Get started
VladimirRibakov

CADCHF Short Term Sell Idea Inside A Bearish Channel

Short
CAD/CHF (OANDA:CADCHF)  
VladimirRibakov Updated   
OANDA:CADCHF   CAD/CHF
Trend Analysis Support and Resistance Multiple Time Frame Analysis CADCHF SELL Bearish Patterns bearishtrendpattern pullback bearishdivergence
4
2
trendanalysis supportandresistance mtfa cadchf sell bearish bearishtrendpattern pullback bearishdivergence
H4 - Price has bounced from the top of a bearish channel. Bearish divergence.

Price still has room lower towards the bottom of this channel.

H1 - Bearish trend pattern.

Currently it looks like a pullback is happening.

Until the strong resistance zone holds I expect the price to continue lower further in the short term.

Comment:
The price respected the strong resistance zone and moved lower exactly as I expected it to, providing an excellent move to the downside!
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.