If the pair can cross the last valid green "2" i exspect a further upmove to the tp 0.759
Former View:
CADCHF reached ACTION POINT!
The pair reached the twioce tested Pivot Support Level again. This is an Action Point.
Here we see a Cluster of idicators: Here is based the EMA 200 which broke 2 days ago ( bearish ) - here is also based the EMA90 (supportive) and the 38,2 fibo (supportive).
Below that Level i exspect a fast dip.
1. Buy this Level, SL should be a bit below the 0,382 fibo retracement (risky)
2. Sell the breakout through that Level - sl should be installed a bit above the ema 200 ("low risk")
The RSI signs further downpotential. The green curve illustrates the declining bullish momentum...!
Comments are welcome -agree or disagree.
Former View:
CADCHF reached ACTION POINT!
Here we see a Cluster of idicators: Here is based the EMA 200 which broke 2 days ago ( bearish ) - here is also based the EMA90 (supportive) and the 38,2 fibo (supportive).
Below that Level i exspect a fast dip.
1. Buy this Level, SL should be a bit below the 0,382 fibo retracement (risky)
2. Sell the breakout through that Level - sl should be installed a bit above the ema 200 ("low risk")
The RSI signs further downpotential. The green curve illustrates the declining bullish momentum...!
Comments are welcome -agree or disagree.
Comment:
Trade closed manually:
thread closed because tp was nearly reached - i missed posting it :-9
