Market Outlook and Analysis (Nov2019 Week1)
Currency Pair: CADCHF
Technical Analysis – CADCHF
CADCHF D1 Chart: Back up at the Resistance Zone
The Pair is right back up at the Resistance Zone 0.7600/50. We had a very strong bullish move in the past week, 5 daily bullish candles to close the week at a high.
CADCHF H1 Chart: Completing of a Bearish Deep Crab Pattern at Resistance
Spotted a Bearish Deep Crab Pattern on the H1 Chart. Because of the Bullish move throughout the week, I would throw caution on this short trade. Ideally prefer to see a reversal pattern before taking this short trade.
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