Hey guys,
just want to share with you this interesting area that's being tested on CADCHF. It's a daily level of structure that acted as support in the recent past and now it seems that price are being pushed by this level. This is why i want to get involved long with this. There's also a RSI divergence showing in the daily and 4h chart, in addition to a pinbar that's being created on the 4hr.
If price will fail in breaking into new lows, i'm buying this up, with stop loss below the low, and targets with Fibonacci.
I'm going to update. Stay tuned!
If you have questions or if you want to share your view, feel free to comment below.
Otherwise, see you in the next chart!
just want to share with you this interesting area that's being tested on CADCHF. It's a daily level of structure that acted as support in the recent past and now it seems that price are being pushed by this level. This is why i want to get involved long with this. There's also a RSI divergence showing in the daily and 4h chart, in addition to a pinbar that's being created on the 4hr.
If price will fail in breaking into new lows, i'm buying this up, with stop loss below the low, and targets with Fibonacci.
I'm going to update. Stay tuned!
If you have questions or if you want to share your view, feel free to comment below.
Otherwise, see you in the next chart!