MaryJane
Short

CADCHF reached ACTION POINT!

FX:CADCHF   Canadian Dollar/Swiss Franc
176 14 23
The pair reached the twioce tested Pivot Support Level again. This is an Action Point.
Here we see a Cluster of idicators: Here is based the EMA 200 which broke 2 days ago ( bearish ) - here is also based the EMA90 (supportive) and the 38,2 fibo (supportive).
Below that Level i exspect a fast dip.

1. Buy this Level, SL should be a bit below the 0,382 fibo retracement (risky)
2. Sell the breakout through that Level - sl should be installed a bit above the ema 200 ("low risk")

The RSI signs further downpotential. The green curve illustrates the declining bullish momentum...!

Comments are welcome -agree or disagree.
Did you manage this up and down?
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This is really an action point. But the action is unclear now. Still trying the downside.
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Now the short term is supporting this idea.
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i see divergence on h1, maybe there is a space for move up
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hi tajir_b i agree...just wrote with another trader followin: if the wedge will not be formed, the next cyclical tp would be the Trends bottom @ ,738
 
don`t be surprized if we see a tiny upmove - at the Moment we are testing the in the past twice testet supportlevel
 
this test of the former bo-level would be classical :-9 the rsi signs an oversold Situation but not a buying Signal yet.
 
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tp reached - made a new "2"
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