Clear Corrective Structure on CADCHF by ThinkingAntsOk

102
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)

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.