CADCHF has closed below the lower Bollinger Band on the 1H chart. Very strong bearish candle on the daily chart. RSI is below 50. The bears are in control. I expect price to fall to previous lows.
good r/r interesting area of price recent higher lows OIL uncertain prices
CADCHF has closed above the middle Bollinger Band on 1/19/2017. I have entered at the open of the market on 1/19/2017. RSI is below 50.
Bearish new trench created Few rejection candle.
I'm going to watch to short this pair. It may continue to go down if it can't stand above red resistance zone. Try to find some good entries with reasonable stop loss.
everything in harmonic, here is a big chance! SHORT! Goodluck ;) ENTER : 077100 Target1: 075330 Target2: 074800 Target3: 072800 OANDA:CADCHF FX:CADCHF
waiting until price hits bottom of trend range and fib line good r/r short term swing trade (2-3 days) I guess it depends on how USOIL reacts
Pretty large wedge pattern here that has been forming for nearly 5 years now. This is the fifth time that price action has interacted with this trend line (as I have outlined) and all previous times resulted in heavy selling. Expecting no different here. I'll be looking for bearish entries on lower time frames to ride out the incoming downtrend. Happy trading!