CADCHF Short Term Sell Idea Inside A Bearish Channel
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.
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.
Komentarz:
The price respected the strong resistance zone and moved lower exactly as I expected it to, providing an excellent move to the downside!