CADCHF - Selling Area, Wait For a Confirmation!
Wait for a confirmation from 1H or 4H or even Daily. And the confirmation is a bearish candlestick pattern: Bearish Engulfing, Evening Star, Shooting Star, Bearish Railway Tracks, Spinning Top
Some criteria matching each other in one area:
- Trendline
- Fibonacci levels
- Previously worked resistance level
- Different timeframe EMA's
-* The gap: 80-90% of the time market fill those gaps. Currently, there is a gap after Monday's open which will be a slight indication that the market want's to go down.
-* The trend is your friend: currently we have nice short-term lower highs and lower lows
Feel free to support my effort by hitting the "LIKE", it is my only fee from You!
Best regards,
Vaido - Analysts for Swipex
Some criteria matching each other in one area:
- Trendline
- Fibonacci levels
- Previously worked resistance level
- Different timeframe EMA's
-* The gap: 80-90% of the time market fill those gaps. Currently, there is a gap after Monday's open which will be a slight indication that the market want's to go down.
-* The trend is your friend: currently we have nice short-term lower highs and lower lows
Feel free to support my effort by hitting the "LIKE", it is my only fee from You!
Best regards,
Vaido - Analysts for Swipex
Trade closed: target reached:
Nicely into the target area!