Looking at the CADCHF pair, the price have hit the weekly high again, price is rejecting currently. Therefore looking at the Key Level, the price will be going downwards. Price have been rejected at this key level for the past couple of weeks.
Next move: You may either wait for the candlestick to have a bearish engulfment or you can go short straight away if you feel confident.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
Next move: You may either wait for the candlestick to have a bearish engulfment or you can go short straight away if you feel confident.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.