AidanMDang

CADCHF BUY in Descending Channel: RSI Divergence, Falling Wedge

Long
OANDA:CADCHF   CAD/CHF
Here we have an opportunity to buy CADCHF in a descending channel.

-Clear Bullish RSI Divergence while price was consolidating within the wedge
-Oversold RSI
-Price touching large channel support

On a macro level I still hold a bearish bias

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.