CADCHF on the 4 hour chart with a nice downtrend and we did break below a major support zone. The daily chart did show a rejection of support now turned resistance but not much more follow through.
I like the 4 hour chart. We see a double bottom as well as a nice engulfing candle. We know where the buyers are at.
I would await a break and close above this resistance/flip zone at 0.7390-0.7400. 0.7480 would be first target.
Ideally would like to see a bit of a pullback here and then a push above this zone. This would also create a higher low giving us more confluence.
I like the 4 hour chart. We see a double bottom as well as a nice engulfing candle. We know where the buyers are at.
I would await a break and close above this resistance/flip zone at 0.7390-0.7400. 0.7480 would be first target.
Ideally would like to see a bit of a pullback here and then a push above this zone. This would also create a higher low giving us more confluence.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.