Market Instrument: CADCHF
Timeframe: H4
Analysis: Technical
Structure: Trend Breakout and Support
Prediction: Bullish
CADCHF on major support formed on H4. Here I have picked up a downtrend where this requires confirmation of a breakout on the trend line. If we see a clean breakout on this bearish trend we can take it as a bullish sign or confirmation to find the next opportunity with CADCHF. The support I have picked up here is very important at the moment a well-managed position will generate a good return in the future. Keeping a close watch inside the circled area to spot any opportunities.
Timeframe: H4
Analysis: Technical
Structure: Trend Breakout and Support
Prediction: Bullish
CADCHF on major support formed on H4. Here I have picked up a downtrend where this requires confirmation of a breakout on the trend line. If we see a clean breakout on this bearish trend we can take it as a bullish sign or confirmation to find the next opportunity with CADCHF. The support I have picked up here is very important at the moment a well-managed position will generate a good return in the future. Keeping a close watch inside the circled area to spot any opportunities.