CADCHF-double top with divergence

FX:CADCHF   Canadian Dollar/Swiss Franc
533 5 11
This pair is finding strong resistance at the EMA 200 visible on D1 chart:

Here on H4 chart we have some reasons for a correction:

- double top with divergence
- channel resistance

Best regards.

Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
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It's started going to south , are we still running this trade setup

Thank you FT nice work as always
thank so much
Thanks FTT, nice set up! Why sometimes you use 55 EMA or 100 EMA but other times 200 EMA. I suppose it is a obvious question but I would be grateful if you help me here! Thanks again man. Have a nice day!
+1 Reply
FullTimeTrader rozy11Toro
Hello, i use only ema 55 and ema 200 and show them on charts if they are giving relevant information. Its a trading system i have backtested before. Off course the EMAs do not work alone we must combine them with other reasons. Regards.
+2 Reply
rozy11Toro FullTimeTrader
Ok I got it. Thanks for you answer FFT! Have a nice weekend!
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