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VladimirRibakov
Oct 24, 2019 12:07 PM

CADCHF Sell Idea Short

CAD/CHFOANDA

Description

H4 - Price is moving inside a bullish channel and has currently reached the top of it, bearish divergence.

H1 - We have two critical zones that has formed based on the fibo levels of the cycles, price has reached the first critical zone, we have bearish divergence,

Until this critical zone holds we may look for bearish setups with more bearish evidences in order to join the bears.

Alternatively if the price moves higher then the next area to look for sell setups with bearish evidences would be the second critical zone.
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