Week 36: CADCHF - Looking for short, but not at the moment

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Price action is very bullish (5 days of bullishness) but price has reached a resistance which had rejected a very bullish up move (see 24 to 28 July). Therefore I would want to wait for a convincing bear candle before taking any short. Anyway, I believe that there will could be a gap to the downside already as Mr Kim tested with their nuclear bomb. Geopolitical news, particularly War, will definitely move the market, especially Gold, xxx/JPY, xx/CHF and Crude Oil.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.