CADCHF
Aggiornato
Price has broken below 0.75500 region where it was ranging above for several days.
The 23.6 % FIB level has also been taken out telling us that a continuation to the golden fib levels ( 61.8 , 71 ) is highly likely.
I am expecting price to come up and retest the 0.75500 zone/ 23.6 fib before going lower.
This pair likes to consolidate so will be patient and not jumping in on the first signs of weakness, but will wait for multiple wicks to the top side.
The 23.6 % FIB level has also been taken out telling us that a continuation to the golden fib levels ( 61.8 , 71 ) is highly likely.
I am expecting price to come up and retest the 0.75500 zone/ 23.6 fib before going lower.
This pair likes to consolidate so will be patient and not jumping in on the first signs of weakness, but will wait for multiple wicks to the top side.
Nota
short position filled.At the next highlighted support zone where we are seeing some signs of rejection.
One of 2 scenarios can play out here:
1) Price will reject 0.74844 area and push up to 0.75500 to give us a great selling opportunity.
2) Price breaks support where it currently is and we get a sell to 0.73900.
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