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VladimirRibakov

CADCHF Short Term Sell Idea Inside A Bearish Channel

Short
CAD/CHF (OANDA:CADCHF)  
VladimirRibakov Aggiornato   
OANDA:CADCHF   CAD/CHF
Trend Analysis Support and Resistance Multiple Time Frame Analysis CADCHF SELL Bearish Patterns bearishtrendpattern pullback bearishdivergence
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trendanalysis supportandresistance mtfa cadchf sell bearish bearishtrendpattern pullback bearishdivergence
H4 - Price has bounced from the top of a bearish channel. Bearish divergence.

Price still has room lower towards the bottom of this channel.

H1 - Bearish trend pattern.

Currently it looks like a pullback is happening.

Until the strong resistance zone holds I expect the price to continue lower further in the short term.

Commento:
The price respected the strong resistance zone and moved lower exactly as I expected it to, providing an excellent move to the downside!
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