Price did a false break outside the triangle, but demand pushed it back and the Weekly candkle closed back in the range.
Target would be opposing supply and trendline
CHF currently looking weak so this seems a good opportunity
The chart shows clearly what I am looking at here. We have the impulse wave down breaking below the support zone and now I am looking for a sell opportunity in this pair. I will then aim to ride the wave down to the longer term trend line below!
I am looking for a pullback up to the support/resistance area before awaiting confirmation on a sell trade. If price...
. There is still a possibility of temporary retracement to suggested resistance line (0.7488). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. CADCHF is in a range bound and the beginning of downtrend is expected.
. Price is below WEMA21, if price rises more, this line can...