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Clear Corrective Structure on CADCHF by ThinkingAntsOk
Canadian Dollar/Swiss Franc
Clear Corrective Structure on CADCHF by ThinkingAntsOk
Di ThinkingAntsOk
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10 apr 2020
1
4
2
2
10 apr 2020
Use this as a guide to develop your view.
Main items we can see on the Daily Chart:
a)
The price was inside a big descending channel before it broke it
b)
On the Weekly chart, you can see that the price also broke a support zone that is working as resistance now.
c)
On that zone, we can see a corrective Structure making a pullback to the resistance zone and the broken channel
d)
Based on that we expect a continuation of the bearish movement, towards the next support zone (0.65 dynamic Support)
CAD
CADCHF
chf
Forex
fx
Multiple Time Frame Analysis
Support and Resistance
swing
Trend Analysis
ThinkingAntsOk
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