your rules of engagement.
I'll keep you updated!
If you want to share your view or ask questions, leave a comment below.
Otherwise, see you in the next chart!
today on CADCHF price is coming back to retest a key structure area where we can look for selling setups in order to follow the latest trend here. As you can see it's like an ideal setup, when you see price breaking a support that then turn into resistance and push toward a downward continuation. Of course, we need some sort of signal in that zone, being a double top, a candlestick pattern or whatever you want, as long as it respects your rules of engagement.
I'll keep you updated!
If you want to share your view or ask questions, leave a comment below.
Otherwise, see you in the next chart!
Yorum:
Not entered yet. Still waiting for a sell setup.
Emir iptal