Hello and welcome to my Trade Idea of the currency pair CAD/CHF:
Lets start with the Top Down Analysis.
Monthly: On monthly we see the currency pair has made L.H (Lower Highs) and H.L (Higher lows). In summary, the trend has made a Pennant.
Weekly: We've been seeing more lower highs lately which confirms the trend is bearish.
Daily: We see a trendline, and the candle touched the trendline just before the market closed.
H4: H4 is for today the timeframe where we wait to execute the trade. I'll keep you up to date when the market opens.
Lets start with the Top Down Analysis.
Monthly: On monthly we see the currency pair has made L.H (Lower Highs) and H.L (Higher lows). In summary, the trend has made a Pennant.
Weekly: We've been seeing more lower highs lately which confirms the trend is bearish.
Daily: We see a trendline, and the candle touched the trendline just before the market closed.
H4: H4 is for today the timeframe where we wait to execute the trade. I'll keep you up to date when the market opens.
Trade active:
Now we're going into the trade. The price reacted to the trend line with a Gravestone Doji.
