CADCHF on the ascending channel: potential drop opportunity (H4 timeframe analysis)
Comment:
Fibonacci retracement base on the trend-line is showing also that CADCHF had already been acheaved the 0.618 level where it is decisive now to track the futur mouvement.
- If it breaks the ascending channel that could result for a potential drop.
- If not it continues to reach the upside of the channel to retest the 0.618 level.
**Instructions:
- Always wait for a reversal signal or a confirmation signal for the mouvement (2candles in the 15M at least)
- Pay attention to the news and secure ur trade in case.
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- If it breaks the ascending channel that could result for a potential drop.
- If not it continues to reach the upside of the channel to retest the 0.618 level.
**Instructions:
- Always wait for a reversal signal or a confirmation signal for the mouvement (2candles in the 15M at least)
- Pay attention to the news and secure ur trade in case.