ahsanakbarlive

Going long with Hammer

Long
FX:CADCHF   Canadian Dollar/Swiss Franc
CXY is bullish and SXY is bearish on the Daily chart
1. The chart has defined the LH
2. hammer candle spotted
3. bullish trend line is playing as support
4. 0.236 Fib. level is playing as support(hourly)next FIB. Retracement 0.5 level will be the resistance n TP(daily)
5. Bottom to top Time Cycle on the daily chart is 25 bars(yet to be complete)
6. RSI divergence found on the daily chart
7. No pattern could be seen


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.