(D1) - Price is in downtrend and hit a major support level which is also the extreme swing low of CADCHF.
(H4) - Price reacted to the level by forming a Double Bottom at the support level which is bullish reversal Pattern.
Entries
1.Aggressive Entry at the Close of the Bullish Candle in H4
2.Trendline Break Entry since we are going against the heavy downtrend wait for trendline to break to confirm trend change from Down to Up.
(H4) - Price reacted to the level by forming a Double Bottom at the support level which is bullish reversal Pattern.
Entries
1.Aggressive Entry at the Close of the Bullish Candle in H4
2.Trendline Break Entry since we are going against the heavy downtrend wait for trendline to break to confirm trend change from Down to Up.
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.
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.