Hi traders:
Looking at CADCHF's price action for more sell potential.
Overall the latest price action is in a parallel channel type of structure, correcting move up.
Many corrections within this larger structure, giving it more confluence for a reversal.
We then see a lower time frame ascending style structure, and price impulse down hard from the top.
If we see a continuation correction here on the lower time frame, it would be an ideal entry, a
nd see if price has enough momentum to breakout of the larger structure, and continuation down to the lows.
Thank you
Looking at CADCHF's price action for more sell potential.
Overall the latest price action is in a parallel channel type of structure, correcting move up.
Many corrections within this larger structure, giving it more confluence for a reversal.
We then see a lower time frame ascending style structure, and price impulse down hard from the top.
If we see a continuation correction here on the lower time frame, it would be an ideal entry, a
nd see if price has enough momentum to breakout of the larger structure, and continuation down to the lows.
Thank you
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