break, retest & continue!
CADCHF canadian dollar/swiss franc
most of the market research, analysis & trade bias taken comes from the swing intermediate chart, 4H!
price broke out of ascending parallel channel forming several OHLC candlesticks above it indicating large volume presence of bullish momentum.
taking reference from Weekly chart, W demand of proximal price @ 0.68600 is in control of the market and is the imbalance that cause the break of the channel. after the break price made a run to the upside and retraced to retest the top of the channel where there is 4H supply level of proximal price @ 0.69000 which is now acting as demand.
i have bull targets at recent MN low @ 0.71100.
supply and demand
put together by: Pako Phutietsile
presented by: currencynerd
courtesy of: TradingView
the noble price in economics belongs to Satoshi Nakamoto
most of the market research, analysis & trade bias taken comes from the swing intermediate chart, 4H!
price broke out of ascending parallel channel forming several OHLC candlesticks above it indicating large volume presence of bullish momentum.
taking reference from Weekly chart, W demand of proximal price @ 0.68600 is in control of the market and is the imbalance that cause the break of the channel. after the break price made a run to the upside and retraced to retest the top of the channel where there is 4H supply level of proximal price @ 0.69000 which is now acting as demand.
i have bull targets at recent MN low @ 0.71100.
supply and demand
put together by: Pako Phutietsile
presented by: currencynerd
courtesy of: TradingView
the noble price in economics belongs to Satoshi Nakamoto
Penafian
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