CADCHF is currently in an uptrend but it has reached a zone of support and resistance.
It is showing divergence on the RSI and MACD , it is also giving us a ''rising wedge'' price pattern which is another confirmation that this pair might be breaking out to the downside
I'm looking for a nice entry point in ''the Price reversal zone'' ( the blue rectangle , which is the zone of resistance and support ).
For my entry im looking for the price to be in the upper bollinger band with an RSI of 70 or higher
It is showing divergence on the RSI and MACD , it is also giving us a ''rising wedge'' price pattern which is another confirmation that this pair might be breaking out to the downside
I'm looking for a nice entry point in ''the Price reversal zone'' ( the blue rectangle , which is the zone of resistance and support ).
For my entry im looking for the price to be in the upper bollinger band with an RSI of 70 or higher