Market Outlook and Analysis (Nov2019 Week3)
Currency Pair: CADCHF
Technical Analysis – CADCHF
CADCHF D1 Chart: Support TL holds well
The pair fell from the Resistance level, straight to the Support TL. The Support is currently holding well. Breaking below this will allow the pair to head much lower with ease.
CADCHF H4 Chart: Bearish Bat Pattern Completing at Resistance Zone
Expecting the pair to head higher after being held at the Support TL to complete a Bearish Bat Pattern. This setup is ideal as it will be completing at a strong Resistance level. Remember traders, even if it is a perfect setup with high probability of a win, Risk Management is key to your trading.
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