Canadian Dollar/Swiss Franc
Satış

CADCHF: H&S seen. More down side to come?

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Price hit a high of 0.7445 on Wed before losing steam with a Bearish candle seen on Thu. late Thu, Bulls launched an assault on Wed peak but closed at a QML. Early Fri see a Bearish impulse move lower from the QML. This move resulted in a H&S pattern(more obvious in H1) and broke a upward trend line drawn from previous week low to last week low prior to this Bearish impulse move. I will be looking to go SHORT at the pull back close to the QML to target previous week low.

DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.

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.