Long Scenario on CADCHF / 4hs and Daily. by ThinkingAntsOk
Main items we can see on the chart:
a) The price is against a Support zone + Daily descending channel
b) Currently, we can define a consolidation movement using the yellow lines
c) If the price breaks above the green line, we expect a bullish movement towards the yellow descending trendline
d) Also, we have an invalidation zone for our Bullish Hypothesis
DAILY VIEW
a) The price is against a Support zone + Daily descending channel
b) Currently, we can define a consolidation movement using the yellow lines
c) If the price breaks above the green line, we expect a bullish movement towards the yellow descending trendline
d) Also, we have an invalidation zone for our Bullish Hypothesis
DAILY VIEW