The CADCHF has recently broke the support level on the 4 hourly. When looking at the overall trend, the price action on the bigger timeframes is in the down trend so we're following the trend which is important.
Now CADCHF has broken the support level, it's now retracing to test this level as its new resistance. At point B, I would take a short entry. In doing this, I would move to the 15 minute timeframe to see the trend reverse on here.
I will cover this in a different analysis.
Now CADCHF has broken the support level, it's now retracing to test this level as its new resistance. At point B, I would take a short entry. In doing this, I would move to the 15 minute timeframe to see the trend reverse on here.
I will cover this in a different analysis.