as messy the price action as it looks , if you look thoroughly and zoom in into the 1h frame you can easily distinguish the lower highs/lower lows , being formed and the bearish market structure still respected , if you zoom out the chart to the 4 hours frame , you will notice that the general trend is bearish , and as a trend trader as my self i'm on the sell mode for the CADCHF as long as the price keeps being traded under 0.7474. so I'm expecting for the price to drop to 0.7368 and a possible bearish continuation all the way down to 0.7316 if the price succeed to break under 0.7413 .
so I'm on sell mode on this pair if we have a price break under 0.7413 and if the price remain being traded under 0.7474 and doesn't break above .
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so I'm on sell mode on this pair if we have a price break under 0.7413 and if the price remain being traded under 0.7474 and doesn't break above .
if you find the analysis of use and value please do support me with your like and comment, if you are new around here make sure to follow me many upcoming market analysis and trading ideas are to come !
I see you soon in the next post