Just like last two years noted 2015 & 2016- what happened last part of year? Last quarter of year? PA went bearish.
On CADCHF 1 weekly chart, I am see that last two weeks of price action appears to be a bearish engulfing pattern when happened at a major RESISTANCE area of 0.74000, not PA is 0.73432. Also, noted that ema 20 and ema 50 did are in process or have crossed on chart, this is another good bearish sign for this pair. RSI is now under 50 at around 43 or in bearish territory. On shorter time frames will be doing bearish trades with trend & at support levels.
On CADCHF 1 weekly chart, I am see that last two weeks of price action appears to be a bearish engulfing pattern when happened at a major RESISTANCE area of 0.74000, not PA is 0.73432. Also, noted that ema 20 and ema 50 did are in process or have crossed on chart, this is another good bearish sign for this pair. RSI is now under 50 at around 43 or in bearish territory. On shorter time frames will be doing bearish trades with trend & at support levels.
