jojofang0901

CADCHF Continuation Downside, Watch for correction

שורט
OANDA:CADCHF   CAD/CHF


Hi everyone:

Some big movement in the last few days on USD. CHF, JPY pairs, and I was able to get in on the CADJPY sell.

Looks like CAD pairs are getting weaker, and I can expect CADCHF to also continue its bearish price action.

We can see after the initial bullish up move, price formed a pennant/triangle correction, but didn't not continue its originally move up.

Instead it was reversal correction, price then push down impulsively, and formed a continuation correction.

Latest price manages to impulse out of the correction, good sign of continuation.

I will be waiting for a lower time frame continuation correction to form and complete, before jumping onto another sell on the CAD.

Thank you

I will NEVER message you to Sell Anything/Service For $.
100% Free Educational Trading Content.
NO Telegram, Discord, Whatsapp & Facebook.
Be Careful of Scammers, Impersonators/Fakers of ME on Those Platforms.
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.